CBO: New Health Bill Would Leave Millions Uninsured, Save Less
Source: NBC
After a series of revisions, the House Republican health care bill would still leave 24 million more people without insurance while saving less money than before, according to the nonpartisan Congressional Budget Office.
While the previous bill would have reduced deficit spending by $337 billion over the next decade, the newer one would reduce it by only $150 billion.
Republican leaders tweaked the bill after the initial CBO report, which found it would insure 14 million fewer people in the first year than under Obamacare, with the number rising to 24 million by 2026, and increase premiums for older customers while decreasing them for younger ones.
Despite the change in cost in the new version, the CBO found its impact on coverage and premiums would be roughly identical.
Other revisions sped up when certain elements of the bill took effect, like freezing Obamacare's Medicaid expansion en route to eliminating it and undoing the taxes that helped pay for expanded coverage.
Read more: http://www.nbcnews.com/politics/congress/cbo-new-health-bill-would-leave-millions-uninsured-save-less-n737881
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