breaking news

Trump lands at PBIA: Latest updates from president’s return

GOP health plan would add 24M uninsured, cut deficit by $337B, CBO projects


The much-anticipated report on the American Health Care Act from the nonpartisan Congressional Budget Office was released Mondayrevealing some of the coming costs of the GOP’s effort to repeal and replace the Affordable Care Act, also known as Obamacare.

>> Read the report here

The CBO projects that repealing Obamacare and implementing House Speaker Paul Ryan’s plan, dubbed “Trumpcare” or “Ryancare” by some, will save the government $337 billion through 2026 in on- and off-budget deficit reduction.

Projections also show that tens of millions of Americans would opt out of health insurance or become unable to pay for it; the CBO says “most” Americans who would lose health insurance in 2018 would do so voluntarily, having been stripped of the cost of the individual mandate. The CBO calculates that in 2018 alone, 14 million Americans would become uninsured. Later, as government subsidies end and state Medicaid monies dry up, the number of uninsured would spike to 24 million by 2026.

>> American Health Care Act: 5 things to know about the proposed Obamacare overhaul

That 24 million is in addition to the 28 million already projected to be without insurance that year, meaning that 52 million Americans would have access to but go without health insurance under the GOP’s current plan.

>> Read more trending news

In 2018 and 2019, as the healthiest people stop paying for health insurance, the CBO also projects premium increases for individuals in the nongroup market of “15 to 20 percent.” CBO officials also calculate a loss of $600 billion in tax revenue as taxes that funded the Affordable Care Act are repealed, which is another way of describing a tax cut. That $600 billion tax cut will largely affect the insurance industry and wealthy Americans who saw their payroll and investment income taxes go up.

It’s an unwelcome headline for Ryan and President Donald Trump, who promised a workable health care plan for passage this month. Earlier Monday, Trump called 2017 the “worst year ever” for the Affordable Care Act and promised Republicans would “save the day.”

>> Read the tweet here


Reader Comments ...


Next Up in Nation & World

Armed man records Facebook Live during police pursuit
Armed man records Facebook Live during police pursuit

A man arrested after a Dayton police pursuit and crash recorded himself on Facebook, pointing a gun as he was being pursued by Dayton police.  A citizen who claims to have seen the Facebook Live of the chase before the post was taken down sent the Facebook video to WHIO.com Tuesday morning.  In the video, King Turner, 19, of Trotwood, Ohio...
'Saturday Night Live' women defend Sen. Al Franken after groping allegations
'Saturday Night Live' women defend Sen. Al Franken after groping allegations

More than 30 women who worked with Sen. Al Franken on “Saturday Night Live,” defended the embattled lawmaker in an open later Tuesday, writing that while working with him “not one of us ever experienced any inappropriate behavior.” The women, including former SNL cast members Jane Curtin and Laraine Newman, writers and producers...
Chrissy Teigen pregnant with second child with John Legend
Chrissy Teigen pregnant with second child with John Legend

Chrissy Teigen and John Legend are going to be parents again. Teigen announced the happy news in an Instagram video posted Tuesday. People reported Teigen can be hearing asking her daughter, “Luna, what’s in here?” The future big sister pointed to her belly and said, “Baby!” She captioned the post with, &ldquo...
When is the best/worst time to leave if you are traveling for Thanksgiving? Here’s what Google says
When is the best/worst time to leave if you are traveling for Thanksgiving? Here’s what Google says

If you are traveling this holiday weekend you have probably already mapped out your route, but do you know the best time to leave so you can avoid the Thanksgiving rush? With Thanksgiving being the most traveled holiday of the year, at times it can feel like everyone who is traveling is in front of you as you sit in slow-moving traffic.So, when is...
Teen to spend most of his life behind bars in murder of young father
Teen to spend most of his life behind bars in murder of young father

An Oklahoma teenager was sentenced to up to life in prison Tuesday morning after a jury convicted him of first degree murder and other charges earlier this month in the shooting death of a Tulsa father last year. Convicted killer Emmitt Sam, is now 18, but he was 17 at the time of the June 2016 carjacking that left 27-year-old Jonathan Stephens dead...
More Stories