The nonpartisan Congressional Budget Office provides a unique insight into how the GOP’s healthcare bill and the ACA compare to one another.
The Congressional Budget Office (CBO) released it’s estimation of the effect that replacing the previous Affordable Care Act with the Republican proposed health care plan. Let’s just say that there’s good news and there’s bad news. The good news is that over the next ten years the government is expected to save billions of dollars. The bad news it that it will leave millions without coverage over the next ten years.l
Despite the fact that the CBO had yet to release it’s projection, Republican leaders pushed House members to vote on the new health care plan, even though some of the main points of argument are both coverage and cost.
Republican senator, Mike Lee, isn’t impressed by the newly proposed healthcare plan, said:
‘We don’t know how many people would use this new tax credit, we don’t know how much it will cost, and we don’t know if this bill will make health care more affordable for Americans.’
The Wall Street Journal put together graphs from the numbers provided by the CBO, below is a coverage comparison:
According to the Congressional Budget Office findings, they estimate that in 2018 alone 14 million more people will be uninsured under the new proposed heath care plan.
‘Most of that increase would stem from repealing the penalties associated with the individual mandate.’
The number of uninsured people is projected to continue mounting, reaching 21 million more people being uninsured by 2020.
The positive side to all of this, if you can call it a positive side, is that despite the millions of American citizens that will go without insurance, you can rest assured that the plan, according to CBO, would cut the federal deficit by $337 billion dollars. Somehow that’s not very comforting to Americans in fear of losing their health coverage.
Individual cost comparison:
The Congressional Budget Office estimations give a unique view into the potential future of our country. With any hope, for the millions of American’s worried about whether or not they’ll be able to keep their health insurance and if their medication will still be covered, this will never be allowed to pass.
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