27M uninsured under Senate health care bill

Cheryl Sanders
July 21, 2017

According to the agency's report, "many people with low income would not purchase any plan even if it had very low premiums-on net, after accounting for premium tax credits-CBO and JCT estimate".

Senate Majority Leader Mitch McConnell planned to hold a vote for a straight repeal of the Affordable Care Act next week after a bill to repeal and replace collapsed on Monday with the Republican party sharply divided.

In what is rapidly becoming a sort of Capitol Hill tradition, the Congressional Budget Office on Thursday released yet another analysis of the impact a Republican plan to repeal and replace the Affordable Care Act, reporting that it would save the government money while dramatically reducing the number of Americans who have health insurance, and lowering the quality of that insurance for millions of others.

The 27 million uninsured in 2020 is 10 million more than the 22 million now uninsured, who would not be covered by an initial Senate Republican bill. It would also reduce average premiums in the Obamacare exchanges by 25 percent in 2026, as opposed to the last version's 20 percent. This would extend to three-quarters of the population by 2026. And for someone who earns $26,500, the deductible is only about $800.

The CBO concluded all of this without even considering one of the most destructive ideas that could find its way into any final legislation, an amendment pushed by Sen. Though premiums for those plans would be lower for some people, they would also come with far higher deductibles that would make insurance virtually unusable for many. Ted Cruz (R-Tex.) .

That amendment could still be added to this bill later, and it would likely change these latest headline numbers - potentially in a big way.

"Regretfully, it is now apparent that the effort to repeal and immediately replace the failure of Obamacare will not be successful".

The score comes a day after the CBO said a full repeal of Obamacare with no replacement - a plan Republicans quickly abandoned - would leave 32 million uninsured.

Other reports by iNewsToday