Trumpcare would lower deficit, leave 14 million uninsured
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The health care reform bill recently approved by the U.S. House would reduce the federal deficit over a 10-year period by $119 billion, but would cause 14 million more people to be uninsured by 2018 than under current law, according to the Congressional Budget Office.
According to the new CBO score released on Wednesday, the largest savings over the period from 2017 to 2026, or $834 billion, would come from reduced Medicaid outlays to the states, a major source of worry among state officials in Massachusetts where 1.9 million people rely on publicly funded care.
The CBO and the Joint Committee on Taxation estimated that by 2026, an estimated 51 million people under age 65 would be uninsured under the American Health Care Act, compared with 28 million who would lack insurance that year under current law, known as the Affordable Care Act.
Congressman Joe Kennedy III said the CBO analysis had also found that coverage for pre-existing conditions in many states would no longer be guaranteed and the ban on lifetime limits would no longer apply to certain health benefits.
The House bill, which was narrowly approved and is awaiting Senate action, was praised following its passage by President Donald Trump.
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