CBO Confirms: Senate Health Care Bill Just as Cruel as House Version - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 30, 2017 Newswires
Share
Share
Post
Email

CBO Confirms: Senate Health Care Bill Just as Cruel as House Version

Targeted News Service (Press Releases)

BISMARCK, N.D., June 29 -- The North Dakota Democratic-NPL Party issued the following news release:

The nonpartisan Congressional Budget Office today released its official analysis of the Senate Republican health care bill, showing that the legislation is just as cruel, if not crueler, than the version passed by the House.

"It didn't seem possible, but judging from today's CBO report, the Senate plan to strip health care from millions of Americans might be even meaner than the House version," said Democratic-NPL executive director Robert Haider. "This bill would increase costs and reduce the quality of care for working North Dakotans, those living in rural communities, senior citizens and hundreds of thousands of our friends, family members and neighbors who are living with pre-existing conditions. Meanwhile, it would give tax breaks to high-income earners and those who don't need another handout from the government. There's only one way to describe these impacts: cruel."

22 million more uninsured Americans:

According to the CBO, the Senate Republican health care bill would result in 22 million additional Americans losing health coverage (compared to 23 million who would lose coverage under the House version), including 15 million who would lose coverage as soon as next year.

Losses in health coverage wouldn't just impact those who purchase insurance on the private market: Next year alone, four million Americans with employer-sponsored insurance would also lose their coverage under the Senate bill

Huge premium increases:

Under the legislation, lower-income Americans would be forced to pay more for skimpier health coverage and costs for older, moderate-income Americans would skyrocket; an average, 64-year-old with an income of $56,000 could expect to see their premiums increase from $6,800 under current law to $20,500 under the Senate bill.

Cuts $770 billion from Medicaid:

Like the House version, the Senate Republican health care bill effectively ends Medicaid expansion, and imposes severe cuts to traditional Medicaid funding. The bill eliminates a total of $772 billion or 26 percent of Medicaid funding, resulting in 15 million fewer Americans covered under the program.

This would be especially devastating to rural states like North Dakota where hospitals in remote communities rely on Medicaid funding to keep their doors open and over 90,000 North Dakotans, including 36,000 children, have access to health care through Medicaid.

Older

Vermont Attorney General Launches ‘VT Scam Alert’ System

Newer

PCI Continues to Strengthen Advocacy Team; Hires Former Treasury, FSOC Official

Advisor News

  • GDP growth to rebound in 2027-2029; markets to see more volatility in 2026
  • Health-related costs are the greatest threat to retirement security
  • Social Security literacy is crucial for advisors
  • The $25T market opportunity in mid-market and mass-affluent households
  • Advisors must lead the policy risk conversation
More Advisor News

Annuity News

  • MetLife to Announce First Quarter 2026 Results
  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
More Annuity News

Health/Employee Benefits News

  • Virginia insurance regulators order Aflac rate cuts
  • Providers wait for hundreds of millions in delayed Medicaid payments
  • CMS RELEASES GUIDANCE ON LIMITS TO MEDICAID, CHIP FUNDING FOR CERTAIN NONCITIZENS
  • HOUSE HEALTH PANEL TAKES NO ACTION ON BILL TO MANDATE COVERAGE FOR INFERTILITY TREATMENT
  • ST. LOUIS COUNTY FOSSIL COMPANY OPERATOR ACCUSED OF DISABILITY FRAUD
More Health/Employee Benefits News

Life Insurance News

  • AM Best Maintains Under Review With Positive Implications Status for The Fortegra Group, Inc.’s Insurance Subsidiaries
  • Life insurance application activity sees record-breaking Q1
  • Virginia insurance regulators order Aflac rate cuts
  • ATTORNEY GENERAL MAYES ANNOUNCES PRISON SENTENCES IN FRAUDULENT LIFE INSURANCE SCHEME TARGETING VULNERABLE ARIZONANS
  • Virginia orders rate cuts for 16 Aflac policies
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet