Rep. Cummings Condemns GOP Health Repeal Bill After CBO Report
"This Republican bill is not healthcare legislation--it's an annihilation. Fourteen million people will have their healthcare wiped out if
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"In 013, Trump tweeted: "When I say I would end Obamacare, I would also come up with a plan that would be far better, much easier to understand, and cost less!
"When he launched his campaign in
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"Yet, today's CBO estimate shows the devastating impact that the GOP American Health Care Act would have on our system of health care. The legislation would increase the number of uninsured by 14 million in 2018, rising to 21 million in 2020 and 24 million in 2026. In total, CBO estimates that 52 million would be uninsured in 2026, compared with 28 million under current law.
"CBO estimates that by 2026, 14 million
"For those in the private insurance market, CBO suggests that new tax credits for low-income people would be smaller than under current law, though individuals with higher incomes would see larger credits under the
"The value of coverage would also decrease with the repeal of actuarial value requirements. CBO finds that this would lead insurers to offer cheaper, less robust options that appeal to young, healthy people, segregating individuals with complex, high-cost needs.
"Finally, CBO finds that fewer employers would offer health insurance due to the repeal of the employer mandate.
"Taken together, these changes have devastating impacts on recent efforts to make insurance affordable and accessible for all people, particularly those with low incomes or chronic conditions. These changes have the potential to undermine the private insurance market and erase recent gains in coverage."
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Sen. Wyden Issues Statement on CBO Score of Trumpcare
AOA Does Not Support American Health Care Act in Current Form
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