The Latest: Budget chief says CBO is wrong on health care - 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
March 14, 2017 Newswires
Share
Share
Post
Email

The Latest: Budget chief says CBO is wrong on health care

Associated Press

WASHINGTON (AP) — The Latest on the Republican plan for health care (all times local):

8:15 a.m.

White House budget chief Mick Mulvaney says he doesn't trust the Congressional Budget Office's prediction that 14 million Americans will lose health care insurance in the next year under the Republican plan.

In interviews Tuesday on MSNBC and Fox News "Fox & Friends," Mulvaney noted that the CBO was wrong in estimating coverage under former President Barack Obama's plan. Mulvaney said the office is wrong now too.

He said, "I don't believe the facts are correct." Mulvaney said the CBO is "really good at counting numbers but maybe not that good about counting coverage."

CBO had predicted 23 million people would enroll in online marketplaces when Obama's law was enacted but the actual number was 12 million, largely because it overestimated how the individual mandate would prompt people to buy coverage.

8:15 a.m.

New York Governor Andrew Cuomo, a Democrat, says the Republican health care plan could be "devastating" to state budgets.

Cuomo told MSNBC on Tuesday that he is concerned about the plan to dramatically reduce Medicaid funding. CBO says the plan would reduce budget deficits by $337 billion over a decade. The largest savings would come from reductions for Medicaid, the federal-state health care program for low-income Americans, and elimination of Obama's subsidies for individuals buying coverage.

Cuomo says he's heard "rumors" that the GOP plan could cut as much as $3 billion for a state like New York. He says, "I can't make up $3 billion dollars. It would wreak havoc on the state."

3:45 a.m.

Critics of GOP health care legislation have gotten fresh ammunition from a report that says the bill would increase the ranks of the uninsured by 14 million people next year alone, and 24 million over a decade.

The findings from the nonpartisan Congressional Budget Office could make prospects for the legislation backed by President Donald Trump even tougher, with a few House and Senate conservatives already in open revolt and moderate Republicans queasy about big cuts to the Medicaid safety net for the poor.

But the bill's supporters at the White House and Capitol Hill show no sign of retreat. Instead, they are attacking the parts of the CBO report they didn't like while touting the more favorable findings, including smaller deficits from their bill and lower premiums over time.

Newer

Combine Solicitation – 65– Gastrointestinal Endoscopes and Bronchoscopes (Brand name or equal)

Advisor News

  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
  • Embracing a family-centric approach to financial planning
  • Family communication: Financial planning’s growing blind spot
  • Americans aren’t turning retirement plans into action, LIMRA finds
More Advisor News

Annuity News

  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
  • California teachers settle class-action lawsuit over in-plan annuity fees
  • Jackson Financial CEO caps 40-year career with blockbuster Q2
More Annuity News

Health/Employee Benefits News

  • Idaho lawmakers look into a hospital insurance dispute
  • Manatee County man faces felony charge after $34k disability fraud, deputies say
  • ‘You’ll never get that information’: Inside the brutal PBM exam process
  • Cuts to healthcare access harm us all
  • Arizona, others sue feds over rule many say cuts health care costs
More Health/Employee Benefits News

Life Insurance News

  • Symetra Named to PEOPLE® Companies That Care™ List for Second Consecutive Year
  • LIMRA: Individual life sales continue growth trend in Q2, led by whole life and VUL
  • New York Life Awards 20 Golden Futures Scholarships, Expanding Student Support Through Financial Education and Career Development
  • Built to Last: Winston-Salem—a quiet industrial powerhouse
  • The silver economy ushers in a new era of life insurance growth
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
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