CBO: GOP ObamaCare Replacement Would Result in Millions More Uninsured
The Congressional Budget Office (CBO) on Monday projected that the number of uninsured people would grow by 14 million in 2018 under the Republican ObamaCare replacement bill, with that number rising to 24 million in a decade.
It also found that by 2026, 52 million would be uninsured.
The long-awaited analysis from the nonpartisan congressional scorekeeper is likely to shake up the debate in Congress over the measure, which could come up for a vote in the House next week.
The estimate of the drop in coverage is larger than even many analysts had predicted.
The CBO report, compiled along with staff of the Joint Committee on Taxation, determined that the Republicans’ American Health Care Act also would save money for taxpayers.
According to the study, it would reduce federal deficits by $337 billion from 2017 to 2026.
Health and Human Services Secretary Tom Price and Office of Management and Budget Director Mick Mulvaney held a press conference Monday afternoon to respond to the CBO scoring of the American Health Care Act.
Price said that they “disagree strenuously” with the CBO's findings.
"We believe that our plan will cover more individuals at a lower cost and give them the choices that they want for the coverage that they want for themselves and their family, not that the government forces them to buy," he said.