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CBO: Lower Deficit, More Uninsured Under House Health Plan

The House Republican leadership’s legislation to partially repeal and replace the 2010 health care law would reduce the deficit by $337 billion over a decade while increasing the number of uninsured by 24 million people in 2026, the Congressional Budget Office estimated Monday. The nonpartisan budget scorekeepers predicted that under the House GOP plan -- which was scheduled for consideration by the House Budget Committee on Wednesday and would be packaged as a reconciliation bill that would only require a majority to pass in the Senate --  the biggest savings would come as a result of decreased funding to Medicaid and cutting off subsidies for individuals to purchase insurance on the health care exchanges. It would also lower average premiums enough to stabilize the individual health insurance market, according to the “score” of the legislation. CBO, working with the Joint Committee on Taxation, estimated that by 2018, 14 million more people would uninsured than under current law. That figure would rise under the proposed legislation to more than 24 million by 2026. Compared to estimates of current law, that would translate to more than 52 million Americans without health insurance by that year. 

 

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