Cebu_4_2
24th May 2017, 02:07 PM
House-approved health care bill to cut deficit, cause 23 million to lose coverage
By Brittany De Lea (http://www.foxbusiness.com/person/d/brittany-de-lea.html) Published May 24, 2017 Health Care (http://www.foxbusiness.com/category/industries/health-care.html) FOXBusiness (http://www.foxbusiness.com/index.html)
http://a57.foxnews.com/images.foxnews.com/content/fox-business/politics/2017/05/24/house-approved-health-care-bill-to-cut-deficit-cause-23-million-to-lose-coverage/_jcr_content/par/featured-media/media-0.img.jpg/932/470/1495658637257.jpg?ve=1&tl=1
House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas, left, and House Energy and Commerce Committee Chairman Rep. Greg Walden, R-Ore., meet with reporters on Capitol Hill in Washington, Tuesday, March 7, 2017, as House Republicans ... (AP)
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The Congressional Budget Office said Wednesday the GOP’s revised effort to repeal and replace the Affordable Care Act will reduce the federal deficit by $119 billion and cause 23 million people to lose insurance coverage over the course of the next decade.
The report predicts the overall number of uninsured Americans under the American Health Care Act in 2026 would total 51 million, compared with an estimated 26 million under a continuation of the Affordable Care Act.
The initial health care bill, as scored by the CBO in March, would have shaved $337 billion off of the federal deficit while leaving 24 million additional individuals uninsured through 2026.
One of the biggest changes made to the bill came in the form of the MacArthur Amendment, credited with garnering the support of members belonging to the House Freedom Caucus. This provision allows state governments to apply for waivers to opt out of “essential health benefits,” so long as the state can prove that the exemption will produce results meeting certain criteria. The amendment also provides an extra $8 billion to states who opt out of pre-existing conditions coverage to set up high-risk pools.
Democrats criticized what they viewed as the GOP’s effort to rush the American Health Care Act through the U.S. House of Representatives earlier this month, before it had been properly vetted by the CBO. The CBO’s original predictions contributed to the botched rollout of the initial bill, which was pulled before even reaching the House floor due to lack of support. New negative figures could provide Democrats with more ammunition to campaign against the effort as the GOP looks to send the bill to the Senate for amendments.
By Brittany De Lea (http://www.foxbusiness.com/person/d/brittany-de-lea.html) Published May 24, 2017 Health Care (http://www.foxbusiness.com/category/industries/health-care.html) FOXBusiness (http://www.foxbusiness.com/index.html)
http://a57.foxnews.com/images.foxnews.com/content/fox-business/politics/2017/05/24/house-approved-health-care-bill-to-cut-deficit-cause-23-million-to-lose-coverage/_jcr_content/par/featured-media/media-0.img.jpg/932/470/1495658637257.jpg?ve=1&tl=1
House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas, left, and House Energy and Commerce Committee Chairman Rep. Greg Walden, R-Ore., meet with reporters on Capitol Hill in Washington, Tuesday, March 7, 2017, as House Republicans ... (AP)
Expand (http://www.foxbusiness.com/politics/2017/05/24/house-approved-health-care-bill-to-cut-deficit-cause-23-million-to-lose-coverage.html#)
The Congressional Budget Office said Wednesday the GOP’s revised effort to repeal and replace the Affordable Care Act will reduce the federal deficit by $119 billion and cause 23 million people to lose insurance coverage over the course of the next decade.
The report predicts the overall number of uninsured Americans under the American Health Care Act in 2026 would total 51 million, compared with an estimated 26 million under a continuation of the Affordable Care Act.
The initial health care bill, as scored by the CBO in March, would have shaved $337 billion off of the federal deficit while leaving 24 million additional individuals uninsured through 2026.
One of the biggest changes made to the bill came in the form of the MacArthur Amendment, credited with garnering the support of members belonging to the House Freedom Caucus. This provision allows state governments to apply for waivers to opt out of “essential health benefits,” so long as the state can prove that the exemption will produce results meeting certain criteria. The amendment also provides an extra $8 billion to states who opt out of pre-existing conditions coverage to set up high-risk pools.
Democrats criticized what they viewed as the GOP’s effort to rush the American Health Care Act through the U.S. House of Representatives earlier this month, before it had been properly vetted by the CBO. The CBO’s original predictions contributed to the botched rollout of the initial bill, which was pulled before even reaching the House floor due to lack of support. New negative figures could provide Democrats with more ammunition to campaign against the effort as the GOP looks to send the bill to the Senate for amendments.