GOP Healthcare Plan Gets Negative Forecast from CBO

March 14, 2017

 

 

Here’s some bad news for GOP Republicans who want to push for their new health insurance plan to replace Obamacare: the Congressional Budget Office (CBO) — a non-partisan federal agency that provides budget and economic information to members of Congress — has put out a negative forecast.

 

The CBO says they forecast with the new GOP plan, within 10 years, *[an additional] 24 million Americans will have no health insurance, starting with 14 million without insurance next year. 

 

The CBO said the federal government would be able to reduce it’s budget deficit by $337 billion. 

 

They predict insurance costs would increase at first by 20%, but eventually become cheaper at 10% below current costs. 

 

The Trump administration say they disagree with the projections by the CBO and that they didn’t look at the other strategies they have to reduce costs and give more people insurance. 

 

Bernie Sanders said the new insurance plan was “disgusting and immoral” — saying  Republicans want to throw 24 million people off health insurance, raise premiums for older people, and provide $285 billion in tax breaks for the top 2%.

 

This report has put more pressure on the new GOP insurance plan — because there are centrist Republicans who worry that many Americans will lose their insurance, and conservative Republicans who think the new GOP plan is too much like Obamacare. 

 

So it is a battle on several fronts — with the majority of Democrats against any repeal/replacement of Obamacare.

*Emphasis added in transcript for clarification 

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