The final version of the American Health Care Act, which House Republicans passed as their replacement for Obamacare, is now estimated to reduce the deficit by $119 billion from 2017 to 2026, according to the Congressional Budget Office.
The budget office scoring of the original legislation released on March 13 projected that the bill would reduce the deficit by $337 billion from 2017 to 2026, increase the number of uninsured by 14 million people, and reduce premiums by 10 percent by 2026.
The amended legislation would increase the number of individuals with health insurance and would lower premiums.
“In comparison with the estimates for the previous version of the act, under the House-passed act, the number of people with health insurance would, by CBO and [Joint Committee on Taxation]’s estimates, be slightly higher and average premiums for insurance purchased individually—that is, nongroup insurance—would be lower, in part because the insurance, on average, would pay for a smaller proportion of health care costs,” the budget office said.
The Reopen America Back to School Special is now live! Earn double Patriot Points on our hottest items!