CBO score on House health care bill: Here's why it matters

CBO score on House health care bill: Here's why it matters

CBO score on House health care bill: Here's why it matters

In addition, the AHCA penalty, which is based on a plan's premium, would likely have a greater impact on older people, whose premiums are relatively higher, and on those with lower incomes, says Sara Collins, a vice president at the Commonwealth Fund, who authored an analysis of the impact of the penalties.

But the reasons health insurance would be less expensive for some aren't much to cheer about, the budget report makes clear. It could actually discourage people from getting back into the market unless they're sick.

And access to affordable birth control is under heightened threat since the the House of Representatives passed the American Health Care Act (AHCA), which would end the Affordable Care Act's guarantee of no-copay birth control and other women's health care.

But in late April, House leaders rushed to vote on the bill less than 24 hours after making significant modifications, without waiting for the budget office to study how those changes might affect insurance coverage or the federal deficit.

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■ The bill encourages people to maintain "continuous coverage" by requiring insurers to impose a 30 percent surcharge on premiums for those who experience a gap in coverage.

The $808 billion in Exchange subsidies now provided to middle class families to subsidize the purchase of their health insurance on an ACA Exchange are radically cut in this bill and these monies are shifted to the wealthiest 1% and corporations in the form of an $800 billion tax cut. Here's the issue: In order to use a process known as reconciliation in the Senate, which allows a bill to be approved with just 51 votes, the AHCA has to save $2 billion over the next decade. But reconciliation bills must meet several conditions and one of those is that they may not cause higher deficits.

The announcement came in anticipation of the Congressional Budget Office (CBO) score for the legislation, which is due to come out on Wednesday. It said the House bill would cut ax $1.4 billion in federal Medicaid funding for MA by 2022.

The Affordable Care Act, President Barack Obama's signature domestic policy achievement, brought the number of Americans without insurance to a record low.

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But as the payments to insurers-worth roughly $7 billion this year-stay tied up in lawsuits and political battles, the health insurance industry is left to gamble on whether they can afford to participate in public healthcare exchanges. It also forced some people, particularly those whose relatively good health once gave them access to cheap coverage, to pay substantially higher premiums. Medicaid expansion. Why would we get rid of those? Specifically, Hatch called for feedback on taxes, health savings accounts, Medicaid, and tax credits.

The House bill would do that, and now it's up to the Senate to consider, modify or rewrite that legislation.

If the Senate can get the votes they need for this bill, said Larson, McConnell and House Speaker Paul Ryan will appoint a conference committee, which will include Democratic representation. After this provision phases out, there will be no programming to help keep individuals well. "We can not let rising costs become the new standard and that is why we are diligently working to repeal and replace Obamacare to provide the American people the affordable healthcare they want".

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