The nonpartisan Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) have scored the American Health Care Act of 2017 – or “Trumpcare” – as passed by the House of Representatives.
The analysis suggests that 14 million people would lose health coverage in the next year, a figure that would rise to a staggering 23 million by 2026. The CBO’s findings are a huge blow to Republicans hoping to capitalize on momentum from the House of Representatives passing their version of the bill.
This version of the bill would ultimately result in 51 million people under the age of 65 being uninsured by 2026, as opposed to 28 million under Obamacare.
Despite Trump’s promises to the contrary, Medicaid is also on the chopping block. Per The AP, Medicaid spending would fall from two percent of the economy to 1.7 percent in 2027 due to Trumpcare reductions.
According to CBO estimates, in states that do request a waiver to opt out of a requirement obligating insurance companies to cover pre-existing conditions, net premiums for low-income elderly enrollees would go up from $1,700 to $13,600 on average, an 800% increase.
The CBO score also shows the bill falling short on its federal deficit reduction predictions. While an earlier version of the bill projected $150 billion in savings, this version would reduce the federal deficit by only $119 billion. Furthermore, much of the deficit reduction comes at the expense of massive cuts to Medicaid.
While the Senate had already decided to write their own version of the bill regardless of the outcome of the Congressional Budget Office, Senate Majority Leader Mitch McConnell sounded increasingly uncertain today about the bill’s chances.
“I don’t know how we get to 50 at the moment,” he said.
This wildly unpopular bill, coupled with even the Senate’s reluctance to back this politically suicidal effort, does not bode well for the future of Trumpcare.
Brian Tyler Cohen is a political writer, actor, and comedy sketch director. He graduated from Lehigh University with a dual degree in English and Business. He currently lives in Los Angeles.