Congressional report shows how premiums could change under 'Trumpcare'


That 10-year figure is slightly less than originally estimated.

Knight's office did not respond to The Signal's request for comment on the budget office's report.

Senate Majority Leader Mitch McConnell, R-Ky., downplayed the report Wednesday as "a technical procedural step".

"I don't know how we get to 50 (votes) at the moment", he said. "But that's the goal".

"The CBO was wrong when they analyzed Obamacare's effect on cost and coverage", he said of the agency's report on Obama's law, "and they are wrong again". Again, with such a small margin for error, not having any Democratic votes make life hard for the GOP. It received less attention than the Congressional Budget Office's report on the bill's cost and coverage impact, which came out at the same time.

$125.7 billion from lowering the income percentage threshold from 10% to 5.8% for deducting medical expenses; this was created to give Senate Republicans budgetary room to sweeten premium tax credits for older consumers. "Prices are skyrocketing, choice is plummeting, the marketplace is collapsing and countless more Americans will get hurt if we don't act".

"Services or benefits likely to be excluded from [essential health benefits] in some states include maternity care, mental health and substance abuse benefits, rehabilitative and habilitative services, and pediatric dental benefits", the report said.

Democrats have defended Obama's law for expanding coverage and requiring insurers to provide stronger benefits. The insurer lost more than $100 million in 2016 selling individual policies under the law, said Danette Wilson, the company's chief executive. "We have a responsibility to our members and the greater community to remain stable and secure, and the uncertain direction of the market is a barrier to our continued participation". The company's departure could leave 25 counties without an insurer, said Cynthia Cox, a researcher at the Kaiser Family Foundation.

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The Republican plan would roll back the requirement under the Affordable Care Act, also known as Obamacare, that everybody has to have insurance. "Unless you're a healthy millionaire, Trumpcare is a nightmare", said Senate Minority Leader Chuck Schumer, D-N.Y.

But not all Republicans are happy with the score. That action, he said, was reckless - "like test-driving a brand-new vehicle three weeks after you've already signed on the dotted line and paid the dealer in full". "Just the opposite occurs" under the GOP bill the House approved this month, said No. 2 Senate Democratic leader Richard Durbin of IL. "The bill throws a one-two punch-stripping 23 million people of their insurance and applying skyrocketing premiums to others, particularly those who can least afford it". It also would replace the ACA's income-based tax credits and subsidies with age-based credits that most analysts say are less generous. The GOP bill would also reduce the deficit by $119billion over 10 years.

Senate Democrats on Wednesday seized on a new projection that 23 million more Americans would be uninsured under the House GOP's Obamacare repeal to hammer the Republican senators now crafting their own plan.

Collins says the bill would "allow more Americans to obtain health insurance, preserve significant consumer protections, and help moderate the cost of health care". In their rush to push the bill through the chamber, Republicans did not wait for a revised report from the CBO.

The Medicaid provisions of the bill will finally get some serious scrutiny in the Senate, where the speed in shutting down the Affordable Care Act's Medicaid expansion is of great interest to senators - including 20 Republicans - who represent states that exercised that option.

He said the proposal, which is now in the hands of the Senate, would eliminate the Prevention and Public Health Fund, which helps promote immunization, smoking cessation and other public health initiatives and makes up 12 percent of the budget of the Centers for Disease Control and Prevention.

Democrats cited the analysis as further evidence that the GOP effort to repeal Obama's 2010 law, a staple of Donald Trump's presidential campaign and those of numerous Republican congressional candidates for years, would be destructive.