Wednesday, May 24, 2017

CBO Scores The Republican TrumpCare 2.0 Bill (UPDATED)



Surprise!  TrumpCare 2.0 is as awful as the one that failed the first time around:
Twenty-three million fewer Americans would have insurance under legislation that House Republicans narrowly passed last month, the Congressional Budget Office reported on Wednesday.
The agency also predicted the deficit would come down by $119 billion over the next decade ― and that premiums for people buying insurance on their own would be relatively lower than those premiums would be if the Affordable Care Act stays in place.
But the reasons health insurance would be less expensive for some aren’t much to cheer about, the budget report makes clear. Prices would come down for healthy people because those who are sick or have illness in their medical histories would have less access to coverage ― and the policies available on the market would tend to be a lot less comprehensive.
In other words, the price for lower premiums would be some combination of higher out-of-pocket costs, fewer covered services, and coverage that would be harder to get for the people who need it most.  [snip]
Most of the money saved by cutting hundreds of billions of dollars from Medicaid and billions more from financial assistance for those buying private health insurance will be transferred to wealthy households and health care companies in the form of tax cuts, with a small amount left over for deficit reduction(our emphasis)
The House Republican leadership was awaiting the scoring of this bill (misnamed the "American Health Care Act" -- it's really the "American Tax Cuts For The Wealthy And Screw You Act") before formally sending it to the Senate, where a group of 13 Republican white males are already diligently at work on their own approach to afflicting the afflicted. Fortunately, they face a difficult road ahead. Each, in our own way, should make it as difficult as possible.

UPDATE:  Here's the impact on the uninsured rate in graph form (click on images to enlarge) --



Other goodies from the Republicans --