The CBO: What does the CBO say about the Senate Healthcare Bill? (Part 3)

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What did the CBO conclude about the Senate Healthcare Bill?

1. The Bill will reduce the federal deficit by $321 billion over the next 10 years
2. 22 million Americans will be uninsured by 2026

Source: FiveThirtyEight

3. There will be 15 million fewer people enrolled in Medicaid by 2026
4. Premiums will rise 280% for the elderly and the poor
5. A principal complaint against the Affordable Care Act is it penalizes those who do not purchase health insurance. Republicans complained that the ACA forced people to buy something they didn’t want. There is a version of that penalty in both the Republican House and Senate bills. Here is how FiveThirtyEight describes it:

Penalizing those who went without insurance for more than 63 days by imposing a six-month waiting period before they can get coverage in a new plan. All three systems — the ACA, the House bill and the Senate bill — seek to punish those who don’t have insurance in order to discourage people from buying health insurance only after they have gotten sick and to make sure that relatively healthy people get insurance, which helps keep insurers’ costs down. The ACA does this through the so-called individual mandate, which charges a tax penalty to people who don’t have health insurance. The House bill would have done it by allowing insurers to impose a 30 percent surcharge on premiums for people who had gone without coverage for 63 days or more in the previous year.

Once again, this bill is a colossal failure.

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