Budget Office says GOP healthcare bill would toss 22 million off insurance

Senate Minority Leader Charles E. Schumer (D-NY) said Monday afternoon that the legislation cannot stand after release of the CBO report.

Jason Spencer | Jun 28, 2017

The Congressional Budget Office (CBO) said Monday that under the Republican Senate's healthcare plan, 22 million people would lose their health insurance over the next 10 years.

The CBO's 49-page report is likely to make it more difficult for Senate Majority Leader Mitch McConnell to get the votes he needs to pass the measure.

Four conservative GOP senators Ted Cruz (Tex.), Rand Paul (Kentucky), Ron Johnson (Wis.), and Mike Lee (Utah) have said the legislation does not do enough to repeal Obamacare, while some moderate Republicans Senators Dean Heller (Nev.), Rob Portman (Ohio), and Bill Cassidy (La.) want more funding, according to a report by The Washington Post.

Compared to the House version, the Senate bill would further increase the number of uninsured and would more greatly reduce federal subsidies for those who purchase individual health insurance policies.

"The amount of federal revenues collected and the amount of spending on Medicaid would almost surely both be lower than under current law," the report says. "And the number of uninsured people under this legislation would almost surely be greater than under current law."

Senate Minority Leader Charles E. Schumer (D-NY) said Monday afternoon that the legislation cannot stand after release of the CBO report.

"Republicans would be wise to read it as a giant stop sign," Schumer told reporters, according to the Post. "No matter how the bill changes around the edges, it is fundamentally rotten to the core."

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