CBO: Millions to Lose Coverage Next Year With TrumpCare
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(NEWSER) – Nonpartisan analysts project that 14 million people would lose coverage next year under the House bill dismantling former President Barack Obama’s healthcare law, the AP reports.
The estimate is a blow to Republicans. Monday’s estimate by the Congressional Budget Office says there would be 24 million more people uninsured by 2026 than under current law.
The projections give fuel to opponents who warn the measure would toss millions of voters off insurance plans. Criticism has come from Democrats, Republicans from states that benefit from Obama’s law, and many corners of the healthcare industry. President Donald Trump backs the GOP plan.
Republican leaders have said their aim is to lower costs. They say coverage statistics are misleading because many people covered under Obama’s law have high out-of-pocket costs that make healthcare unaffordable.
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