Republican healthcare plan: 24 million people could lose coverage, CBO reports

Nonpartisan budget office says replacement for Affordable Care Act would leave millions uninsured but reduce federal deficit by $337bn in first 10 years

As many as 24 million Americans risk losing health coverage over the next decade under the Republican plan to replace the Affordable Care Act, popularly known as Obamacare, the nonpartisan Congressional Budget Office said on Monday.

The report predicts a dramatic loss of healthcare coverage over the next decade if Congress enacts the Republican healthcare proposal, which has faced criticism from across the political spectrum and from nearly every sector of the healthcare industry.

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More Guns, Less Medicine: Trump’s Military Spending Binge Would Swamp Savings From Health Care Repeal

The Congressional Budget Office (CBO) released its analysis of the American Health Care Act (AHCA) on Monday, finding that the Trump-backed House Republican bill that seeks to repeal and replace Obamacare would save the federal government $337 billion over 10 years — at the cost of throwing 24 million people off of health insurance coverage by 2026.

But those theoretical savings would be more than wiped out by an also theoretical increase in military spending that President Trump wants Congress to pass.

Shortly after the release of the CBO report, House Speaker Paul Ryan put out a statement embracing its findings, claiming among other things that it found that the AHCA would “dramatically reduce the deficit.”

Yet Ryan has offered no objections to Trump’s request for an additional $54 billion in annual military spending in this coming year. The increase alone amounts to 80 percent of Russia’s current military spending; it would make the United States responsible for almost 40 percent of global military expenditures.

Assuming that the Trump administration set the new amount as a baseline going forward, over 10 years it would amount to $540 billion in additional spending. This eclipses the $337 billion that would ostensibly be saved were the AHCA to pass in its current form and remain in place.

And the CBO also finds that the vast majority of savings from the law will come after 2020, when the Medicaid expansion is rolled back. In fact, it wold add $56 billion to the deficit in its first three years:

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Congressional Budget Office

The reason the AHCA doesn’t save more is because it also includes a $600 billion tax cut, most of it aimed at benefiting wealthier taxpayers, by paring back taxes used to support the Affordable Care Act.

AHCA’s impact on the federal budget deficit is hardly the whole picture, of course. The CBO estimates that 14 million people would lose health insurance coverage in its first year. The cost of health insurance premiums would go up for many. The CBO notes, for example, that someone 64 years old earning $26,500 a year would see their net premiums increase from $1,700 annually to $14,600:

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Congressional Budget Office

President Trump can offer any number of justification for hiking military spending while embracing a health care bill that would throw tens of millions off of health insurance. But he just can’t claim to care about the deficit.

Top photo: Activists stage a rally and “die-in” in opposition to the repeal of the Affordable Care Act (ACA) and its replacement by Republican-authored legislation currently under proposal in the US House of Representatives on March 11, 2017 in New York’s Brooklyn borough.

The post More Guns, Less Medicine: Trump’s Military Spending Binge Would Swamp Savings From Health Care Repeal appeared first on The Intercept.

Spicer: Trump ‘wiretapping’ claims about general surveillance – video

The White House press secretary, Sean Spicer, told reporters in his daily briefing on Monday that when Donald Trump accused Barack Obama of ‘wiretapping’ his offices, he was referring to surveillance more broadly, rather than just recording phone calls. Spicer said there had been ‘numerous reports … that seem to indicate’ that surveillance operations had taken place during the election

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Healthcare horror show: CBO dissects GOP plan

Got a minute? 24 million would drop from insurance rolls … dive in Medicaid … big tax credits for rich … damning Congressional Budget Office report… and everything else today in US politics. By Tom McCarthy

9.40pm GMT

The nonpartisan Congressional Budget Office released a devastating report on the Republican healthcare bill, saying the plan would eject 24 million people from health insurance rolls by 2026, compared with the status quo.

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9.40pm GMT

The CBO report found that the Republican plan, expected to come up for a House vote next week, would lead to a reduction of $880bn in federal outlays for Medicaid. Federal deficits were projected to shrink, however.

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