Congressional Budget Office Scores Health Reform Bill Passed by the House
Recently, the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) released its projection on the cost of reforming the Affordable Care Act (ACA) with the House-passed H.R. 1628, the American Health Care Act (AHCA). CBO and JCT estimate that enacting that version of H.R. 1628 would reduce the cumulative federal deficit over the 2017-2026 period by $119 billion.
CBO and JCT also estimate that, in 2018, 14 million more people would be uninsured under H.R.1628 than under current law. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 23 million in 2026. In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law. Under the legislation, a few million of those people would have to use tax credits to purchase policies that would not cover major medical risks.
The Senate is beginning its process of making changes to the House-passed bill. There may be some movement on this bill later this summer.
By Patrick Cooney, The Federal Group, Inc.
Legislative Representative, Dental Trade Alliance