Sunday, May 28, 2017

CBO Report on TRUMPCARE: Here's What You Need To Know

Chip Somodevilla/Getty Images
On Wednesday, the Congressional Budget Office released its long-awaited review of the American Health Care Act, the Obamacare quasi-replacement passed several weeks ago and celebrated with a ceremony on the White House lawn. There were several key findings, most of them negative for the bill. There were also several major errors in the production of the report which will be ignored by the mainstream media.
Here’s what you need to know.
1. The Number Of Insured Would Drop By 23 Million. First off, it’s important to know that the CBO is measuring its estimated number of insured against the flawed March 2016 estimates; as Phil Kerpen points out, the CBO itself “acknowledged” that they were off by 5 million people in that estimate.
It’s also worthwhile noting here that the number of uninsured would grow because most people would stop buying insurance without the threat of government fine; the study also considers those who buy certain types of catastrophic insurance “uninsured.” Still, the CBO estimates that by 2026, “an estimated 51 million people under age 65 would be uninsured.”
2. The AHCA Would Lower The Deficit. According to the CBO:
[O]ver the 2017-2026 period, enacting H.R. 1628 would reduce direct spending by $1,111 billion and reduce revenues by $992 billion, for a net reduction of $119 billion in the deficit over that period. The provisions dealing with health insurance coverage would reduce the deficit, on net, by $783 billion; the noncoverage provisions would increase the deficit by $664 billion, mostly by reducing revenues.
In short, the government would spend less money on Medicaid grants, but the spending to reduce premiums would count against those savings, as well as loss of revenue from fines (good) and repeal of taxes (also good).
Read the rest from Ben Shapiro HERE.

If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.

No comments: