The CBO has debunked a key Republican talking point on the Senate health bill
AP Photo/Jared Wickerham
Since Senate Republicans released their healthcare bill, the Better Care Reconciliation Act, on Thursday, the Trump administration and Senate Republicans have argued that the bill would not make cuts to the government-run healthcare program.
Medicaid is a federal program that provides insurance primarily to pregnant women, single mothers, people with disabilities, and seniors with low incomes.
Under the Affordable Care Act, the law better known as Obamacare, Medicaid was expanded to those earning 138% of the federal poverty limit in states choosing to participate. Previously, the line was drawn at 100%.
"I have to strongly disagree with the characterization that we are somehow ending the Medicaid expansion. In fact, quite the contrary. The Senate bill will codify and make permanent the Medicaid expansion, and in fact we'll have the federal government pay the lion share of the cost," Senator Pat Toomey of Pennsylvania told Face The Nation on Sunday.
Despite Toomey's statement, the BCRA phases out the Medicaid expansion over several years beginning in 2021, with the idea that those who fall out of Medicaid eligibility will access coverage through the individual insurance market.
The CBO threw cold water on both the talking point that the BCRA doesn't end the expansion or cut Medicaid funding.
The CBO's analysis found that 22 million fewer people would have insurance under the bill by 2026. Cuts to Medicaid would reach $772 billion by 2026.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- BSE shares tank nearly 19% after Sebi directive on regulatory fee
- Nainital bucket list: 9 experiences you can't miss in 2024
- Sanju Samson likely to be India's first-choice wicketkeeper for T20 World Cup
- India Inc marks slowest quarterly revenue growth in January-March 2024: Crisil
- Nothing Phone (2a) India-exclusive Blue Edition launched starting at ₹19,999
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market