Congress analyst millions to lose coverage under gop bill #
You're referring to the recent controversy surrounding the proposed changes to the Affordable Care Act (ACA) by the Republican-led Congress.
According to various reports, the Congressional Budget Office (CBO) estimates that millions of Americans could lose health insurance coverage under the proposed bill, known as the American Health Care Act (AHCA). The CBO analysis suggests that:
- 24 million people could lose coverage by 2026, compared to the current law, due to a combination of factors, including:
- Repealing the individual mandate, which would lead to a significant increase in the number of uninsured individuals.
- Reducing the Medicaid expansion, which would result in millions of low-income individuals losing coverage.
- Phasing out the cost-sharing reduction subsidies, which would increase out-of-pocket costs for many Americans.
- Many people with pre-existing conditions could face higher costs or lose coverage due to the bill's changes to the individual market, including:
- Allowing states to opt out of essential health benefits, which could lead to higher costs for individuals with pre-existing conditions.
- Reducing funding for the risk corridor program, which helps stabilize the individual market and protect consumers with pre-existing conditions.
These estimates have been widely reported and have sparked significant controversy, with many critics arguing that the bill would disproportionately harm vulnerable populations, such as low-income individuals, the elderly, and those with pre-existing conditions.
It's worth noting that the CBO's estimates are based on complex modeling and assumptions, and some critics have argued that the agency's projections may be overly pessimistic. However, the CBO's analysis has been widely cited and has contributed to the ongoing debate surrounding the proposed changes to the ACA.