CBO Report: Preliminary Analysis of Legislation That Would Replace Subsidies for Health Care With Block Grants
“This nonpartisan analysis confirms what we already knew: this bill would be a disaster for millions of Americans,” said American Bridge spokesperson Andrew Bates. “Mitch McConnell should scrap his plans to move forward immediately and work in a bipartisan fashion to fix existing law – nothing else is acceptable.”
Key paragraphs from the CBO:
The number of people with comprehensive health insurance that covers high-cost medical events would be reduced by millions compared with the baseline projections for each year during the decade, CBO and JCT estimate.
[…]
CBO and JCT expect that, if this legislation was enacted, millions of additional people would be uninsured compared with CBO’s baseline projections each year over the 2018–2026 period. (Adopting a well-established definition, the agencies categorize people as uninsured if they are not covered by a policy or enrolled in a government program that provides financial protection from major medical risks.) That increase would stem mainly from lower enrollment […]
Read more after the jump.