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The CBO says the Senate health reform bill would leave 22 million more people uninsured in 2026 compared to current law. That’s a slight improvement over the House bill which the CBO said would leave 23 million uninsured the same year. The CBO does note that the majority of this change next year would be the result of eliminating the penalty on not having insurance. From the CBO report: CBO and JCT estimate that, in 2018, 15 million more people would be uninsured under this legislation than under current law—primarily because the penalty for not having insurance would be...

Senate Republicans’ bill to erase major parts of the Affordable Care Act would cause an estimated 22 million more Americans to be uninsured in the coming decade — about 1 million fewer than similar legislation recently passed by the House, according to the Congressional Budget Office.

Some 22 million Americans could lose their health insurance over the next decade under a Senate bill to replace Obamacare, a congressional report says. However, the bill would reduce the budget deficit by a total of $321bn (£252bn) in 2017-2026, the non-partisan Congressional Budgetary Office said. Similar legislation passed by the House of Representatives was also said to be likely to leave millions uninsured. A number of Republicans have expressed reservations about the Senate plan. The draft legislation, unveiled last week, is unlikely to be approved by Democrats, who see it as cruel and unfair. President Donald Trump's Republican party...

Uncertainty Surrounding the Estimates The ways in which federal agencies, states, insurers, employers, individuals, doctors, hospitals, and other affected parties would respond to the changes made by the legislation are all difficult to predict, so the estimates discussed in this document are uncertain.

Debtor Nation: In its latest long-term budget outlook, the Congressional Budget Office warns that our budget is seriously out of whack and endangers our nation's future. While the report will likely be ignored in Washington by politicians who like spending your money, American taxpayers would be wise to heed its message. The CBO has its issues as a prognosticator, especially when it comes to "scoring" congressional bills. But its long-term forecast for the budget is the equivalent of a horn sounding on a faraway train coming down the track: If you're on the track, you ignore the sound of that...

While the Congressional Budget OfficeÂ’s projections on the GOP Obamacare replacement bill have rattled the ranks of the moderate Republican faction in the House, letÂ’s also not forget that this agency is flawed as well. Yes, the fact that premiums wonÂ’t be curbed and that over 20 million more Americans probably wonÂ’t have health insurance by 2020 isn't good. ItÂ’s one of the reasons why moderate GOP lawmakers have started to run for the hills, but letÂ’s not forget that the CBO also projected that 24 million people would be signed up for Obamacare by 2017. As Ali Meyer at...

There are problems with the debate over healthcare and “reforming” it. The first is that the Progressive Left has defined the terms under which we discuss healthcare. The second is that the GOP is terrible at messaging their solutions. Examine the CBO claim that 24 million people will lose health insurance coverage under the American Health Care Act (AHCA). The only way that people lose their coverage is if the government is giving it to them. Let this sink in. That logic may be true for the greater than 50% of healthcare already being provided through Medicare, Medicaid, CHIP, VA...

Millions may lose coverage next year if Congress does not repeal Obamacare. That’s not what this week’s Congressional Budget Office (CBO) analysis says, but it is reality. CBO’s estimating models seem impervious to reality. In the real world, the Obamacare exchanges are in crisis, millions of uninsured people willingly pay or avoid IRS penalties, and consumers struggle with rising premiums and cost-sharing requirements. But for CBO, Obamacare is a sea of tranquility. The agency assumes that only 26 million people under the age of 65 will be uninsured this year and next if Obamacare is left in place. To...

A new Congressional Budget Office report projecting the effects of the House Republican leadership’s American Health Care Act weakens the case for the bill’s ObamaCare-lite approach, and strengthens the case for full repeal. The CBO projects that over the next two years, the AHCA would cause average premiums to rise 15 percent to 20 percent above ObamaCare’s already high premium levels. The report raises the prospect that insurance markets may collapse under the AHCA, just as they are collapsing under ObamaCare. It makes unreasonable assumptions about Medicaid spending; more reasonable assumptions could completely eliminate the bill’s projected deficit reduction. Finally,...

A new game: It’s called Things You Should Never Believe. And why can you never believe them? Because they are always bogus, which is to say, they lie.1. CBO - The Congressional Budget Office; they lie regardless of which party is in power and cannot be trusted to be anything remotely close to accurate. Remember when they scored the Affordable Care Act? Health Reform: Remember when Democrats were promising that ObamaCare would cut the deficit by $1 trillion in its second decade? Turns out they were off by, well, about $1 trillion. And even that’s assuming that: ObamaCare's extraordinarily deep...

At 7:36 pm Tuesday night, Rachel Maddow tweeted “BREAKING: We've got Trump tax returns. Tonight, 9pm ET. MSNBC. (Seriously),” sending the internet into a frenzy of theorizing. Did Maddow have Donald Trump’s tax returns or just one of the Trumps’ tax returns? Could this be it, the tax return that would bring down the Donald? If this was it, why wasn't MSNBC cutting into its programming, instead of running a countdown clock to Maddow’s show? By 8:24, Maddow was tweeting that the tax return in question was Donald Trump’s 1040 from 2005. By 8:30, still half an hour before Maddow...

According to Congressional Budget Office (CBO) projections, a full repeal of Obamacare would insure more Americans than Speaker Paul Ryan’s Obamacare-lite reforms. The CBO’s analysis on the Republican leadership’s plan to repeal Obamacare predicts it would drop insurance for 14 million people in 2018, while 24 million would lose insurance by 2026. Compared to these figures, the CBO’s research on the 2015 full repeal bill indicated it would insure more Americans than the Ryan plan. Phillip Klein, managing editor of the Washington Examiner, stated that despite the Ryan plan doling out billions of dollars in tax credits, the plan also...

If you haven’t seen OMB Director Mick Mulvaney in action, do yourself a favor and watch the video here. On today’s Morning Joe, Mulvaney showed himself to be smart, well-spoken, undefensive and down-to-earth as he systematically demolished Mika’s, and by extension, the CBO’s, claims about the Trump admin’s health care proposal. Before Mulvaney appeared, the panel had engaged in extended hand-wringing over the loss of coverage that the CBO has projected. Mulvaney made three telling points: View the video here.

Health Reform: Democrats are no doubt gleeful that the Congressional Budget Office says the Republican health plan would leave 24 million more people uninsured by 2026. But there's no reason to rely on the CBO, since they were wildly off the mark in predicting how well ObamaCare would work. Shortly before President Obama signed ObamaCare into law, the CBO announced its findings that the health reform would cut the deficit in the first decade by a modest $119 billion, and possibly slash them by a trillion dollars in the second decade. The CBO also predicted that 23 million people would...

The Trump administration on Monday lashed out at the Congressional Budget Office’s report that estimated that about 24 million more Americans in a few years would be uninsured under the new legislation. The bill, called the American Health Care Act, would be “less generous” with new tax credits for those receiving subsidies under the current law and the plan would likely increase average premiums in the nongroup market until 2020. Tom Price, the Health and Human Services secretary, downplayed the report and said, “we disagree strenuously with the report that was put out. It’s just not believable is what we...

Republicans in the House and Senate wanted to see a score from the Congressional Budget Office on the American Health Care Act before casting a vote either way. The CBO obliged today, giving AHCA backers good news for budget hawks, but potentially bad news on the political front. Despite assurances that the effort would not leave Americans behind, CBO estimates that fourteen million Americans would be added to the rolls of the uninsured, while the AHCA saves the federal government $337 billion in deficit spending over the next decade: CBO and JCT estimate that enacting the legislation would reduce...

Just as we predicted, the Congressional Budget Office (CBO) has released a report demonstrating that the “too-clever-by-half” approach of RINOcare will result in the worst possible outcome for insurance prices and coverage numbers. It’s clear that by exacerbating the death spiral of the existing failed market before 2020, the political reality will ensure that even the minor reforms implemented to Medicaid and the exchange subsidies in 2020 will never occur. And the disaster will all be blamed on a wrongly-perceived Obamacare repeal bill instead of Obamacare itself. Full repeal is the only solvent way forward.

The United States has the highest top statutory corporate tax rate—39.1%—of any nation in the G20, according to a study released Wednesday by the Congressional Budget Office. That rate is nearly twice as high as the 20-percent rate in Russia, which, along with Saudi Arabia and Turkey, has the lowest statutory corporate tax rate in the G20. The U.S. won the top spot on the statutory-corporate-tax-rate list after Japan and Germany, which formerly ranked first and second, cut their rates. “The United States made no change in federal corporate tax rates between 2003 and 2012,” said the CBO, “and by...

Congressional analysts Tuesday projected that President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year. The new estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less than 5 percent for the duration of Trump’s term. Trump is promising higher growth as his administration curbs regulations, overhauls the tax code, and repeals the Affordable Care Act, former President Barack Obama’s signature accomplishment. …

The Congressional Budget Office has stepped into the Obamacare repeal fight, issuing a fierce warning to Republicans in the form of … a sternly worded blog post. CBO is the government’s nonpartisan scorekeeper, the agency that tells Congress how much new programs cost and who they’ll cover. This is important, because in principle you could provide insurance coverage to everyone while spending practically nothing if you were willing to make the insurance totally worthless.