The Wider World

CBO: ACA repeal cuts coverage, deficit

PROTESTERS in 2012 rally against the Affordable Care Act, commonly known as Obamacare (Flickr.com/American Life League photo).

The non-partisan Congressional Budget Office announced in a report Monday that the repeal and replacement of the Affordable Care Act – commonly known as Obamacare – could result in the loss of medical coverage by millions of people, but also cut $337 million from the U.S. budget deficit over 10 years.

A plan proposed by Republicans in the House of Representatives and supported by President Donald Trump – the American Health Care Act – could the loss of health care insurance for 14 million people within a year, the CBO report stated. That number would rise to 24 million by 2026.

House Democratic leader Nancy Pelosi called the GOP proposal “disastrous,” while White House budget director Mick Mulvaney criticized the CBO’s track record, saying “Sometimes we ask them to do stuff they’re not capable of doing.”

 

Categories: The Wider World

Tagged as: , , ,

Leave a Reply