Congressional Budget Office – Health Care Bill Cost Estimate

On May 24, 2017, the Congressional Budget Office released its latest cost estimate of H.R. 1628, The American Health Care Act of 2017 (see the version passed by the House on May 4).

The forty-one page CBO report also references the CBO cost estimate for an earlier version of the bill, released on March 23, 2017.

A principal finding of the CBO report is that 23 million Americans would lose insurance coverage over the next ten years if the bill becomes law:

CBO and JCT estimate that, in 2018, 14 million more people would be uninsured under H.R. 1628 than under current law. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 23 million in 2026. In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law.

The Senate is currently considering the bill and reportedly has plans to create its own version.

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The Office of Management and Budget released President Trump’s Budget for Fiscal Year 2018 on May 23, 2017. The Budget includes spending provisions that will affect funding of Medicaid, Medicare, and other health care programs:

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