Senate Bills – CBO Scores

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Update July 20: There are now two bills that have been released by the Senate that are both being considered: the Better Care Reconciliation Act (BCRA) and the Obamacare Repeal Reconciliation Act (ORRA). On July 13, the Senate released its second draft healthcare bill of the BCRA.  A CBO score was released on July 20 to reflect this draft. The Senate also released a bill intended to repeal (but not replace) the Affordable Care Act. This bill is called the “Obamacare Repeal Reconciliation Act” (ORRA). The CBO score for the ORRA was released on July 19. 
 
CBO Score of the BCRA 
 
The non-partisan CBO has  released its score (see here) of the Senate’s health care bill (known as the “Better Care Reconciliation Act”). In short, it is devastating. Under this bill, 22 million people will lose coverage (including 15 million ppl on Medicaid) and there will be $756 billion in Medicaid cuts over 10 years.  By 2036, Medicaid spending will be 35% less than under current law. This means the bill would result in nearly the same number of people losing their health insurance coverage as under the House-passed bill. It also means that the bill would reverse all of the historic coverage gains achieved since the Affordable Care Act was enacted in 2010. The bill will also radically restructure Medicaid by converting the entire program to a per capita cap starting in 2020. It will also drop the bar against insurers charging older people more than three times what they charge younger people. For a more detailed overview, please see the summary prepared by Edwin Park. 
 
CBO Score of the ORRA
 
The non-partisan CBO has  released its score (see here) of the Senate’s repeal of the Affordable Care Act health care bill (see here).The CBO has found that the ORRA will result in massive cuts to health care, and a huge increase of uninsured people. Here are the key findings:
  • The ORRA will take away health care coverage from 32 million Americans: 18 million people in 2018; 27 million people in two years; and a total of 32 million by 2026. 
  • The ORRA will double insurance premiums.
  • The ORRA will make it impossible for insurers to remain in the individual market.
  • The ORRA wil provide tax breaks to households with incomes over $1 million. 

In short, both bills are devastating and unacceptable. We need the senate to #killthebill and #savemedicaid.

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