06:55 GMT +325 March 2017
    President Donald Trump points to a supporter after speaking at the Conservative Political Action Conference (CPAC), Friday, Feb. 24, 2017, in Oxon Hill, Md.

    Trump's Bill to Replace Obamacare Will Reduce US Deficit by $337 Billion - CBO

    © AP Photo/ Alex Brandon
    Get short URL

    The Republican-proposed American Health Care Act to replace Obamacare will lower the US federal deficits by $337 billion over the next decade, the Congressional Budget Office (CBO) stated in a cost estimate report.

    WASHINGTON (Sputnik) — Of that number, there will be $323 billion in on-budget savings and $13 billion in off-budget savings, according to the report.

    "CBO and [Joint Committee on Taxation] estimate that enacting the legislation would reduce federal deficits by $337 billion over the 2017-2026 period," the report said on Monday.

    The largest savings will be achieved from reductions in outlays of Medicaid and removal of subsidies for non-group health insurance.

    The report also projected that “14 million more people would be uninsured under the legislation than under current law.”

    US Health and Human Services Secretary Tom Price told reporters on Monday that the Congressional Budget Office (CBO) did not consider any of the other reforms that will accompany the main effort to repeal and replace Obamacare while putting together the report on the Republican's plan for healthcare.

    "Apparently what the CBO looked at was simply the bill that's pending before Congress," Price stated. "It didn't look at the regulatory reforms that we're going to put into place… and it didn't look at all the pieces of legislation that are also pending."

    US House of Representatives Speaker Paul Ryan said after the report was published that creating a new health care system will give more Americans access to health care while reducing the federal budget deficit.

    "This report confirms that the American Health Care Act will lower premiums and improve access to quality, affordable care," Ryan stated on Monday. "CBO also finds that this legislation will provide massive tax relief, dramatically reduce the deficit, and make the most fundamental entitlement reform in more than a generation."

    President Donald Trump has repeatedly pledged to roll back Obamacare, a healthcare policy he has characterized as being disastrous for users and the economy.

    Trump and Congressional Republicans have said Obamacare is unsustainable in the long run as it imposed too heavy financial burdens on individuals and businesses while concurrently reducing the number of healthcare insurers, providers and choices.


    Trump: White House to Release Healthcare Plan to Replace Obamacare in March
    US Citizens Support of Obamacare Grew by 4% Since January - Poll
    Republicans Set to Roll Out Bill to Repeal Obamacare Next Week
    Obamacare, report, Donald Trump, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment

    All comments

    • avatar
      Darrell R
      I agree, Obamacare is unsustainable, but I don't see how millions of people losing healthcare equates to more people having access healthcare. Perhaps it will workout for everyone, but they need to be mindful of the fact that any voter who loses healthcare that depends on it is going to keep this in mind when they vote. In the meantime I will wait to see what they finally do to solve this serious issue before making any judgement of this. This is necessary to do this, but I hope they get it right.
    • avatar
      a challenging work in progress.
    • taka2net
      to begin with,what americans who voted to you wished is not to decrease governmental deficit for insurance.please reflect on the reason why you are ordained by people. that is to improve their life.if reality do not take priority over ideology,you do nothing other than losing approve of people.

      today:1 comment
      before:03:50 13.03.2017
    Show new comments (0)