Hospital stocks fall after Republican health bill seen leaving 24 million uninsured

GOP support became scarcer when the nonpartisan Congressional Budget Office projected the legislation would push 24 million Americans off coverage in a decade and shift out-of-pocket costs toward lower income, older people. “Although everyone understands that forecasts are not ideal and that CBO or anyone doing forecasts can not with 100 percent accuracy tell us how people will react, how (the) new law would play out, and history proves that”.

This story was produced by Kaiser Health News, an editorially independent program of the Kaiser Family Foundation. She breaks down what we’ve learned from the report. But Medicaid expansion gives me the economic security in knowing that funding is always going to be there for my cancer care. Perversely, this penalty would discourage people who have dropped out of the health-insurance market from reentering unless they are sick. This doesn’t sound like an inherently bad idea, but many are nervous. They were thinking would be in the 10 to 15 million range. Walker met with other Republican governors Tuesday to discuss the replacement plan. Congress’s official forecaster thinks that Trumpcare would create a steady market where insurers are happy to sell coverage by making it unaffordable for the older Americans who need help most, while supplementing the system with government cash.

“Our job is real simple: Do what we told the voters we were going to do”, the Ohio Republican said.

“We don’t want to bail out the insurance companies, we want freedom to get lower prices and to get the insurance we want for our families”, he said. The legislative roadblock they have hit reminds us that neither Ryan nor Trump have LBJ-like powers to drive legislation home. So it will be interesting to see, do they seize on the numbers they like? Both Indiana legislators said they feel pressure from their constituents to repeal the Affordable Care Act and come up with a viable plan. Everything everyone else is going to want to talk about is that 24 million number. He said Trump’s administration is involved in working out the House bill.

The Medicaid cutbacks, coupled with other cutbacks, would help the GOP legislation reduce federal deficits by $337 billion over the next decade, according to the CBO report. The rising federal cost of the program argues for the bill’s capping of federal outlays to the states, she says – but the $880 billion cut is too steep. However, almost half (49%) of Democrats think there will be fewer protections for people with preexisting conditions, and 30% of independents think so, too. “A lot of people said, ‘Oh, gee, that’s not the thing to say.’ I said, ‘Well you know what?”

“We have to repeal Obamacare at some point”, Tenney said.

President Donald Trump and Tom Price, Health and Human Services Secretary, have promised to begin transferring more power over health insurance to the states in a three-part process. “He’ll pass something better something more affordable”. Senate Minority Leader Chuck Schumer of NY said the projections show “just how empty the president’s promises, that everyone will be covered and costs will go down, have been”. It would also weaken Medicare’s financial status by depleting the Part A trust fund three years sooner than under current law, moving up the projected insolvency date from 2028 to 2025, based on estimates by Medicare’s actuaries (Figure 1). Let’s set aside the Senate for a second. I sincerely hope he amends the bill. Never say never, right? Please tell your elected representatives to vote a resounding “No” on the American Health Care Act. The bottom line, the analysts say, would be “substantially reducing premiums for young adults and substantially raising premiums for older people”.

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