But the eye-popping stat causing the most problems is the CBO’s prediction that 14 million more Americans would be uninsured in 2018, with that number growing to 24 million by 2026.
Despite Mr Trump’s claims of support for the bill from both parties, the legislation faces considerable Democratic opposition, especially in the Senate, where the Republicans hold a smaller majority. Under the Republican bill, her tax credit increases by $1,800.
Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare, the nonpartisan US Congressional Budget Office said. Less than a quarter of Republicans opposed the plan.
The Virginia Hospital and Healthcare Association has a number of concerns with the American Health Care Act. “I think his plan is dead on arrival”, Paul said, adding that he was in talks with Democrats about more bipartisan ideas to fix the healthcare system. Thirty-one states have since expanded to cover millions of poor people, including Indiana, which has extended coverage to about 260,000 Hoosiers through the Healthy Indiana Plan, or HIP 2.0. The report said states could lose out on a possible $880 billion in federal funding over that same period.
“The president asked us specifically if we would support him on the American health care act … and we went forward with a yes”, said Rep. Mark Walker, head of the Republican Study Committee.
“If we’re going to repeal Obamacare, we’re going to have to move to the floor”, he said.
As we see it, the real problem with Obamacare was that it was an attempt to achieve a compromise between insurance and medicare, which USA conservatives like to call socialized medicine.
“These reforms will lower premiums and increase access to quality health care while reducing the federal deficit by $337 billion and taxes by $880 billion”, he said in a statement. Under Obamacare, he says, the government ordered everyone to have health insurance and the exchanges forced people to pay for services they would never use. “This bill would take it up to five times, plus the tax-break portion of this lowers the amount that people 50 to 64 are now receiving”.
Compared with the current law, a 62-year-old adult in Los Angeles who makes $17,000 a year would see his annual tax credit drop about 40 percent under the GOP bill, from about $6,672 to $4,000, according to the Covered California analysis. “So I just want to let the world know I am 100 percent in favor”. Despite a lack of electoral pressure, they rightly fear that their constituents could be greatly harmed by a poorly designed Obamacare repeal-and-replace effort. But interestingly, the Coverage Caucus isn’t just moderate Republicans in swing states or districts who are anxious about losing their seats to Democrats (though many of them are represented).