The Congressional Budget Office (CBO) recently released their much-anticipated cost estimate on H.R.1628, the House-passed version of the American Health Care Act (AHCA).
Together with the Joint Committee on Taxation (JCT), the CBO estimated that the most current version of the AHCA bill would:
- Reduce the federal deficit by $119 billion by 2026
- Cause 14 million more Americans to be uninsured by 2018
- Result in 23 million Americans without insurance by 2026, 1 million fewer than the previous estimate
- Still bring a spike in average individual market premiums during the first two years of the new legislation
- Potentially lower premiums by 2026, depending on how states handle essential health benefits and the community rating rule. Because of the high rate of variability, the CBO couldn’t provide an estimate.
Stay tuned for continuing coverage of AHCA legislation.