S&P: Senate healthcare bill is 'inadequate beyond 2021'

Senate Republicans' proposed healthcare bill, dubbed the Better Care Reconciliation Act of 2017, is "positive in the short term but inadequate beyond 2021," according to an analysis by S&P Global.

S&P said cost sharing reductions, short-term assistance funds and stabilization funds for the states provided under the BCRA would have a positive effect on the individual insurance market from 2018 to 2021.

However, S&P said the proposed bill fails to create a long-term sustainable market, as there would be a "sharp drop in access" to health insurance after 2021.

For the individual market, the decline in access would be caused by a reduction in federal funding for advanced premium tax credits through the use of a "lower actuarial value for the benchmark plan" and elimination of the ACA's individual mandate, according to S&P.

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