Among other key points, the nonpartisan CBO estimates 22 million more people would be uninsured by 2026 under the Better Care Reconciliation Act compared to the current law. It also found that while premiums would eventually drop, high out-of-pocket costs would make insurance coverage unaffordable for many.
In response to the CBO’s analysis, the White House on Monday released a statement intended to undermine its credibility: “The CBO has consistently proven it cannot accurately predict how healthcare legislation will impact insurance coverage. This history of inaccuracy, as demonstrated by its flawed report on coverage, premiums and predicted deficit arising out of Obamacare, reminds us that its analysis must not be trusted blindly.”
The CBO’s score of the Senate bill, while less harsh than its analysis of the House-approved American Health Care Act, has led several Republican senators to say they would not vote for the BCRA. As a result, Senate Republicans have delayed their vote on the bill until after the July 4 recess, according to Politico.
More articles on leadership:
4 keys to retaining millennial employees
Insurance companies should incentivize prevention measures, study finds
4 things the most respected bosses have in common