The Congressional Budget Office (CBO) has presented to Speaker Paul Ryan budgetary information on the proposed American Health Care Act with its newest amendments. The CBO stands by its previous position that millions will lose their health insurance . One significant change from the previous report is that the billions in savings projected in the March 13, 2017 report has been slashed by almost half.
The following is the CBO report sent to Congressman Paul Ryan.
March 23, 2017
Honorable Paul Ryan
Speaker of the House
U.S. House of Representatives Washington, DC 20515
Dear Mr. Speaker:
At your request, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) have prepared an estimate of the direct spending and revenue effects of H.R. 1628, the American Health Care Act, as posted on the website of the House Committee on Rules on
March 22, 2017, incorporating manager’s amendments 4, 5, 24, and 25.
As a result of those amendments, this estimate shows smaller savings over the next 10 years than the estimate that CBO issued on March 13 for the reconciliation recommendations of the House Committee on1Ways and Means and the House Committee on Energy and Commerce. The estimated effects on health insurance coverage and on premiums for health insurance are similar to those estimated for the committees’ recommendations. read the CBO report