WASHINGTON — The GOP health care bill would insure 23 million fewer people than current law after a decade, while potentially impacting many with pre-existing conditions, according to the nonpartisan Congressional Budget Office.
The bill would spend $1.1 trillion less on health care and use the savings primarily to finance large tax cuts for high-income earners and medical companies. Overall, it would reduce deficits by $119 billion over ten years.
While some Americans would see lower premiums, CBO concluded that many people with pre-existing conditions would no longer be able to afford insurance and that many who received coverage would pay thousands of dollars more in out-of-pocket expenses.
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