The Congressional Budget Office has issued its report
on the new Republican health care plan — and it's bad news for the GOP.
The nonpartisan CBO is considered the gold standard for judging the
impact of new bills, even if it's not perfect.
Health and Human Services Secretary Tom Price
says the CBO numbers "defy logic" even as House Speaker Paul Ryan, who's
pressed the plan forward, says it vindicates him by showing the plan
cuts spending.
Here are five things to know about what the CBO said:
It would cut the deficit...
The CBO projects that the plan, if enacted, would cut the federal budget deficit by $337 billion by 2026
...because it slashes Medicaid
The plan restructures the state-federal Medicaid health plan for the low-income, disabled and elderly. It limits what the federal government puts into the plan — to the tune of $880 million — and would result in 14 million fewer people being covered by Medicaid.
It would cut the deficit...
The CBO projects that the plan, if enacted, would cut the federal budget deficit by $337 billion by 2026
...because it slashes Medicaid
The plan restructures the state-federal Medicaid health plan for the low-income, disabled and elderly. It limits what the federal government puts into the plan — to the tune of $880 million — and would result in 14 million fewer people being covered by Medicaid.
Click here for the full article.
Source: NBC News
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