The American senate bill to repeal the affordable care act (Obama Care) hit a major setback on Monday as the congressional budget office(a body saddled with providing budget information to the senate) claimed that from their assessment of the bill it would leave 22 million citizen without insurance by the year 2026. The major reason cited for this is that the new bill makes it less mandatory for people to take out health care insurance. This would leave a lot of people uninsured.
The bill titled “Better Care Reconciliation Act of 2017” would however reduce government spending by $321 billion by 2026 in the same time frame. This is because the bill would consistently over the next few years until 2016 reduce medi-care aid by 26 percent.
Though, this does not give the bill any form of soft landing as most of the money saved on expenditure would be spent on other cost arising from passing the bill. An example of this is the cost of reducing premiums on health care. Another instance is money lost by government for lack of tax as penalty for not buying health care insurance.
First to raise concern over the new assessment were two republican, Senators Susan Collins of Maine and Rand Paul of Kentucky who were vividly opposed to deliberations on the bill not to mention passing the bill. Senator Ron Johnson of Wisconsin was less aggressive about his discontent for the bill but equally damaging as he would also oppose taking the bill on a procedural vote which is supposed to be held on Tuesday.
The procedural vote sets the tone for the passing of the bill and if congress cannot agree on that it spells dome for the entire bill.
The white house, in responding to the assessment released a statement doubting the credibility of the bill. The white house claimed “We know the facts. To date, we have seen average individual market premiums more than double and insurers across the country opting out of healthcare exchanges” the white house reiterated its commitment to repealing Obama Care no matter what it takes.
The current report changes the narrative as to the effect of repealing the Affordable Care Act and this can stand in the way of one of the major campaign promises of President Trump.