Last night, the non-partisan Congressional Budget Office (CBO) released its analysis of the House Republican bill. CBO’s analysis on key issues:
COVERING MORE AMERICANS?
The House Republican bill covers just 3 million more Americans. Today, 83% of nonelderly Americans are insured — under the GOP plan, only 83% of nonelderly Americans would be insured in 2019. No change.
The Affordable Health Care for America Act extends coverage to 36 million more Americans. Today, 83% of nonelderly Americans are insured — under the Democratic plan, 96% of nonelderly Americans will be insured in 2019.
INSURANCE MARKET REFORMS?
The House Republican bill does not reduce the number of people who must buy insurance on the individual market — because they're self-employed, don't have coverage from their employer, are lose their jobs. This segment of the market now pays the highest premiums and consumer abuses by the insurance companies. No change.
The Affordable Health Care for America Act creates a Health Insurance Exchange, with a public plan as one of the choices to help provide competition, offering large group rates to employees of small businesses, entrepreneurs, and Americans looking for jobs. Under the Democratic plan, affordable options and affordability credits make all the difference.
HOLDING INSURANCE COMPANIES ACCOUNTABLE & COVERING PRE-EXISTING CONDITIONS?
The House Republican bill fails to require insurance companies to end the practice of discriminating against Americans with pre-existing medical conditions. No change. The House Republican bill does not repeal anti-trust exemption for health insurance companies. No change. The House Republican bill does not include provisions to stop price gouging by insurance companies. No change.
The Affordable Health Care for America Act ends discrimination against Americans with pre-existing medical conditions. The Affordable Health Care for America Act finally ends the anti-trust exemption health insurance companies have enjoyed and exploited for years. The Affordable Health Care for America Act gives states $1 billion to crack down on price gouging by health insurance companies.
American consumers and small businesses deserve better. The Affordable Health Care for America Act is a fiscally responsible bill that will reduce the deficit by $104 billion dollars over ten years (more than CBO says the Republican bill will).
REVIEWS ARE IN ON THE REPUBLICAN BILL
Ezra Klein – Congressional Budget Office Thrashes Republican Health-Care Plan:
Republicans are learning an unpleasant lesson this morning: The only thing worse than having no health-care reform plan is releasing a bad one, getting thrashed by CBO and making the House Democrats look good in comparison.
The Democratic bill…covers 12 times as many people and saves $36 billion more than the Republican plan.
The Congressional Budget Office said on Wednesday that an alternative health care bill put forward by House Republicans would have little impact in extending health benefits to the roughly 30 million uninsured Americans… The Republican bill, which has no chance of passage, would extend insurance coverage to about 3 million people by 2019, and would leave about 52 million people uninsured, the budget office said, meaning the proportion of non-elderly Americans with coverage would remain about the same as now, at roughly 83 percent.
Congressional budget umpires say the House Republican health plan would only make a small dent in the number of uninsured Americans.
In an analysis released late Wednesday, the Congressional Budget Office said the GOP plan would reduce the number of uninsured by 3 million.
The Democratic bill, by comparison, would reduce the number of uninsured by 36 million. Both estimates are for the year 2019.
Late Wednesday, a bill that Republicans expect to offer as an alternative to the Democratic package received its assessment from congressional budget analysts, who concluded that the proposal would barely dent the ranks of the uninsured.
The Republican alternative to the Democratic health care reform bill may cut costs, but it fails to make a dent in the problem of millions of Americans who lack health insurance, according to a preliminary analysis by the Congressional Budget Office.
The bottom line? It doesn't count as reform if nothing changes. Read the full CBO analysis>>