New report on House bill significantly lowers uninsured estimate
Forget the CBO report that says 23 million fewer people would have health coverage under the House health care bill — the number of uninsured people would only rise by 13 million people over 10 years, according to this new report by the Centers for Medicare and Medicaid Services actuary.
Why it matters: Republicans never believed the CBO estimate, and thought its uninsured estimates were wildly overestimated. The Medicare actuary's estimate is significantly lower — but it doesn't exactly hand the GOP a talking point.
The key numbers:
- The coverage loss is mostly because 8 million fewer people would be eligible for Medicaid.
- The bill would save $328 billion in federal spending over 10 years.
- Gross premiums would be 13% lower in 10 years than under the Affordable Care Act.
- But net premiums, after federal and state subsidies, would be 5% higher. And the amount of cost-sharing that people would have to pay would be 61% higher.