May 24, 2017

Final House health care bill could cause some state markets to unravel

AP file photo

The Congressional Budget Office has released its cost estimates for the final version of the House health care bill, nearly three weeks after the House passed it. The main points, and how it compares to the Affordable Care Act:

  • Savings: $119 billion.
  • Coverage: 23 million fewer insured in 2026.
  • Impact on premiums:Half the population (no state waivers): 4 percent lower in 2026.One third of the population (moderate regulation changes): 20 percent lower in 2026.One sixth of the population (full state waivers): Large variation between healthy and sick customers.

The big warning: Markets would become "unstable" in 2020 in states that get the full state waivers from ACA regulations on pricing and benefits. And in those states, people with pre-existing conditions "would ultimately be unable to purchase comprehensive nongroup health insurance at premiums comparable to those under current law, if they could purchase it at all."

The big takeaway: The last-minute changes to the bill didn't affect the cost or coverage estimates that much. Before those amendments, the bill would have saved $150 billion over 10 years, and 24 million fewer people would have had health coverage. But CBO is warning Congress that the latest changes — letting states opt out of two of the ACA's main insurance regulations — could ruin the insurance markets in those states even if they make insurance cheaper for healthy people.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 3:30 a.m. ET: 1,203,923 — Total deaths: 64,795 — Total recoveries: 247,273Map.
  2. U.S.: Total confirmed cases as of 3:30 a.m. ET: 312,237 — Total deaths: 8,502 — Total recoveries: 14,997Map.
  3. Public health latest: CDC launches national trackers and recommends face coverings in public. Federal government will cover costs of COVID-19 treatment for uninsured. The virus is hitting poor, minority communities harder and upending childbirth.
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. "We're having the convention at the end of August."
  5. Business updates: Restaurants step up for health care workers. Employees are pressuring companies to provide protections during coronavirus.
  6. Oil latest: Monday meeting among oil-producing countries to discuss supply curbs is reportedly being delayed amid tensions between Saudi Arabia and Russia.
  7. Education update: Many college-age students won't get coronavirus relief checks.
  8. 1 🏀 thing: The WNBA postpones start of training camps and season.
  9. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
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World coronavirus updates: Confirmed cases top 1.2 million

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The number of novel coronavirus cases surpassed 1.2 million worldwide Saturday night, as Spain overtook Italy as the country with the most infections outside the U.S.

The big picture: About half the planet's population is now on lockdown and the global death toll was nearing 64,800, by Sunday morning, per Johns Hopkins data.

Go deeperArrowUpdated 4 hours ago - Health

U.S. coronavirus updates: Death toll surpasses 8,500

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 8,500 in the U.S. early Sunday, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day for the past four days, since April 1.

The big picture: President Trump said Saturday America's is facing its "toughest" time "between this week and next week." Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said U.S. deaths are expected to continue to rise during this period.

Go deeperArrowUpdated 4 hours ago - Health