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AP file photo

Chris Jacobs, a well-known conservative health care analyst and former adviser to Bobby Jindal, writes in The Federalist that he's found out how bad the estimates were for the original House Republican Obamacare replacement draft. Citing sources close to the effort, he says the Congressional Budget Office warned congressional staffers that the original version could have caused 10-20 million people to lose employer health coverage. And the uninsured could have increased by as much as 15 million, he says — "nearly as much as repealing the law outright."

Why it matters: Republicans have moved on from that draft, and the bill that could be introduced as soon as today is likely to have substantial changes. But that's why it will be critical for House Republicans to have new estimates from the Congressional Budget Office before the health care committees vote on anything, Jacobs writes — and it's not clear that that will happen.

The bottom line: "Members who vote for a bill without knowing its full fiscal effects, yet will be held politically responsible for said effects, do so entirely at their own risk."

Go deeper

Updated 15 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 32 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.