World News

US Senate healthcare reform bill would leave 22 million without coverage

The forecast is that 22 or 23 million people would lose health care coverage, although they presently enjoy that coverage under the 2010 Affordable Care Act, known as ObamaCare.

Published: 27th June 2017 11:56 AM  |   Last Updated: 27th June 2017 11:56 AM   |  A+A-

By IANS

Washington: The healthcare reform bill being discussed by the US Senate would leave 22 million people without medical insurance by 2026, of whom 15 million would drop off the roles in the first year after its implementation, the Congressional Budget Office calculates in a report.

The Senate bill shows only a slight difference from the version approved by the House of Representatives, which would result in 23 million people losing their health insurance coverage, a report by the CBO said on Monday.

The report by the CBO-- an independent government agency that provides forecasts of the effects of laws being debated by Congress -- also said that the Republican healthcare reform would reduce the deficit by $321 billion by 2026, Efe news reported.

The forecast that some 22 or 23 million people would lose health care coverage -- although they presently enjoy that coverage under the 2010 Affordable Care Act, known as ObamaCare -- is due essentially to a drop in the number of people who will be covered by Medicaid, the system that provides care for the most disadvantaged people in the US, and Medicare, which is designed to help retirees.

The amendments presented in the Senate to the bill approved earlier in the House penalize people who have no insurance, forcing them to wait for six months before they can reapply for such coverage, thus incentivising people to enter into the private healthcare insurance system before they become ill.

The measure is aimed at ending the obligation for people to get private healthcare insurance coverage or pay a fine, as occurs now under the reform sponsored by former President Barack Obama.

The CBO report is a blow to those supporting the Senate bill, including President Donald Trump, since it would not motivate as-yet-undecided Republican senators to support the initiative.

Stay up to date on all the latest World news with The New Indian Express App. Download now
Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Latest