Republicans revise health care bill

The bill would also substantially reduce spending on Medicaid and reduce the value of tax credits that individuals use to buy health insurance, pricing many out of the market.

CBO's projections would represent an abrupt turn from the trends under Obamacare; the U.S. uninsured rate had dropped below 11 percent in late 2016.

The House bill was scored as increasing the number of uninsured people by 23 million and resulting in a $119 billion reduction in the deficit.

CBO represents the official analysis of the Senate's bill, though some Republicans have sought to cast doubt on its accuracy.

Heller said in a statement, "I can not support a piece of legislation that takes away insurance from tens of millions of Americans and hundreds of thousands of Nevadans". She says, I want to work with my Republican and Democratic colleagues to fix the flaws in the Affordable Care Act.

The CBO said in its hotly anticipated report Monday that passage of the Senate bill would likely increase the ranks of the uninsured by 22 million over the next 10 years.

McConnell unveiled the bill, which had been crafted behind closed doors, on Thursday and is aiming for a vote before the Senate recesses for the July 4 holiday break. Insurers need large numbers of healthy people to help pay for those who are sick.

Senators looking to repeal and replace Obamacare were already facing a breakneck timetable, mounting public disapproval, opposition from Democrats, and a growing number of Republican holdouts. By 2020, however, average premiums will be about 30 percent lower than they are now. They do not want to find themselves choosing plans with fewer options and higher premiums or higher deductibles.

Following 2018, the budget office projects that by 2026 an estimated 49 million would become uninsured, compared with 28 million that would be uninsured if Obamacare remained in place.

"It's hard for me to see the bill passing this week, but that's up to the majority leader", Collins said. Conservatives may argue that good health insurance plans are an incentive for prospective employees, but what may be business as usual for a corporation the size of Ford is not the model for much smaller ones.

They'll go up, and especially so for older people. The Affordable Care Act bans lifetime limits and requires insurers to cover various so-called "essential health benefits" which states could waive under the Senate plan.

The American Medical Association also came out against the Senate bill on Monday, arguing it would violate the "do no harm" principle of the medical profession. It also overhauls the entire program's financing, placing a federal spending cap on the program for the first time. The new plan will cut the deficit by $321 billion over the next decade, mostly by cutting funding for Medicaid, which provides healthcare for the nation's poorest and most at-risk citizens-including two out of every five American children, the same percentage of the disabled, and three in five nursing home residents. Later coverage losses would be due to Medicaid cuts, fewer employers offering coverage and other factors.

  • Joey Payne