The CBO estimated Monday that the bill would result in 14 million fewer people having health insurance in 2018, versus keeping the Affordable Care Act, and 24 million fewer people by 2026.
“The CBO's estimate makes clear that TrumpCare will cause serious harm to millions of American families,” Schumer said in a statement. “Tens of millions will lose their coverage, and millions more, particularly seniors, will have to pay more for health care. The CBO score shows just how empty the president's promises, that everyone will be covered and costs will go down, have been. This should be a looming stop sign for the Republicans repeal effort.”
The CBO estimated the coverage losses were the result of the loss of the Obamacare mandate, the loss of subsidies to buy insurance on the individual market in favor of smaller tax credits, and the freeze of the Medicaid expansion authorized by the current law, among other things.