Affordable Care Act

  • 05.24.17

    H.R. 1628, American Health Care Act of 2017: Summary of Cost Estimate

    This report from the Congressional Budget Office looks at the recently updated American Healthcare Act (H.R. 1628). It states that "H.R. 1628 would reduce the cumulative federal deficit over the 2017-2026 period by $119 billion. That amount is $32 billion less than the estimated net savings for the [earlier] versi...

    This report from the Congressional Budget Office looks at the recently updated American Healthcare Act (H.R. 1628).

    It states that "H.R. 1628 would reduce the cumulative federal deficit over the 2017-2026 period by $119 billion. That amount is $32 billion less than the estimated net savings for the [earlier] version of H.R. 1628." This reduction to the deficit would largely "come from reductions in outlays for Medicaid and from the replacement of the Affordable Care Act’s (ACA’s) subsidies for nongroup health insurance with new tax credits for nongroup health insurance." 

    Unfortunately, more people would be uninsured under this bill than under the current law (the Affordable Care Act/Obamacare): "In 2018, 14 million more people would be uninsured under H.R. 1628 than under current law. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 23 million in 2026. In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law."

    H.R. 1628 Budget Effects