CBO score of Senate health care bill: What does it mean?

The Senate version is very similar to the House bill but would allow for the continuance of federal subsidies that under current law are given to those who can not afford to pay their monthly health insurance premiums.Senate Majority Leader Mitch McConnell had no choice Tuesday but to postpone voting this week on a bill to repeal the Affordable Care Act that is just as devastating as the version passed by the House.The CBO also said the Senate’s health care plan would decrease federal deficits by $321 billion over the next 10 years.Senate Republicans hope to strike a deal on its controversial health care legislation by Friday in order to give the Congressional Budget Office a chance to review the law during lawmakers’ July 4 recess.The number of uninsured Americans is close to the CBO’s projections for the House’s health bill, which Republicans assured would be moderated in the senate. But, she said, “CBO analysis shows Senate bill won’t do it”.The audit also estimated that 15 million more people would be uninsured with the Senate legislation than under current law “primarily because the penalty for not having insurance would be eliminated”.Mr Johnson said on Sunday there was “no way” there should be a vote on the legislation this week.Before the Senate can begin debate on most legislation, the senators must either unanimously agree to consider it or the majority leader must offer a “motion to proceed” to consideration of that bill. The CBO analysis reflects the revision that proposes a six-month waiting period for those who want to purchase new individual insurance but had a lapse in coverage of at least 63 days the year prior.Less affluent Americans now on government-managed Medicaid insurance, many of whom supported the president, will see a 26% reduction in their programmes funding over the next decade, resulting in fewer covered and skimpier benefits. If the Affordable Care Act remained in place, 28 million people would have no health insurance, the CBO report found. That helps insurance companies pay for sicker customers who are more expensive to cover.With every Democrat opposed to the health bill, McConnell can only afford to lose two Republican votes.”Despite being eligible for premium tax credits, few low-income people would purchase any plan”, CBO said, because deductibles for the plans would amount to such a high percentage of total income.