May 25, 2017, Emily Mongan, McKnight's Long-Term Care News - The version of the American Health Care Act passed by the House earlier this month would cut Medicaid spending by $834 billion over ten years, according to an analysis published Wednesday by the Congressional Budget Office.
Wednesday's report shows less significant Medicaid cuts than the initial $880 billion estimated by the CBO's March analysis of an earlier version of the bill.
In total the GOP's healthcare bill would reduce the federal deficit by $119 billion between 2017 and 2026, $32 billion less than the net savings estimated by the CBO's March report. The report also found 23 million people would lose health insurance by 2026 if the legislation becomes law; that's one million less than the originally estimated 24 million.
The CBO's analysis ........ CLICK HERE TO READ MORE