A new Congressional Budget Office report tells us that the Big, Beautiful Bill passed by the U.S. House last month would push 16 million Americans off the health insurance rolls.
To be clear, the CBO isn’t an America-hating group of far-left radical leftist communists, but rather, a nonpartisan office that provides budget and economic information to Congress.
So, yes, nonpartisan to MAGAs is, America-hating far-left radical leftist communists, but whatever.
The analysis, laid out in a letter dated June 4, from Phillip L. Swagel, the director of the Congressional Budget Office, shows the biggest impact coming from cuts to Medicaid (affecting 7.8 million people) and the expiration of the expanded premium tax credit (4.2 million), the latter of which was enacted in the American Rescue Plan Act of 2021 and extended in the 2022 reconciliation act, and expires after calendar year 2025.
An additional 3.6 million people would lose health insurance due to changes inserted in the Big, Beautiful Bill impacting the health insurance marketplace created by the Affordable Care Act, aka Obamacare.
We got a joint statement from our Democrats in the U.S. Senate representing Virginia, Tim Kaine and Mark Warner, on this news:
“Sixteen million people. That’s the cost of the Republican plan,” the senators said, jointly. “This is not just a number – it represents moms, dads, kids, veterans, and retirees who will be forced to choose between rent and life-saving care. At a time when costs are already too high for too many Americans, this plan would rip coverage away from millions just to hand tax breaks to the wealthiest. It’s cruel, it’s shortsighted, and we are going to fight like hell to stop it.”
Share
Chris Graham
