By Miriam Raftery
Text of bill: https://www.congress.gov/bill/115th-congress/house-bill/1275/text
Congressional Budget analysis: https://www.cbo.gov/publication/52486
March 14, 2017 (Washington D.C.) – Older and poorer Americans could be paying over half their income to buy health insurance under the House Republicans’ healthcare plan, the nonpartisan Congressional Budget office (CBO) has calculated. A 64-year-old earning $26,500 would be expected to pay a whopping $14,600 a year for healthcare – far more than the $1700 a year premiums under Obamacare.
The bill would reduce the federal deficit by $337 billion by 2026, the CBO also found. But that savings would come largely on the backs of those who can least afford to pay more.