By Dan Calabrese —— Bio and Archives--May 25, 2017
It sounds bad. In fact, it sounds terrible. People lose health insurance en masse, markets are destabilized and it hardly touches the deficit. If the Congressional Budget Office was ever right about anything, this would be a disaster:
A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday. The Congressional Budget Office, a non-partisan group of experts who analyze U.S. legislation, said the bill would reduce federal deficits by $119 billion between 2017 and 2026.
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