The Senate Republican health care bill would insure 22 million fewer people after a decade than current law, according to an analysis Monday by the non-partisan Congressional Budget Office.
The GOP bill, titled the Better Care Reconciliation Act, would save $321 billion in the same period by spending $1 trillion less on health care and using the savings to repeal the Affordable Care Act’s taxes, which primarily benefit wealthy individuals and medical companies, NBC News reported.
In addition to increasing the number of uninsured Americans, the plan also would raise deductibles by large amounts and reduce Medicaid spending by 26 percent by 2026 versus current law.
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On the other hand, it would achieve traditional conservative goals of spending less on social services, lowering tax rates on high earners and businesses, and reducing regulations on what kind of plans insurers must provide and on how much they’re allowed to profit off consumers.