The Senate Republicans' bill to repeal and replace the Affordable Care Act (ACA) will result in 22 million fewer people having health insurance in 2026 compared with current law, the Congressional Budget Office (CBO) said Monday.
The Senate repeal-and-replace bill would also cut the deficit by $321 billion through 2026, which is $202 billion more than the reduction in the deficit under the House bill, the CBO said. The reductions include a $772 billion cut in Medicaid spending -- a little lower than the $800 billion Medicaid cut in the House version of the bill -- and $408 billion in reduced subsidies for individual enrollees in the health insurance exchanges. Those spending reductions are partially offset by $541 billion in tax cuts and $210 billion in reduced penalties collected from employers and the uninsured, as well as $107 billion in increased spending to help some enrollees reduce their premiums and for other purposes.