chair article As the health care debate over the GOP’s bill to repeal and replace Obamacare heats up, ABC News has brought in experts to help us tell the stories.
Here are six key takeaways from our coverage of the GOP bill and the health of millions of Americans.
Read moreRead more”I’m really concerned about the impact of this bill on people’s health and well-being,” said Dr. John Schaeffer, director of the Division of Health and Illness Research at the University of Minnesota.
“The CBO predicts that over time the tax cuts will lead to $300 billion in health care spending over the next decade.
That’s a huge amount of money for the people of the country.”
The CBO estimates that in 2024 alone, taxpayers will spend $1.6 trillion to $1,934 per capita on health care expenses.
The tax cuts alone will cost about $2,000 for each of the next five years, Schaeff said.
A large share of that money is likely to go to the wealthy and corporations.
The GOP bill would eliminate the tax penalties for those making over $1 million and eliminate the estate tax, which is levied on estates over $10 million.
But many of the tax changes would be offset by cuts to Medicaid, which covers the poorest Americans.
Those cuts are likely to be offset, but the CBO projects that overall the tax reductions would only reduce Medicaid spending by about $200 billion over the first decade, which the bill calls a “substantial portion.”
The GOP bill also would repeal the Affordable Care Act’s requirement that insurers cover certain services, which it said was needed to prevent people from buying insurance plans that are unaffordable or don’t offer them at all.
It also would roll back some federal funding for Planned Parenthood, which provides low-income women and girls with birth control, breast exams and other reproductive health services.
And the bill would dramatically reduce the maximum Medicare eligibility age from 65 to 65.
Under current law, seniors age 65 and older have to rely on Medicare for nearly all care and services.
The bill would change that to 50 years old.
Sen. Ted Cruz, R-Texas, chairman of the Senate Finance Committee, has called the GOP plan a “gift to the health insurance companies” and has accused Democrats of playing politics with the Affordable Health Care Act to score political points.
Republicans are pushing to repeal the law’s requirement to cover everyone with health insurance, as well as the requirement that people buy coverage.
The Congressional Budget Office estimates that repealing the ACA’s individual mandate and replacing it with a market-based system would result in a 23 million fewer people insured by 2026.
The nonpartisan Congressional Budget Service estimated that the bill will leave 18 million people without insurance by 2027.
That means about one-third of the population would have no insurance by that date.
The CBO estimates it would cost $816 billion to implement the bill, including $531 billion in higher insurance premiums.
The cost of the new mandate is $3,500 for every adult in the country.
“It’s not just the taxes that will be hurt, but also the Medicaid program,” said Rep. David Brat, R -Va., chairman of House Republicans.
Brat said the bill “would be devastating to Medicaid.”
The Medicaid expansion under the ACA has been highly popular, especially among Republicans, and many states have expanded their programs to help those who are low- and middle-income.
But the Trump administration has repeatedly suggested the bill could cut funding for the program.
The House GOP proposal would increase funding to the Medicaid expansion by $1 trillion over 10 years, and by $2.2 trillion over 20 years.
The Senate bill would cut Medicaid spending from the ACA to 2020 levels.
A major reason why Democrats and Republicans are fighting over the bill is that it would reduce funding for Medicaid by almost $700 billion over 10 to 20 years under current law.
The ACA expanded Medicaid to about 14 million low- to moderate-income adults and children in 2020.
The Medicaid expansion was created by the Affordable Act.
The CBO projects Medicaid spending would drop by more than $600 billion over 20 to 30 years under the GOP proposal, compared with current law levels.
The agency estimates that a $10 increase in Medicaid enrollment would cost about 1.3 million people their insurance, which would increase premiums by about 50 percent.
The bill would also cut federal funding to Planned Parenthood.
Under the ACA, Planned Parenthood is responsible for nearly one-fifth of all abortions in the United States.
The organization is a top-tier provider of reproductive health care services.
In the House, the bill aims to cut off funding to PP for at least three years.
But Planned Parenthood has already said that it won’t be able to pay the bills for those three years if the GOP tax cuts go through.
In a letter sent to congressional leaders on Monday, Planned Women of America, which represents more than 1.4 million women’s health care providers across