A startling new report from the Congressional Budget Office is projecting 24 million people will lose health insurance coverage by 2026 under the Republican plan to replace the Affordable Care Act. Fourteen million people would lose health insurance in the next year alone. While the White House rejected the CBO findings, Politico is reporting the White House’s own analysis predicts 26 million people will lose coverage under the bill over the next decade. According to the CBO, the bill would reduce the deficit by $337 billion, but one of the biggest beneficiaries of the Republican bill will be millionaires. A new study by the Tax Policy Center shows people in the top 0.1 percent would get a tax cut of about $207,000 under the plan. House Minority Leader Nancy Pelosi accused Republicans of attempting to push through the biggest transfer of wealth in the nation’s history.
Sign up for Our Newsletter
Get updates about the policies and topics that matter the most to you. Progressive news directly to your email.