The Congressional Budget Office has released it's official score for the Obamacare replacement bill, better known as the American Healthcare Act. CBO estimates the new legislation will cut the federal budget deficit by $337 billion over the next ten years. The estimate also states an additional 21 million people will be without healthcare insurance coverage by 2020 if the plan passes.
More of what we know from the report on coverage:
On premium increases:
On spending and deficit increases:
It is important to point the CBO overestimated coverage numbers when it scored Obamacare in 2010. CBO estimated Obamacare would cover 24 million people, yet current numbers sit at just 11 million.
This is a developing story, stay tuned for updates.
This post has been updated with additional information.