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Monday, June 26, 2017

Ivanka's tax cuts FTW!

by digby

Here you go with the new CBO score:

The Senate bill to repeal the Affordable Care Act would increase the number of people without health insurance by 22 million by 2026, a figure that is only slightly lower than the 23 million more uninsured that the House version would create, the nonpartisan Congressional Budget Office said Monday.

Next year, 15 million more people would be uninsured compared with current law, the budget office said.

The legislation would decrease federal deficits by a total of $321 billion over a decade, the budget office said.

The release of the budget office’s analysis comes as a number of reluctant Republican senators weigh whether to support the health bill, which the majority leader, Mitch McConnell of Kentucky, wants approved before a planned recess for the Fourth of July.

Mr. McConnell already faced a host of reservations from across the ideological spectrum in his conference. Five Republican senators have said they cannot support the version of the bill that was released last week, and Mr. McConnell can afford to lose only two.

Before the budget office released its report on Monday, the American Medical Association officially announced its opposition to the bill, and the National Governors Association urged the Senate to slow down.

Now, the budget office’s findings will give fodder to Democrats who were already assailing the bill as cruel. It could give pause to some Republican senators who have been mulling whether to support the bill — or it could give them an additional reason to come out against the bill altogether.

It is still unclear whether the new budget office projections will be judged against the House’s version, or against the Affordable Care Act’s coverage figures. Beyond the number of Americans without health insurance, the Senate bill’s $321 billion in deficit reduction is larger than the $119 billion total that the budget office found for the bill that passed the House.

Earlier Monday afternoon, Senate Republican leaders altered their health bill to penalize people who go without health insurance by requiring them to wait six months before their coverage would begin. Insurers would generally be required to impose the waiting period on people who lacked coverage for more than about two months in the prior year.

The waiting-period proposal is meant to address a conspicuous omission in the Senate’s bill: The measure would end the Affordable Care Act’s mandate that nearly all Americans have health insurance, but it also would require insurers to accept anyone who applies. The waiting period is supposed to prevent people from waiting until they get sick to purchase a health plan. Insurers need large numbers of healthy people to help pay for those who are sick.

Under one of the most unpopular provisions of the Affordable Care Act, the government can impose tax penalties on people who go without health coverage. Republicans have denounced this as government coercion.

The repeal bill passed by the House last month has a different kind of incentive. It would impose a 30 percent surcharge on premiums for people who have gone without insurance. But the Congressional Budget Office said this provision could backfire. As a result of the surcharge, it said, two million fewer people would enroll, and the people most likely to be deterred would be those who are healthy

They will, of course, say the CBO is lying. And it could be wrong. But that could mean this mutant atrocity of a "health care" bill will actually be worse. In fact, it probably will trigger a death spiral in the whole insurance sector.

But whatevs. They knew it was going to be bad when they did it. They don't care. They want tax cuts for Ivanka and that's all there is to it.

They have all become monsters.