The Congressional Budget Office on Monday released its report on the American Health Care Act, the healthcare bill proposed by House Republicans.
The CBO estimated that under the Republican healthcare bill as many as 24 million more people could be uninsured and the federal budget deficit would shrink by more than $US300 billion over the next decade.
As part of the report, the nonpartisan agency also detailed its estimates for what premiums might look like under the proposed legislation.
The net premiums — that’s accounting for tax credits — for different age groups might look quite different under the proposed AHCA compared to the Affordable Care Act.
Under the AHCA, premium tax credits would solely account for age, rather than factoring in both age and income as it exists under the ACA. The effect, according to the CBO, is that older people with lower incomes would see a significant increase in their net premiums.