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CBO grades American Health Care Act

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The Congressional Budget Office (CBO) gives its “score” to the American Health Care Act (AHCA). The CBO issued a report projecting the proposed law would reduce federal deficits by $337 billion from 2017-2026. The largest savings would come from reduced Medicaid outlays and eliminating the Affordable Care Act (ACA) subsidies for nongroup health insurance. Savings would be offset by a new tax credit and repealing many ACA taxes and penalties. In 2018, the CBO estimated 14 million more people would be uninsured under the bill, increasing to 24 million in 2026.

When will Congress start discussing changes to the tax code?

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House Speaker Paul Ryan (R-WI) has said he wants to tackle tax reform in the spring, after health care reform and the spring budget pass. Senate Majority Leader Mitch McConnell (R-KY) has stated tax reform will likely occur later than that. While health care reform is proceeding rapidly, with the release of the American Health Care Act on March 6 and approval by House committees, the projected mid-April passage of the bill may be in doubt due to opposition by Democrats and some conservative Republicans.