House Speaker Paul Ryan says he plans to bring a health care bill to a floor vote late this week, all while he seeks to increase tax credits to help older Americans buy insurance.
The House of Representatives is expected to vote on the health bill as soon as Thursday -- the seven-year anniversary of the Affordable Care Acts signing by Barack Obama. Yet its not clear that there are enough votes to pass the bill.
The administration doesnt provide details on where exactly the cuts would come from, citing 'consolidations and structural changes' as well as cutting administrative costs and a 'rebalance' of government funding for research.
After the CBO report estimated 24 million Americans would lose insurance, several groups and thought leaders continued to voice their disapproval of the GOP Affordable Care Act replacement proposal.
Although it was expected, the coverage-loss estimate is a sweeping blow to President Trump and fellow Republicans, who are trying to push the legislation through the House and Senate without Democratic support.
Paul Ryan says the 2018 midterm elections will be a 'bloodbath' if Republicans don't deliver on their promise to repeal and replace the Affordable Care Act.
The bill would cut taxes to the tune of about $575 billion over a decade, mainly on the wealthy and health-insurance companies. It would limit money channeled to low-income people, raise costs for older Americans and wind down the expansion of Medicaid.
The American Medical Association and the American Hospital Association have both said they cannot support the American Health Care Act in its current form.
President Trump took to Twitter to tout the new plan: 'Our wonderful new Healthcare Bill is now out for review and negotiation. ObamaCare is a complete and total disaster - is imploding fast!'