>> In a major setback for Republicans, a non-partisan report says 21 million Americans would lose their healthcare within three years under the GOP plan to replace Obamacare. I'm Andy Sullivan in Washington where the new report by the Congressional Budget Office has yet another hurdle to House Speaker, Paul Ryan's, drive to replace President Obama's Affordable Care Act.
Democrats hate this new plan.>> So I hope that they would pull the bill.>> Conservatives aren't sold on it, and even moderate Republicans are worried about its impact. These new numbers would make it easier for all three of these groups to vote against Ryan's bill. According to CBO's report, the Republican plan would cause 14 million Americans to lose their health coverage as soon as next year, a figure that would rise to 24 million people 10 years from now.
The plan would allow states to cover fewer residents under the Medicaid health plan for the poor. And it would cause premiums to rise for many people who buy insurance on health exchanges, CBO finding that those who are older and less affluent would see premiums rise the most. Health costs would be up to 20% higher in the near-term, according to the budget office.
These numbers could make it harder for Ryan's health plan to pass the senate where centers to republicans have said they are worried that their own constituents would lose coverage. But there's a bright spot of sorts, CBO finding the bill would reduce federal red ink by about 337 billion over the next ten years, as the government would spend less on health insurance subsidies and Medicaid.
President Trump's health secretary, Tom Price, blasting the CBO estimate as just not believable, saying the plan actually will provide coverage to more Americans.>> CBO simply has it wrong.>> Trump is behind the bill so far, hosting what he called victims of Obamacare on Monday at the White House.
Ryan says his bill is the best chance for his party to deliver on its promise to repeal Obamacare and so far it's been making progress in the House of Representatives. Now that those numbers are out there, we'll see whether they slow the republicans momentum.