Agency’s Analysis of U.S. Republican Health Bill May Sharpen Resistance to Measure
“The House Republican legislation would also roll back an expansion of Medicaid insurance for the poor, and replace Obamacare’s income-based subsidies with a system of fixed tax credits to help people buy private insurance on the open market. [nL2N1GM0YU] The credit rating agency Standard & Poor’s has estimated 6 million to 10 million people could lose health insurance under the Republican plan, known as the American Health Care Act. It would cancel tax revenues worth at least $600 billion over 10 years, according to Congress’ Joint Committee on Taxation.”