CBO: Senate GOP's healthcare bill projected to get even more devastating for poor Americans over tim
Lydia Ramsey and Andy Kiersz
http://www.businessinsider.com/medicaid-cuts-under-republican-healthcare-bill-bcra-trump-2017-6
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The nonpartisan CBO on Monday released its first analysis for the Senate bill, the Better Care Reconciliation Act, and estimated that provisions in the BCRA would result in $772 billion in cuts to Medicaid by 2026.
That amounts to 26% less funding for the program than than under the current law, the Affordable Care Act.
The CBO report released on Thursday took the projection a step further, finding that by 2036 the funding decrease would be grow to a 35% decline.
Meanwhile, Republicans argue that the bill doesn't make cuts to Medicaid because funding to the program still rises over time. President Donald Trump tweeted out a misleading chart about Medicaid spending to defend the plan on Wednesday, as did Health and Human Services Secretary Tom Price.
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