834 Billion News Today

Direction. it will create a marketplace. it will offer the kind of plans consumers want. imagine that, offering plans patients and consumers would like to purchase and do so at a lower premium thach. that is a great step. im pleased to hear its in the draft. >> you represent the people of ohio. im flying to ohio after this show, continuing our coverage of the opioid epidemic in your state. >> yeah. >> you were a yes vote on the house gop health care bill. as you know, that, according to the cbo ...

She survive, she thrived. now her mother, rebecca, is terrified of something else. >> the bill is passed and without objection, the motion -- >> reporter: the republican health care reform plans. rebecca says one of the reasons charlie has done so well is medicaid. the government health care program helps pay for her care to the tune of about $12,000 a year. >> its your birthday soon. how old are you going to be? >> 5. >> reporter: charlie relies on a feeding tube and sees seven different doctor...

>> let me read to what you it said about the senate bill today. no amount of administrative or regulatory flexibility can compensate for the federal spending relukzs thductions tha occur as a result of are this bill. yes, states get more flexibility but a lot less money. an $834 billion cut over the next ten years compared with current law. thats a 24% decrease. were waiting for the cbo score of the senate bill later today. look, many of these states are cash strapped as it is and will likely ha...

Protected, its not, obviously. 834 billion, and even worse in the second ten years. and the third is, that there would be universal coverage virtually. anybody who needed care would get it. we often dont go back audio of his. his said his beautiful health care plan would cover everyone. >> he did say that. a big week. up next, russias man in washington is heading back to moscow.

>> lets stay specifically on this question about medicaid. hes not the only republican. both of them in nevada are not the only republicans concerned about medicaid cuts. the cbo said it reduce medicaid by $834 billion. >> yeah. thats interesting because -- >> is that not a cut? >> it all depends what youre comparing it to. the medicaid proposal in the senate bill goes up every single year that the plan is in place because its based on the consumer price index, initially based on the consumer pr...

And childrens dental care. some enrollees could see large out-of-pocket spending because annual or lifetime limits would again be allowed. this bill would reduce spending on medicaid by $834 billion and cover 14 million fewer people by 2026. a reduction of 17% of its enrollees. the white house reacted to the congressional budget offices score last night with an official saying, in part, quote, history has proven the cbo to be totally incapable of accurately predicting how health care legislation...

Pointsts tough to make it up on election day. >> always good to have your insights, sir. thank you. mark sanford is a republican congressman from the great state of south carolina. congressman always good to have you, sir. lets take a look at this health care stuff, this new cbo numbers on the health care bill. theyre on the screen for our viewers and listeners at home. according to the cbo, increases the number of uninsured by 23 million people, 14 million in the first year, reduces spending on...

Lets talk about premiums. this is a little tricky. under -- compared to what the premiums would be doing under obamacare, by 2018, trumpcare preem plum premiums will be 20% higher. 2019, 5% higher. 2026, 4% to 20% lower than under aca. dont let anyone tell you premiums are going down. theyre never going down. this is just going to be a lower increase by 2026. what i want to show you is how these premiums have been increasing. we were projected by 2026 to see 5.5% increases per year under obamaca...

Higher than under obamacare. by 2019, the acceleration will slow down. only 5% higher. by 2026, theyll be 4 to 20% lower than they would have been under obamacare. this is really important to remember. it doesnt mean premiums will be actually lower. on average, they will increase at a slower rate. another way to think about this. by 2026, under obamacare, insurance premiums should have slowed down their increase to the point that they were increasing 5.5% per year. still higher than inflation. s...

And childrens dental care. there could be large increases in out-of-pocket spending because annual and lifetime limits would be allowed. it would reduce spending by $834 billion and cover 14 million fewer people by 2026. overall it reduces the deficit by $119 billion over the next decade. an important procedural development, since it means the house will not have to vote again on the bill. mark, the top line number that we will hear next year, well hear this year, well hear during the campaigns ...