The GOP’s newly released “skinny” repeal of ObamaCare would result in 16 million additional people without insurance by 2026, according to a report by the Congressional Budget Office (CBO) released Thursday night.
The bill, released just hours before its vote Thursday night, would repeal ObamaCare’s individual insurance mandate permanently and its employer mandate for eight years.
The CBO also estimated that premiums in the individual market would increase by 20 percent compared to current law in all years between 2018 and 2026.
The bill would lower the deficit by $135.6 billion in ten years, the CBO estimates.
The Senate’s scaled-down ObamaCare repeal bill, the Health Care Freedom Act, would also defund Planned Parenthood for a year, repeal the medical device tax for three years and increase contribution limits to Health Savings Accounts for three years.
A vote on the bill is expected after midnight. Lawmakers could then offer amendments to the legislation.