MSNBC reported Friday that the GOP budget plan has “taken health insurance away from millions of Americans.”
The new report, released by the nonpartisan Congressional Budget Office, says the Republican budget proposal would slash Medicaid spending by $880 billion over the next decade.
Medicaid, which pays for most health care for low-income Americans, is one of the largest government programs that helps people get health insurance, especially in states like California and New York.
While the CBO report doesn’t give specific numbers, a report from last week found that the cuts would hit most low- and moderate-income people hard.
“The cuts to Medicaid would have a dramatic impact on people who are in the poorest and most vulnerable categories,” the CBO’s Robert Pearman told The Associated Press.
“For many of those people, Medicaid coverage would drop to less than $3,000 a year.
For the poorest people, they could be in poverty for an entire year.”
The CBO also found that Medicaid would lose $1,000 in funding for each year of the Republican proposal, meaning people who would have been eligible for it under current law would lose nearly $8,000 by 2020.
The cuts are even bigger if the CBO adds in the effect of the elimination of subsidies for the elderly, people with disabilities and the poor.
That would add $1.5 trillion to the deficit over 10 years, the report found.
“In a decade, these cuts would mean that people who currently have Medicaid would not have the money they need to afford care,” said Robert J. Pearman, who led the CBO study.
The report also says that the budget would cause more than 4 million people to lose their health insurance.
That includes 6.7 million people who already have insurance and 1.5 million who were covered under Obamacare.
That’s an increase of more than 3 million people over a decade.
But it also includes about 1.4 million people, including nearly 1.7 percent of the population, who are still receiving Medicaid coverage.
The Congressional Budget Board is expected to release a report on its findings later this week.