Overnight Healthcare: Trump plan would cut coverage for 21M, study finds
POOR MARKS FOR TRUMP HEALTH PLAN: The Committee for a Responsible Federal Budget took a look at Donald Trump’s healthcare plan and found it would result in 21 million people losing coverage and that cost $270 billion over ten years.
Trump’s plan calls for fully repealing ObamaCare, which the nonpartisan Congressional Budget Office (CBO) projects would lead to 22 million people losing health insurance. The CRFB, using previous CBO estimates of the component parts, finds that Trump’s replacement would only add coverage for about 1 million people.
“Mr. Trump’s plan to repeal and replace Obamacare — based on the details available — would both add to the deficit and significantly reduce coverage,” the CRFB analysis finds.
{mosads}Trump’s plan involves common Republican ideas, such as creating a tax deduction for individuals’ insurance premiums and allowing insurance to be sold across state lines.
The CRFB, using CBO estimates, finds that these policies would add coverage for 1.1 million people, not doing much to make up for the 22 million people losing coverage from the repeal of ObamaCare.
The CRFB, again using previous CBO estimates, also finds that repealing ObamaCare would cost $200 billion over 10 years. (That includes economic effects; the cost is even higher without factoring in effects on the economy.) Read more here. http://bit.ly/1RiHFoW
E&C BEGINS WORK ON BUDGET SAVINGS BILL: The House Energy and Commerce Committee began its two-day markup of bills as part of a budget-savings package Monday, looking at Medicaid and ObamaCare provisions.
Democrats – Reps. Frank Pallone (N.J.) and Jan Schakowsky (Ill.) called the legislation unnecessary, arguing that states are already required to update their Medicaid rolls for lottery winners.
Pallone, the committee’s top Democrat, also criticized the move as solely political.
“We made a budget deal already. A deal is a deal. Putting everybody through a meaningless exercise because the Republican Party is in disarray and unable to govern is simply a waste of time,” Pallone said. “This legislation merely shifts costs onto states.”
Medicaid is also on the chopping block at a markup by the House Ways and Means Committee on Wednesday, which is also aimed at improving the chances of passage for the House GOP’s budget plans.
SANDERS ROLLS OUT AIDS DRUG PLAN: Bernie Sanders on Monday released a plan aimed at making HIV/AIDS drugs more affordable, part of a larger effort aimed at bringing down drug prices.
Sanders’s plan would be a major shake-up of the current drug system. Instead of the current system of giving exclusive marketing rights to a new drug, which keeps out competition for a number of years, Sanders would reward companies for innovations with a $3 billion fund, but open up their products immediately to competition. The goal is to bring down prices while still providing an incentive for companies to innovate.
The proposal fits with Sanders’s themes of pounding pharmaceutical companies and stressing the need to bring down drug prices. Read more here. http://bit.ly/1V7xXMl
ON TAP TOMORROW:
HHS Secretary Sylvia Burwell testifies at House Education and Workforce at 10 a.m.
House Energy and Commerce marks up a bill to find budget savings through Medicaid and ObamaCare changes at 10 a.m.
WHAT WE’RE READING:
High drug prices prompt demands for transparency (Stateline)
Puerto Rico’s healthcare crisis threatens the mainland (Governing)
Study: Rate of double mastectomies has tripled in 10 years (Time)
IN THE STATES:
South Carolina House panel clears Planned Parenthood (Post and Courier)
Oklahoma budget crisis may incapacitate Medicaid program, officials say (The Oklahoman)
Zika cases in Florida up to 60 (Miami Herald)
ICYMI FROM THE HILL:
2015 ObamaCare enrollment falls slightly short of target
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