Today, the Congressional Budget Office (CBO) released its estimates for the American Health Care Act. While the report only covers stage one of a multi-step process to responsibly repeal and replace Obamacare, it confirms that the bill will advance our key goals by:
lowering premiums by 10 percent;
increasing choices for individuals and families;
reducing the federal deficit by $337 billion;
lowering taxes by $883 billion, providing much-needed tax relief for middle-class families and small businesses.
U.S. Representative Peter J. Roskam, Chairman of the Ways & Means Subcommittee on Tax Policy and Member of the Subcommittee on Health, addressed the CBO report on Fox News this afternoon and released the following statement:
"When the CBO first scored Obamacare, it took into consideration the entire package. The American Health Care Act is the first step in a series of initiatives to repeal and replace the failed law. It's misleading to attempt to make an apples-to-apples comparison between a finished product on one hand and a single piece of the puzzle on the other.
"We're committed to a replacement plan that creates a smooth transition to a better system. Our goal is to increase access to affordable, patient-focused health care for everyone."
Last week, Rep. Roskam and his colleagues introduced the American Health Care Act to begin the process of responsibly repealing and replacing Obamacare.
Last year, more than 300,000 Illinoisans bought insurance on the Obamacare exchange. Rates increased by an average of 44% for the lowest-priced individual bronze plans, 45% for the lowest silver, and 55% for the lowest gold plans. The Land of Lincoln co-op became the 16th in the country to collapse, leaving 49,000 Illinoisans without any healthcare coverage at all and taxpayers on for hook for over $160 million.
In three of the five counties represented by Illinois's Sixth Congressional District, there is only one insurance provider still participating in the Obamacare exchange.
In 2010, the CBO missed the mark by a large margin when it estimated 22 million people would enroll in Obamacare. According to the Department of Health and Human Services, only 10.4 million were actually enrolled last year.