The nonpartisan Congressional Budget Office’s latest scoring of the House Republican replacement to Obamacare shows that by next year, 14 million people would lose health coverage, while a total 23 million would lose insurance within a decade.
The CBO’s report Wednesday takes into account amendments attached to the American Health Care Act (AHCA) on May 4, shortly before the House bill’s partisan passage which was nearly denied by just two votes. This is the AHCA’s second scoring by the CBO, which released its first report in March.
Around 23 million Americans would lose health care insurance by 2026, the new report found. The CBO had previously projected 24 million people losing health coverage. However, it remains unclear how much, if any, good news the Senate Republicans can take away from the government report.
Major insurer UnitedHealth, which caused a stir in the fall by saying it might leave Obamacare, lost $720 million from the individual health insurance market last year.
However, the country’s largest insurer still made a ton of money.
UnitedHealth said in its financial report released Tuesday that the $720 million comes from losses “related to the individual exchange-compliant insurance business.” The individual marketplace includes Obamacare.