It’s even worse than you thought it would be.
Senate Republicans’ bill to erase major parts of the Affordable Care Act would cause an estimated 22 million more Americans to be uninsured by the end of the coming decade — only about a million fewer than similar legislation recently passed by the House, according to the Congressional Budget Office.
The forecast issued Monday by Congress’s nonpartisan budget scorekeepers also estimates that the Senate measure, drafted in secret mainly by Majority Leader Mitch McConnell and aides, would reduce federal spending by $321 billion by 2026 — compared with $119 billion for the House’s version.
The CBO estimates that two-thirds of the drop in health coverage a decade from now would fall on low-income people who rely on Medicaid. And among the millions now buying private health plans through ACA marketplaces, the biggest losers would roughly parallel the ones under the House’s legislation: The sharpest spike in insurance premiums would fall on middle-aged and somewhat older Americans.
In short: You’re screwed unless you can pay for your health care without insurance thanks to the huge tax cut you’re going to get. And if you think that’s a great idea, you’re an idiot.
Over to you, Charlie Pierce.
Here’s how to know how much of a sucker you are. If you believe anyone on TV who says this bill is an “improvement” over the House bill, sign over all your property to your nearest sane relative.
If you put credence into the notion that the Senate bill has an upside because of its effect on The Deficit, hire someone to cut your meat for you for the rest of your life. Try to keep in mind the Blog’s First Law of Economics: Fck the deficit. People got no jobs, people got no money.
The only lightheartedness that I’ve gotten out of this is watching Republicans try to explain this clusterfuck on TV. It’s like they know they’ve strapped a cancer on their genitals and trying to explain that it’s just awesome. I’m also looking forward to seeing how they get by when they’re voted out of office, lose their employer-paid insurance, and have to find it on their own. Good luck, sucker.