Wednesday, March 15, 2017

GOP Medicaid Overhaul Would Cut Funding By $880B Over 10 Years: CBO

Tierney Sneed · Monday, March 13, 2017, 5:14 pm

The federal government would slash its funding on Medicaid by a quarter -- or $880 billion -- over the course of 10 years, if the GOP's overhaul of the program in the American Health Care Act is implemented, according to an analysis released Monday by the Congressional Budget Office.

The cuts would come from a phase out of Obamacare's Medicaid expansion and a transformation of the overall program into a block grant in the form of per capita caps. As a result, 14 million fewer people will be enrolled in Medicaid by 2026 than would be under current law, the CBO said, shrinking the projected enrollment in the program by 17 percent.

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