CBO Projects 11.8M to Lose Health Insurance Under Senate Tax Bill

The Congressional Budget Office (CBO) has released an analysis of the Senate Republicans' version of the tax bill linked to health insurance coverage. The report projects that this version would result in 11.8 million Americans losing their health insurance over the next decade. This figure is notably higher by nearly 1 million compared to the House's version of the bill, raising concerns among some Senate Republicans about the scale of cuts to health programs included in their proposal.

Within the total number of people losing coverage, approximately 1.4 million are individuals without satisfactory immigration status, as outlined in the CBO report. The differences between the Senate and House bills highlight potential impacts on the healthcare market and insurance coverage stability, especially given the ongoing debates over healthcare funding and policy adjustments.

The Senate bill's more aggressive approach to reducing health program funding may accelerate coverage losses, creating implications for healthcare providers, payers, and regulatory bodies monitoring compliance and access. Stakeholders in the insurance industry will likely need to assess the downstream effects on market risk pools, premium structures, and regulatory environments.

This CBO report adds crucial data to the federal policymaking landscape at a time when health insurance coverage remains a major focus of legislative debate. The findings underscore the importance for industry professionals to stay informed on potential policy changes that could affect insurance markets, regulatory frameworks, and consumer access to coverage over the coming decade.