CBO: New healthcare plan could uninsure 14 million people by next year
Fourteen million more Americans would be uninsured under the new healthcare bill than under Obamacare in 2018, according to the CBO, or the Congressional Budget Office.
The report was released Monday.
It predicts 24 million people would lose healthcare in the next 10 years under the Republican replacement plan.
President Donald Trump stands behind the Republican's repeal of Obama's healthcare plan but democrats, like Nancy Pelosi, are adamantly against it.
"How can they look their constituents in the eye when they say to them, 24 million of you are no longer going to have coverage. Those of you who do have it will have less in terms of coverage at more cost to you," Pelosi said.
The U.S. Health and Human Services Secretary says the report is wrong.
"We disagree strenuously with the report that was put out. We believe that our plan will cover more individuals at a lower cost and give them the choices that they want for the coverage that they want for theirselves and their family," Tom Price said. "Not that the government wants them to buy."
President Trump says it is true that costs will go up next year and possibly the next.
"More competition and less regulation will finally bring down the cost of care and I think it will bring it down very significantly. Unfortunately it takes a while to get there because you have to let that marketplace kick in," Trump said.
Here in Chattanooga, some republicans are glad to see Trump pushing for changes to Obamacare.
"He ran on certain campaign promises and he is doing what he said he was gonna do. And you can't take that away from him," Gary Green said.
Democrats worry this replacement plan could be costly and put more burden on the American people.
"It is a real big deal, I mean it could not only cost a person not being able to get the care they need, but it can cost everything they've earned their entire life," Terry Lee said.
Wednesday the U.S. House Budget Committee will look over the bill before it goes to the House floor for a vote.
Tennessee's Diane Black is the chair of that committee.