The CBO - Congressional Budget Office, has projected huge losses to Health insurance coverage both now and over the next decade if the Senate health care bill comes into effect. The CBO estimates that 22 million fewer Americans would be uninsured under the bill and by 2026, the number of uninsured would rise to 49 million.

Donald Trump's promise of better healthcare for all

When the long awaited Senate health care bill was unveiled this week, Donald Trump tweeted his support for the bill saying that he was looking forward to "making it really special!" However, during the election campaign and as president, Trump repeatedly promised health care for all with the repeal and replacement of Obamacare.

He said that healthcare for everyone was just human decency.

When Trump first launched his candidacy for president, he made it clear that he wanted everyone covered even if it was the un-republican thing to do. He also said he was going to take care of everyone and that the government would pay for it. He was adamant that medicare would not be cut. It was a theme that Donald Trump would take with him into the presidency.

Tens of millions to lose health Insurance

The major finding of the CBO is that the newly revised senate bill would push the number of uninsured to 49 million in 2026 as opposed to 28 million under the present bill. But there is some good news for the deficit. According to the CBO, the bill would reduce the federal deficit by $321 billion between 2017 and 2026.

Key findings of the Congressional budget office include:

  • The waiting period provision would mean that slightly more people would be able to maintain coverage between 2018 and 2026 excluding 2019.
  • Premiums would increase in 2018 and 2019. By 2020 and beyond there could be a reduction in premiums because poorer and older Americans may be priced out of the market.
  • A substantial increase in deductibles and out of pocket cost.

The fate of Trump's Obamacare repeal

The fate of Donald Trump's repeal of Obamacare could be in trouble as several republican senators have publicly expressed concerns over the Senate Republican healthcare bill in its current form.

The senate GOP leadership is working to mitigate the concerns of those senators ahead of the vote. Both Vice president Mike Pence and President Donald Trump are actively using their influence to get support for the bill. While Pence dined conservative caucus members, Trump was calling on reluctant members to get their support for the bill, according to White house reports.