Tags: graham cassidy | healthcare | funding | 160 billion | analysis | kaiser

Kaiser: Graham-Cassidy Bill Slashes Funding to States By $160 Billion

Kaiser: Graham-Cassidy Bill Slashes Funding to States By $160 Billion
(AP)

By    |   Thursday, 21 September 2017 03:44 PM

The majority of states, plus the District of Columbia, would lose as much as $160 billion in federal healthcare funding under the GOP's latest healthcare bill, a new analysis shows.

The Kaiser Family Foundation looked at the Graham-Cassidy health bill, which will likely be put up for a vote next week, and determined it would cost the federal government less money but would have a negative long-term affect.

"Based on our estimates, overall federal funding for coverage expansions and Medicaid would be $160 billion less than current law under the Graham-Cassidy bill over the period 2020-2026. Thirty-five states plus the District of Columbia would face a loss of funding," the analysis reads.

"We estimate that federal funding under the new block grants would be $107 billion less than what the federal government would have spent over the period 2020-2026 for ACA coverage."

The bill would block grant money to states, which would then design and build their own health insurance platforms. Kaiser said that leaves too much room for error.

"This bill leaves enormous discretion to states to determine what to do with federal block grant funding and what protections to provide in the individual and small group insurance markets," the analysis reads.

"It is difficult to anticipate how much of the funds states will devote to coverage or what types of programs they will arrange, so estimating how many people will be covered, and the adequacy of that coverage, is quite difficult. Because the bill does not provide for block grants beyond 2026, federal funding would drop precipitously after that if Congress does not act to reauthorize funding, resulting in a significant increase in the number of people uninsured."

The Senate can pass the legislation via a simple majority on or before Sept. 30. After that, it will need 60 votes to get through.

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The majority of states, plus the District of Columbia, would lose as much as $160 billion in federal healthcare funding under the GOP's latest healthcare bill, a new analysis shows.
graham cassidy, healthcare, funding, 160 billion, analysis, kaiser
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2017-44-21
Thursday, 21 September 2017 03:44 PM
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