Their report deals a stiff blow to a GOP drive already under fire from both parties and large segments of the medical industry. The congressional experts said the market for individual policies "would probably be stable in most areas under either current law or the (GOP) legislation." On the plus side for Republicans, the budget office said the GOP measure would reduce federal deficits by $337 billion over the coming decade. That's largely because it would cut the federal-state Medicaid program for low-income Americans and eliminate subsidies that Obama's law provides to millions of people who buy coverage. The GOP bill would obliterate the tax penalties Obama's law imposes on people who don't buy coverage, and it would eliminate the federal subsidies reflecting people's income and premium costs for millions.

Source: The China Post March 14, 2017 00:00 UTC