Credit: Business Insider

The actual policies contained in the Better Care Reconciliation Act, the Senate Republican plan introduced on Thursday to repeal and replace Obamacare, would help some Americans a lot. The biggest winners are households making $250,000 a year or more, which would see two different taxes targeting them repealed; households with millions in investment income would come out particularly far ahead.

 But vastly more Americans would come out behind. 22 million will lose health care coverage, according to the Congressional Budget Office estimated would lose insurance under the bill that passed the House in May. Medicaid beneficiaries will have to deal with $774 billion in cuts over ten years, plus additional ones in years after that.

And because the bill substantially weakens regulations for both individual and employer plans, millions of people who still get insurance will see the extent of their coverage shrink, and see themselves forced to pay out of pocket for expensive procedures that would otherwise be covered.

The list of […]

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