September 8, 2017. This article discusses the potential devastating consequences of passing the Cassidy-Graham bill, new legislation that repeals and replaces the Affordable Care Act (ACA) like previous efforts made by Congressional Republicans. The bill would cut New York’s federal funding by $22 billion for health coverage by 2026, according to a new report by the Center on Budget and Policy Priorities based in Washington DC. New York would be the hardest-hit state, with an eye-popping estimated cut of 70 percent in 2026, relative to current law.
You may not have heard of the Cassidy-Graham bill but the Fiscal Policy Institute has and they are worried. The measure, being proposed in Congress, would be a slimmed down, or mini-version of President Trump’s Obamacare repeal effort that blew up earlier in the summer.
The labor-backed FPI notes that the measure would, if it passes, lead to sharp Medicaid funding reductions for states like New York.
There’s no indication that passage and signing of the bill is imminent but the FPI’s response may indicate some of the Whack A Mole activities that are ongoing surrounding the fate of the Affordable Care Act AKA Obamacare.
Here is the link to The Times Union.