Senate republicans' plan to replace Obamacare would cost an estimated 15 million Americans their health insurance coverage in 2018, according to a new estimate from the non-partisan Congressional Budget Office.
The immediate impact of the replacement plan is slightly less than the 17 million Americans who would lose health care insurance under a plan to repeal Obamacare without passing a replacement, which the CBO rated on Wednesday.
The group estimated the legislation would reduce federal deficits by $420 billion over the 2017-2016 period. According to the report that reduction is the net result of a $903 billion decrease in direct spending partly offset by a $483 billion decrease in revenues.