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Senate Obamacare Repeal And Replace Bill Cuts Taxes By $700 Billion

Source: forbes.com - Jun 27, 2017

The Congressional Budget Office (CBO) today released their score of the "Better Care Reconciliation Act of 2017" (BCRA). There's the usual nonsense about how millions of people will lose coverage (which only makes sense if you think the individual mandate is a good idea or that using an outdated Medicaid coverage baseline is sound actuarial science), all of which can be safely ignored as #fakenews.

The tax side is pretty straightforward, however. It's a tax cut of $700 billion, achieved by repealing all the tax hikes in Obamacare and expanding health savings accounts (HSAs). Three quick thoughts:

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Category: General Business