The proposed replacement for America's current government health care plan would save money through 2026, but could leave 24 million people without insurance, according to a government agency tasked with performing cost-benefit analyses of proposals.
The report by the Congressional Budget Office (CBO), supported by the staff of the Joint Committee on Taxation, said in its Monday report that the proposed replacement to existing health care law - commonly known as Obamacare, after former president Barack Obama - would save 337 billion dollars in government spending between 2017 and 2026.
The savings would come primarily in reduced spending for Medicaid, an assistance programme for low-income families, and an end to subsidized health insurance, two of the hallmarks of Obama's policy. It notes that new costs would be incurred by a new tax credit for health insurance.
Those changes mean that, by 2018, 14 million more people would be without insurance than if existing legislation was allowed to remain in place. That figure grows to 21 million by 2020 and 24 million by 2026, the CBO reported.
That growth in the number of the uninsured stems from the fact that states, which manage key parts of Medicaid, would likely reduce eligibility without the federal support that comes with Obamacare, also known as the Affordable Care Act.
"In 2026, an estimated 52 million people would be uninsured, compared with 28 million who would lack insurance that year under current law," reads the report.
The White House says that many of those uninsured are people who would not sign up to government health care plans because they do not need such assistance.
The CBO noted that its analysis had to be conducted in a rush because of a push to repeal Obamacare and replace it with new legislation, meaning it was impossible to quantify some macroeconomic effects of the new law.