Paul Ryan: ‘We’re going to be living with Obamacare for the foreseeable future’

On Friday afternoon, after postponing a vote for his American Health Care Act bill twice in 24 hours, House Speaker Paul Ryan gave a statement to the press on how the Republican caucus in the lower house failed to come to a consensus and thus the American people “are going to be living with Obamacare for the foreseeable future.”

“We came up short,” Ryan told reporters. “I spoke to the president a while ago, and I told him that I think the best thing to do is pull this bill and he agreed with that decision. I will not sugarcoat this. This was a disappointment for us.”

Ryan added that he was “really proud of the bill” that he and Congress had put together in a matter of two weeks. “What’s most troubling,” Ryan continued, “is the worst is yet to come with Obamacare.”

Flaws of the Affordable Care Act aside, it’s worth noting that on Thursday the Congressional Budget Office shared its updated assessment of Ryan’s American Health Care Act. New estimates released by the CBO projected that the Republicans’ proposed Obamacare replacement would save the government much less money than originally thought.

Taking into account recent amendments to the proposed AHCA, the CBO reported there will be smaller savings over the next 10 years for the federal government. While initial reports estimated $337 billion in savings, the updated numbers show that the new health care laws would only save the government $150 billion. That’s less than half of the original estimated savings, yet just as many Americans will lose insurance.

Meanwhile they project that by 2026, 52 million people under age 65 would be uninsured. That number would be just 28 million under Obamacare.

“We gotta do better, and we will,” Ryan said. “This is a setback — no two ways about it — but it’s not the end of the story.”

[screen shot: Speaker.Gov]

Tags: ahca, Paul Ryan