Healthcare Stocks Are In Focus After The CBO Scores the AHCA

The latest House plan to repeal the Affordable Care Act and replace it with a plan crafted by Republican lawmakers would increase the number of people without health coverage by 14 million from today's coverage level in 2018, and by 23 million by 2026, according to estimates released by Capitol Hill budget and tax analysts Wednesday. The plan would cut the deficit by $119 billion through 2026.

The Congressional Budget Office numbers refer to the ACA repeal and replace bill passed by the House along party lines on May 4.

Those figures are a change from numbers the CBO previously released for its analysis of a bill that failed to pass the House in March. The deficit reduction would be $32 billion less than the estimated net savings for the March proposal.

The number of people with health insurance would, by estimates of CBO and the Joint Tax Committee's staff, be slightly higher and average premiums for insurance purchased individually. In other words, non-group insurance would be lower, in part because the insurance, on average, would pay for a smaller proportion of health care costs.

This article was written by a staff member of TheStreet.