WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, released the following statement following the release of a Congressional Budget Office (CBO) report on the savings made by the Committee’s reconciliation text. The report found that over the next 10 years, the proposals passed by the Committee would result in $988 billion in savings.  

“Today’s report from the Congressional Budget Office shows how Energy and Commerce Republicans are rooting out waste, fraud, and abuse from the federal government,” said Chairman Guthrie. “Savings from policies including the spectrum auction, ending the Biden-Harris EV mandate, and enacting work-requirements for capable but unemployed adults are critical for reining in runaway spending. While my Democrat colleagues have been busy sharing inaccurate information for their campaign of fear, this CBO score shows how Republicans have been busy developing commonsense policies to deliver a victory for American families and taxpayers. It is time to pass this legislation and deliver on President Trump’s agenda.”   

Read the full bill here. 

Read the CBO Estimated Budgetary Effects here.  

Background: 

According to the Congressional Budget Office the coverage loss from Medicaid enrollees under the bill come from removing illegal immigrants, able-bodied adults choosing not to work, and individuals who are not actually eligible for Medicaid. CBO also estimates that the bill would lower benchmark premiums in the ACA marketplace by an estimated 1.4 percent.

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