american health care act to win enough votes to have it passed. congressional budget office has added up the cost. the headline of the report that democrats are jumping on tonight is that over the course of the next decade, there are a projected 23 million people without insurance. unless you are a healthy millionaire, trumpcare is a nightmare. this report ought to be the final nail in the coffin. congressional budget office projects that if the american health care act becomes law of the land, 51 million people under age 65 will be uninsured in a decade. that s 23 million more uninsured than if obamacare remains in place. the budget office projects lower premiums and the deficit that s $119 billion lower. republicans who have always been more about access to insurance instead of actual coverage are claiming victory tonight. speaker ryan said the cbo
unleash creativity. and show our kids the future. some build walls to divide us. but the california teachers association knows these are walls that bring us together. because quality public schools build a better california for all of us. the numbers are in. the congressional budget office scoring meaning calculating the cost and impact of the gop health care bill. and here it is. over a ten-year period according to the cbo, 23 million more people would be uninsured. now, that is a tough sell for the gop for the midterm elections. but the bill would also reduce federal deficit by $119 billion. 20 days ago it was all high fives and hugs in the rose garden but as i said then there was and is a long way to go. and before the estimate came out, senator mcconnell senate majority leader said this. i don t know how we get to 50 at the moment, meaning 50 votes
the congressional budget office released its report on the health care bill passed by the house earlier this month. let s get to nbc s kasie hunt who we just can t quit on capitol hill. reporter: hi, nicolle. we do have breaking news with the cbo report as expected late this afternoon. so the initial top line, we ve been talking about whether or not the house may have made some errors in this bill and would need to have another dramatic floor vote. that is not the case based on this cbo score. this estimate says that it will save about $119 billion over the course of 10 years. they needed the number to be more than $2 billion. they cleared the threshold easily. this will allow them to send the bill to the senate and proceed to next steps. there are numbers in here that are a little different from what we knew before, the original version of this bill had been
endowments, we will put in the screen, combined, harvard, princeton, yale, $119 billion is the endowment fund behind of those schools yet billions are pouring in in federal funding, why? the ivy league has gained the system for personal personal gain, $120 billion worth of endowment funds. we did analysis on that and over the course of the next 51 years at the current rate of growth of their endowment, they can provide free student tuition to the e life leant of every single undergraduate at their university without any further tbifts. with further gifts that can go in perpituity.
government. that is $854 million per school per year. urmally taken through undergraduate tuition. it s not that they are poor, the combined endowment for those eco-schools separated apart where 119 billion in 2015. that is greater than the gdp of 16 states and more than 130 countries internationally. keep in mind, thanks to federal law, those endowments are allowed to grow tax-free. that have stem posting $6 billion. are you getting that deal with your investments? probably not. most ivy league professors say they pay higher taxes. it should be time to take them up on their higher might offer. keep in mind, they despise you and everything you stand for. that s it for us. turning every night at 9:00 for the show that is the sworn enemy of lying pomposity, smugness, and groupthink. dvr it if you don t already. starting monday, we moved back next door to a brand-new studio.