collapse and leave everybody without affordable health care. we are doing an act of mercy by repealing this law. i believe we explained on this program before that is not true and not just because insurance actuaries say so, because they do, look at the most significant and overlooked part of the cbo score of the gop plan. the non-group market would probably be stable in most areas under either current law or the legislation. the non-group market under current law is the healthare exchanges under the affordable care act which the seek owe says will probably be stable, not collapse, not go into a death spiral. the cbo explains why those obamacare exchanges will remain stable. subsidies for those buying health care and penalties for those who don t, it stabilizes the market over time. the other thing the seen joe score shows in sharp relief is the staggering distribution of wealth under the gop plan. cuts to medicaid and the poor and working poor totaling $880 billion, tax cuts for t
warfare of the rich and poor. according to the cbo, the combined population of alabama, colorado, kentucky, missouri and utah would lose health care by 2026. the bill cuts medicaid by $880 billion, about 25%, while putting in place an $883 billion tax cut that mostly overwhelmingly benefits the wealthy. it s basically the legislative equivalent of robin hood but in reverse taking from the poor, giving to the rich. you know who gets its the worst off? older, poorer, rural americans, the very people who put trump in the oval office. last night, we aired our town hall from mcdowell county, the poorest county in west virginia, poorest state, where 5% of voters cast ballots for trp. watch what happened when i asked how many people depd on medicaid. how many people in the room are either on medicaid or someone they know or love is on
that conservative wing of the republican party continue to build up opposition to the bill. at the same time you have more centrist wing in the united states senate not going to go along with any changes that donald trump and paul ryan, if they were to agree to on the conservative side. if you were to look at it today, bill we re say seeing, not going to be the bill that will emerge. it is skeleton bill of what could potentially come out. talk about what is in the bill. $883 billion in tax cut, most to businesses and wealthiest americans. is it a tax cut for the rich disguised as health care plan? i think it s political suicide from the house republicans. if they want go this route deny betsy won t like this but deny 24 million americans who have coverage now, have them lose it and provide $800 billion
we are blocked granting medicaid back to the states, saving $880 billion there. this is an $883 billion tax cut for families and small businesses that helps lower their health care costs and it saves money and reduces the deficits. that s really good on all those points. what the cbo is also telling us, by having state-based high-risk pools, tax credits, you can buy what you want in health savings accounts, they are telling us our reforms stabilize the market and lower premiums when the reforms take place. you juxtapose that against a collapsing obamacare system, double-digit premium increases this year, worse next year. very few plans offered. down to one plan in 1 out of 3 counties. zero plans in some places next year. we are witnessing the collapse of obamacare and what cbo is telling us is the replacement plan stabilizes the situation, brings down costs. this is stage one of a three stage process.
congressional budget office released its surprisingly scathing score. chief congressional correspondent michael major league manuel joins us live. the numbers have a lot of folks concerned here are the projections in terms of people will lose healthcare coverage. there are points behind this republican healthcare alternative are selling. they like the idea that would lower premiums overtime by 10%. increasing choices for encourages and families. reducing the federal deficit by $337 billion and lowering taxes by $883 billion providing much needed tax relief for middle class families and small businesses. the house majority leader is selling some of those aspects. when you look at the cbo numbers, you should be encouraged that we ll lower premiums and bring healthcare with more choice, more opportunity and empower the individual to make that decision. as for enroll of the congressional budget office