Oct. 25 (UPI) -- A bipartisan plan to stabilize the healthcare marketplace under the Affordable Care Act would lower the federal deficit by $3.8 billion and "would not substantially" change the number of people with health insurance, the Congressional Budget Office said Wednesday.
The CBO said the $3.8 billion in savings over a decade would partly come from allowing states to offer lower-cost, catastrophic health insurance plans to younger, healthier customers. Attracting these younger customers would likely lower premiums across the board, saving the government more than $1 billion in subsidies.
Trump initially gave his tentative support to the bipartisan deal, but said it was only a short-term solution for one or two years. A day later, he withdrew his support, saying the federal subsidies amounted to a bailout for insurance companies.
"We'll see ... But I won't do anything to enrich the insurance companies because right now the insurance companies are being enriched. They've been enriched by Obamacare like nothing anybody has ever seen before," he said.