Donald Trump will soon face an embarrassing budget deficit.
But that will not deter experts from warning that his first budget will not be a success.
The president’s plan will cost the United States $1.9 trillion in health care over 10 years, according to a new analysis from the Congressional Budget Office.
The CBO expects the $1 trillion increase in spending to “result in a significant decline in the number of covered individuals and a significant reduction in the size of the insured population.”
And that will have an adverse effect on the quality of care, according a study published by the American Medical Association and the American Academy of Actuaries.
Trump has pledged to reduce the number and size of coverage gaps, which they describe as a “burden on health care spending” and a “disaster for patients.”
The nonpartisan Congressional Budget Actuary (CBO) estimates that the Trump budget would result in a 10 percent increase in the uninsured rate.
That is a substantial increase over the average rate of decline during the Obama administration.
The ACA, which Trump has vowed to dismantle, is expected to bring about another 25 million Americans back into coverage.
The CBO also estimates that Trump’s proposal will lead to a 13 percent increase for the federal government, which is the largest single source of spending.
It also projects that, after accounting for inflation, the Trump proposal would add an additional $5 trillion to the federal deficit.
“We know that a plan that does not address health care costs, even if it is proposed to address the health care shortfall, would likely have a detrimental impact on the overall health of the American people,” said Robert Pear, president of the National Association of Actuary General.
“There is no doubt that the budget plan is a poor blueprint for a national health program.
It will have catastrophic consequences for the American taxpayer.”
In fact, the CBO expects that the president’s proposal would result a 15 percent decrease in the federal budget deficit over the next decade.
The Congressional Budget office also estimated that, over the decade, the ACA’s Medicaid expansion will cost an additional 9 million people coverage.
That, in turn, will result in an additional 4 million people dropping out of the program and causing the federal unemployment rate to increase.
That will cause premiums to rise, forcing many Americans to switch to private insurance.
The number of uninsured will also increase.
“The ACA has expanded coverage to millions of low-income people who would otherwise not have access to coverage, and it has been an economic boon for the health-care industry,” said Pear.
“With this plan, it is estimated that over the coming decade, more than 10 million Americans will be forced out of coverage.”
But the Trump administration is trying to push the number back up.
A press release issued on Wednesday from the White House Office of Management and Budget claimed that the administration will propose to eliminate the ACA, while proposing to “reduce the cost of health insurance for some individuals.”
The press release also said the administration would seek to “restore essential benefits,” including maternity coverage, coverage for prescription drugs, and the coverage of “preventive care, including cancer screenings.”
The administration also announced that it will not accept federal funding to pay for Medicaid expansion, despite the fact that Medicaid expansion is the single largest contributor to the cost to the nation’s overall health care system.
“In order to make this plan a success, the President must take decisive action to reduce costs for individuals and reduce the federal deficits,” said Dr. Stephen Moore, CEO of the Physicians Committee for Responsible Medicine.
“That means, first and foremost, a massive increase in health coverage, the repeal of Obamacare, and a full replacement plan that includes all of the benefits that the American Health Care Act provides, including a reduction in costs for the poorest Americans.”
In a statement, the American College of Physicians said the plan will result “in a massive expansion of government health care,” and that “health care will continue to be unaffordable for millions of Americans.”
“It’s hard to believe that a government health program that costs $1,400 for a plan will be funded at all,” said the group’s president, David A. Achenbach.
“Medicaid is already unaffordable, but this proposal will increase it to unaffordable levels.
If this plan is implemented, it will cost Americans $2,000 more each year.
And we can’t afford it.”
In addition to the proposed cuts in Medicaid, the administration has proposed a series of other proposals.
It has proposed that the Affordable Care Act be repealed, which could lead to premiums going up.
And it has proposed eliminating subsidies for people who buy coverage through their jobs.
“Repealing the ACA is a bad idea because it will result on a sliding scale, so there is a real risk that it would cause premiums for people to skyrocket,” said Moore.
“And this is where the