The Affordable Care Act includes $3 trillion in savings through Medicare over the next 10 years, according to the nonpartisan Congressional Budget Office.
That’s more than enough to fund a Medicare-for-all health care system.
The savings come from several tax breaks that President Trump wants to use to help pay for the law, including tax deductions for state and local governments and a reduction in federal tax rates for businesses.
The $3 billion is a small fraction of the overall $110 billion cost of the bill, but the Congressional Budget Board estimated that Medicare savings will add up to $1.4 trillion over 10 years.
The White House has argued that the savings from the tax breaks will cover the cost of a $1 trillion plan.
In fact, the savings are more than offset by a larger deficit, and the Senate has already passed a version of the AHCA that includes tax cuts that would be offset by the savings.
But it’s not clear how the AHC’s $3,000 tax cut for businesses would be used.
In addition to the $3 million in savings for businesses, the bill would also increase tax credits for people earning less than $200,000 per year, as well as a new $1,000 child tax credit for families earning up to four children.
The new child tax credits will be a key part of the final bill, and they could make up the difference in some cases, as Trump has suggested.
It’s unclear how much the tax credits would cost to implement, or how much money they would cost the government.
If implemented as a full tax cut, the tax credit could add $4.6 trillion to the federal deficit over the decade, according a CBO report released last month.
And if the credit was used to pay for an $8 trillion plan that would pay for every American’s health care, it would add $3 to the national debt, according CBO.
The House of Representatives voted on Thursday to pass the AHCs final version, but it’s unclear when that vote will happen.
A new Congressional Budget office report shows that Trump’s AHCA could increase the national deficit by $3-5 trillion over the coming decade, with some of the money going to pay claims by the military and Medicaid, two programs that already receive a lot of federal money.