Graham-Cassidy ACA Repeal Bill to slash federal funding to states by $215B by 2026

The Graham-Cassidy ACA Repeal Bill, the recently proposed ACA repeal bill, would eliminate Medicaid expansion, premium tax credits, cost sharing reductions payments as well as individual and employers mandates and the Basic Health Program.

The legislation would give states block grants to pay for healthcare insurance coverage. A recent Avalere analysis found many states would receive a hefty cut in funding.

Here's what you should know:

1. The bill would truncate federal funding to states by $215 billion through 2026.

2. Over a 20-year period, the bill would lower federal funding to states by $4 trillion-plus.

3. Thirty-four states and Washington, D.C., would encounter funding cuts, with seven states experiencing funding reductions exceeding $10 billion.

4. Sixteen states will see funding increases due to the bill. Texas would receive a funding increase of $35 billion if the bill comes to fruition in its current form.

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