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The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

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CBO Reports: House GOP’s Health Reform Bill Would Leave 23 Million More Uninsured in 10 Years

Washington, DC, May 25, 2017 — House Republicans-drafted and -passed American Health Care Act (AHCA), which would repeal and replace President Obama’s Affordable Care Act, would result in 23 million fewer people with health insurance over 10 years, the nonpartisan Congressional Budget Office (CBO) announced yesterday late afternoon.

This total is less than the CBO’s accounting of a previous version of the bill, which lacked enough GOP support to go to the House floor for a vote.

In addition, the CBO reported that an amendment that would allow states to waive certain regulations would mean premiums would be somewhat lower than in the previous version of the bill, and slightly more people would get coverage, because they are buying plans that cover fewer healthcare services.

The CBO report also said the AHCA, which had the enthusiastic support of President Donald J. Trump, would reduce the deficit by $119 billion over 10 years — less than the $150 billion reduction the CBO predicted in the previous version of the bill.

The CBO projected that a substantial number of people would live in states that took advantage of the new waivers for Obamacare regulations.

It projects that one-sixth of the population would live in states that took full advantage and waived both rules.

People with pre-existing conditions in those states would have difficulty affording coverage, the CBO found.

“Over time, it would become more difficult for less healthy people (including people with preexisting medical conditions) in those states to purchase insurance because their premiums would continue to increase rapidly,” the CBO report said.

Premiums for healthy people would be lower, but with a wide variation, the CBO found.

Overall, premiums would increase for two years before they decreased — by 20 percent in 2018 and 5 percent in 2019. After 2020, premium costs would depend on which states get waivers and how much funding they get from the proposal’s Patient and State Stability Fund.