CNN Money

By: Tami Luhby

Lawmakers only had a few hours to consider the “skinny repeal” bill before voting on it. The legislation would have unwound parts of Obamacare in hopes of winning the approval of at least 50 of their members. Senators would have then hammered out a final bill with the House in a conference committee.

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However, the CBO estimates that 7 million fewer people will be covered under Medicaid in 2026, and the federal government would spend $235 billion less on the program over a decade. This may be largely because fewer people would sign up if the individual mandate were eliminated, said Joan Alker, executive director of Georgetown’s Center for Children and Families.

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