Nobel laureates voice opposition to Senate health care bill

Forty economists, six of whom are Nobel laureates, have joined the growing number of those opposed to the Senate health care bill.

Collectively, they sent a letter on Monday asking the Senate to rethink its legislation.

"The Senate bill would reduce assistance for the millions of people who buy coverage through the...marketplaces. Many now eligible for tax credits would be denied them entirely. States would be allowed to opt out of regulations that allow less healthy people to buy insurance at reasonable rates," the economists wrote.

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The letter further notes, "We call on Congress to work on legislation to improve the health delivery system, in general, and The Affordable Care Act, in particular."

The American Medical Association expresses similar concerns and suggestions, stating, "We sincerely hope that the Senate will take this opportunity to change the course of the current debate and work to fix problems with the current system. We believe that Congress should be working to increase the number of Americans with access to quality, affordable health insurance instead of pursuing policies that have the opposite effect..."

Other groups that have spoken out against the Senate plan include the American Cancer Society and the United States Conference of Catholic Bishops, notes the New York Times.

Meanwhile, Senate Majority Leader Mitch McConnell is continuing to push for a vote on the bill this week.

On Monday, the nonpartisan Congressional Budget Office or CBO released the estimated impact of the Senate health care plan, noting, "The Senate bill would increase the number of people who are uninsured by 22 million in 2026 relative to the number under current law..."