The Congressional Budget Office (CBO) has released its much-anticipated score of the American Health Care Act (AHCA). Over the next ten years, the CBO estimates that federal revenues will decline by $882.8 billion as a result of the repeal, delay, or zeroing out of most of ObamaCare's taxes, and federal spending will be reduced by $1.219 trillion. Overall, the deficit would be reduced by $336.5 billion from FY 2017 through FY 2026 under the proposed legislation.

As House Republican leaders try to convince conservatives in Congress to support the American Health Care Act, let's take a trip back in the time machine. Back in November 2003, Congress passed and President George W. Bush signed the Medicare Prescription Drug, Improvement, and Modernization Act, H.R. 1, which created Medicare's prescription drug benefit plan, known as Medicare Part D.

Christopher Jacobs has a great piece up over at The Federalist highlighting how the advanceable, refundable tax credits proposed in House Republican leader's ObamaCare "alternative," the American Health Care Act, might wind up taking a Byrd bath in the Senate. He raises a good argument, but other aspects of the bill may also fall victim to the "Byrd rule."

The House and Senate are in session this week

After a long wait and leaked discussion drafts, the House Ways and Means Committee and the House Energy and Commerce Committee have finally released their recommendations to repeal and replace ObamaCare. These committees were originally due to have their recommendations submitted to the House Budget Committee on January 27, as required by S.Con.Res. 3.

There is a meme developing in conservative circles that Sen. Rand Paul's (R-Ky.) ObamaCare Replacement Act, S. 222, retains ObamaCare's costly refundable tax credits. This faulty narrative is developing as a way to tamp down conservative opposition to the House Republican ObamaCare replacement effort, which includes a refundable tax credit.

The House and Senate are in session this week

Congressional Republicans have had nearly seven years to coalesce behind a patient-centered alternative to ObamaCare, but the discussion draft of repeal and replace legislation recently obtained by Politico shows that the GOP alternative to 2010 law is ObamaCare-lite.

The House and Senate are in session this week