Republican healthcare bill would harm state finances: Moody'sSAN FRANCISCO (Reuters) - The Republican-proposed bill to replace Obamacare would be a credit negative for U.S. states, according to Moody’s Investors Service, because it would shift a greater share of the cost of Medicaid to the states. The bill, known as the American Health Care Act, aims to replace the Affordable Care Act, commonly known as Obamacare.  The bill proposes to shift federal funding for Medicaid, the government insurance program for the poor, from a state-match to a per capita cap, resulting in a greater financial burden on states, Moody’s reported. The proposal would also phase out funding for expanded Medicaid by 2020, leaving states to pick up the difference or to drop enrollees from their Medicaid programs.  The Congressional Budget Office estimated the proposed reform would cut federal spending by $880 billion between 2017 and 2026, reaching a 25 percent lower level by 2026 compared to current-law projections. “States will face difficult decisions in this regard,” Moody’s reported on Friday. “If states maintain the expansion programs for non-elderly adults with incomes up to 138 percent of the federal poverty level, they will be on the hook for a larger portion of expenses related to new enrollees.” Already, state Medicaid spending is expected to consume a larger portion of state revenues, growing by 28 percent of tax revenue by 2025, up from 24.5 percent in 2017, the rating agency estimated. politicsNews
republican healthcare bill would harm state finances francisco reuters the bill replace obamacare would credit negative states according moody investors service would shift greater share cost medical states the bill known american health care act aims replace affordable care act commonly known obamacare the bill proposes shift federal funding medical government insurance program poor per capita cap resulting greater financial burden states moody reported the proposal would also phase funding expanded medical leaving states pick difference drop enrolled medical programs the congressional budget office estimated proposed reform would cut federal spending billion reaching percent lower level compared projections states face difficult decisions regard moody reported friday if states maintain expansion programs adults incomes percent federal poverty level hook larger portion expenses related new already state medical spending expected consume larger portion state revenues growing percent tax revenue percent rating agency estimated politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Republican healthcare bill would harm state finances: Moody'sSAN FRANCISCO (Reuters) - The Republican-proposed bill to replace Obamacare would be a credit negative for U.S. states, according to Moody’s Investors Service, because it would shift a greater share of the cost of Medicaid to the states. The bill, known as the American Health Care Act, aims to replace the Affordable Care Act, commonly known as Obamacare.  The bill proposes to shift federal funding for Medicaid, the government insurance program for the poor, from a state-match to a per capita cap, resulting in a greater financial burden on states, Moody’s reported. The proposal would also phase out funding for expanded Medicaid by 2020, leaving states to pick up the difference or to drop enrollees from their Medicaid programs.  The Congressional Budget Office estimated the proposed reform would cut federal spending by $880 billion between 2017 and 2026, reaching a 25 percent lower level by 2026 compared to current-law projections. “States will face difficult decisions in this regard,” Moody’s reported on Friday. “If states maintain the expansion programs for non-elderly adults with incomes up to 138 percent of the federal poverty level, they will be on the hook for a larger portion of expenses related to new enrollees.” Already, state Medicaid spending is expected to consume a larger portion of state revenues, growing by 28 percent of tax revenue by 2025, up from 24.5 percent in 2017, the rating agency estimated. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: republican healthcare bill would harm state finances francisco reuters the bill replace obamacare would credit negative states according moody investors service would shift greater share cost medical states the bill known american health care act aims replace affordable care act commonly known obamacare the bill proposes shift federal funding medical government insurance program poor per capita cap resulting greater financial burden states moody reported the proposal would also phase funding expanded medical leaving states pick difference drop enrolled medical programs the congressional budget office estimated proposed reform would cut federal spending billion reaching percent lower level compared projections states face difficult decisions regard moody reported friday if states maintain expansion programs adults incomes percent federal poverty level hook larger portion expenses related new already state medical spending expected consume larger portion state revenues growing percent tax revenue percent rating agency estimated politicsnews