The House-passed measure to repeal and replace the Affordable Care Act would likely lead to more uninsured Americans, but reduce the federal deficit, according to updated analysis from the Congressional Budget Office.

FOX's Jared Halpern has more from Capitol Hill:

The American Health Care Act would reduce the deficit by nearly $120 billion over the next 10 years, according to analysis by the non-partisan Congressional Budget Office and Joint Committee on Taxation.

The CBO score also predicts individual insurance premiums would fall, though that's partly due to insurance covering a smaller proportion of health care costs, especially in states that choose to reduce essential health benefits that could increase out-of-pocket spending.

Also, it's predicted far fewer people would have health insurance, compared to the current law. The CBO predicts 23 million more uninsured and a few million using tax credits to purchase polices that don't cover major medical risks.

On Capitol Hill, Jared Halpern, FOX News.

Follow Jared Halpern on Twitter: @JaredHalpern