TrumpCare To Cost 23 Million Americans Their Health Insurance By 2026
According to a report released by the CBO and JCT, Wisconsin Republicans voted to raise premiums on their own constituents to the tune of a twenty percent hike starting just next year.
MADISON — Last month, Congressional Republicans scrambled to ram their TrumpCare bill through the House of Representatives on a tight vote despite reports that the bill would likely kick millions of Americans off their health insurance – including those with pre-existing conditions. Today, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) confirmed that speculation and brought Republican’s vote into clear context.
According to a report released by the CBO and JCT, Wisconsin Republicans voted to kick 23 million Americans off of their health insurance by the year 2026 and to raise premiums on their own constituents to the tune of a twenty percent hike starting just next year.
The cost of TrumpCare:
- 14 million to lose insurance by 2018
- 19 million to lose insurance by 2020
- 23 million to lose insurance by 2026
- 51 million people under age 65 uninsured by 2026
- Increased premiums by 20 percent in 2018
- Increased premiums 5 by percent in 2019
- $600 billion in tax giveaway to millionaires and billionaires
If Trumpcare becomes law older Americans will pay more, people with pre-existing conditions become subject to expensive high-risk pools, over $800 billion will be cut from Medicaid, states can opt out of the Affordable Care Act’s essential benefits clause, and millions of women will face even higher hurdles to accessing critical health services – all in the name of tax giveaways for the super-rich.
“It pained me to see Speaker Paul Ryan and other Wisconsin Republicans celebrating the passage of Trumpcare last month because I knew that their bill would be devastating for millions of Americans – especially those with pre-existing conditions. Now we know with certainty that 23 million Americans will potentially lose their care—including 14 million who would lose it thanks to their more than $800 billion cut to Medicaid,” said Democratic Party of Wisconsin Chair Martha Laning. “Wisconsin Republicans should be ashamed of celebrating higher costs for seniors. They should be ashamed of celebrating health plans without essential benefits like mental health services and addiction treatment. They should be ashamed that they sold-out their own constituents for a massive tax giveaway for millionaires and billionaires like Donald Trump. I’m proud of Democratic members of Congress who continue to fight against this disastrous bill and stand up for our shared value that every American should have access to affordable, quality healthcare.”
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CBO report states ending the Cost Sharing Reductions for insurers will result in the increase of premiums by 20% in 2018 and 25% by 2020.