In January, Donald Trump promised to replace the the Affordable Care Act (Obamacare) with a plan that provided “insurance for everybody.” Well, he lied.
The newly revised Republican bill to repeal and replace the Affordable Care Act will leave almost 24 million more people uninsured by 2020 than if that act, also known as Obamacare, were to remain in place. The GOP bill would also reduce the deficit by $119 billion over 10 years, the non-partisan Congressional Budget Office reported Wednesday.
The CBO predicts that fourteen million people would lose insurance in the next year alone, the report says, according to NPR. Premiums would be increased by an average of 15 to 20 percent, with older Americans paying “substantially more.”
The plan, known as the American Health Care Act, or Trumpcare, greatly curtails Medicaid expansion and scraps the requirement for employers with more than 50 employees to provide health insurance to full-time employees. In return, the wealthiest 2 percent of Americans will save $275 billion in taxes over the next 10 years.
The bill repeals the increase in the Medicare payroll tax for high earners, reducing the solvency of the Medicare Trust Fund by four years, to 2025 from 2029. People in their 50s and 60s could see premiums rise by $2,000 to $3,000 per year, according to the AARP.
The CBO also notes that the AHCA could mean some Americans would buy policies that don’t cover “major medical risks.” Older, lower-income Americans will pay higher premiums
“This bill will make Americans sicker and poorer,” said Richard Fiesta, Executive Director of the Alliance for Retired Americans. “President Trump promised to replace the ACA with a plan that expanded health care coverage at a lower cost. This plan does neither but rather provides the wealthiest Americans and insurance corporations with enormous tax cuts.”
The plan has already cleared two House committees and GOP leadership hopes to move the “repeal and replace” bills quickly.
Tell your Representative to scrap this attack on our health care. Call the Capitol Switchboard at 202-224-3121.