DemDaily: The True Cost of TrumpCare

March 14, 2017

Last Monday, March 6th, Congressional Republicans unveiled their new healthcare bill which would, in the President's words, "repeal and replace" Obamacare.

The American Health Care Act (AHCA) or "Trumpcare," which includes recommendations passed by the House Energy and Commerce Committee and the House Ways and Means Committee, was immediately attacked by Democrats, who claim it will drive up costs and take away coverage.

Tom Price HHS Secretary

Tom Price, HHS Secretary: "We disagree strenuously" with the coverage estimates in the report.

On Monday, the nonpartisan Congressional Budget Office came out with its analysis of the American Health Care Act, which backs up those claims - concluding that 24 million fewer people would have health insurance if the Republican legislation passes.

Despite the White House's *own internal numbers showing twenty-six million fewer people would have coverage (Politico), Health and Human Services Secretary Tom Price, tried to immediately debunk the report.

"Instead of admitting that the bill would leave millions without health insurance, Republicans are desperately trying to discredit the CBO with more 'alternative facts.' The American people are smarter than that." - DNC Chair Tom Perez

The bill, which was already facing criticism from conservatives and health care providers, flies in the face of Trump's campaign promise of "We're going to have insurance for everybody."

"I'm not going to cut Social Security like every
other Republican and I'm not going to cut Medicare or Medicaid." Under Trump's new plan, Medicaid is being slashed across the board.

Republicans argue that the CBO reports that the legislation would cut $337 billion in federal budget deficits, but it is questionable that the current breakdown will provide the support necessary to pass the bill.

The Highlights

  • The law would reduce the deficit relative to current law by $337 billion over the next ten years.Taxes on the roughly top 5% of income-earners under the current law would considerably drop.
  • 14 million people could lose their health insurance by 2018. By 2026, there would be 52 million Americans living without health insurance.
  • Initially, premiums will increase, but in the long run (as there are fewer requirements for insurers to cover certain benefits), the CBO found that premiums could end up decreasing as much as 10% from current rates - at the expense of coverage quality.
  • Insurers would be allowed to charge five times more for older enrollees than younger ones (rather than three times under Obamacare). Premiums could go way up for older people, and down for younger people.

See the Full Congressional Budget Office (CBO) Report.

DemList will keep you posted as developments unfold!

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