CBO: 20–25 Percent Premium Increase, Nearly $200 Billion Cost to Taxpayers, Coverage Losses, Market Uncertainty If Trump’s Cancels Health Care Payments
While Republicans are in the midst of responding to the fallout from Donald Trump’s latest comments on the events in Charlottesville, soon they may have to answer for the President’s continued efforts to sabotage health care for the American people. Yesterday, the nonpartisan Congressional Budget Office confirmed that a decision by President Trump to cancel critical health care payments, known as Cost-Sharing-Reductions, would inject substantial uncertainty in the insurance markets, force premiums to increase by 20% next year and 25% by 2020 and increase costs to the taxpayer by nearly $200 billion over ten years.
The headlines on the CBO report are bad enough for Republicans, whose partisan repeal efforts, along with Trump’s bluster, have injected uncertainty into the health care marketplace. Imagine the fallout they will face if Trump follows through with his threat to cancel payments which lowers the cost of health care for millions of Americans.
How do Republicans get out of this box canyon they’ve marched themselves into? Oppose Trump’s irrational sabotage of health care and join in a bipartisan process to improve health care for the American people. If not, these headlines will only get worse.
Associated Press: CBO: Higher premiums if Trump halts Obamacare subsidies
NBC 11 Baltimore: CBO: Deficit would spike, premiums would rise if Trump ends Obamacare subsidies
USA Today: CBO: Ending Obamacare subsidies would raise premiums and the deficit
The Courier-Tribune: CBO: Deficit, premiums would rise if Trump ends subsidies
Fox Business: Health Exchange Premiums Would Rise 20% in 2018 If Subsidies Ended, CBO Estimates — Update
NPR: CBO Predicts Rise In Deficit If Trump Cuts Payments To Insurance Companies
Arkansas Democrat-Gazette: Insurer subsidy cut seen as costly
The Guardian: Trump healthcare subsidy cut would raise premiums by 20%, CBO says
Marketwatch: CBO: Trump threat to scrap cost-sharing payments would increase federal deficits, premiums
New York Times: Trump Threat to Obamacare Would Send Premiums and Deficit Skyward
Wall Street Journal: Health Exchange Premiums Would Rise 20% in 2018 If Subsidies Ended, CBO Estimates
Politico: CBO: Pulling Obamacare subsidies would drive up premiums, reduce coverage
The Hill: CBO: ObamaCare premiums could rise 20 percent if Trump ends payments
Washington Examiner: CBO: Cutting off Obamacare payments would jack premiums up 20 percent
Bloomberg: Halting Obamacare Subsidies Would Increase Deficit, CBO Says
CBS: Premiums and deficit would rise if Trump ends Obamacare payments, CBO says
CNBC: If Trump sabotages Obamacare, premiums will spike 25 percent by 2020, CBO warns
San Francisco Chronicle: CBO: Ending health subsidies would raise premiums 20 percent
Los Angeles Times: Deficit would jump, premiums would rise if Trump ends Obamacare subsidies, CBO says
Business Insider: CBO: Trump could cause healthcare costs to soar for millions of Americans if he ends critical Obamacare payments