CBO Analysis: Trump’s Sabotage Will Force Even Higher Premium Hikes Than Previously Predicted, Inject Uncertainty in the Health Care Market
Protect Our Care Campaign Director Leslie Dach released the following statement after 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.
“This is the latest confirmation that the Trump administration’s plans to sabotage our health care will hurt millions of middle class Americans — bringing substantial uncertainty to the health insurance markets and forcing even higher double digit premium hikes. President Trump seems to prefer playing political sabotage games over doing his job of lowering costs and improving our health care. Whether he tries to repeal health care by legislation or by sabotage it means higher costs and less coverage for American families — and he will be responsible for those results.
“It’s time for all Republicans in Congress to stand up to Trump’s sabotage agenda, work with Democrats and pass real market stabilization reforms to improve our health care system.”