CBO Says Trumpcare Will Raise Premiums…Duh!

The Congressional Budget Office (CBO) has released a report showing how health insurance premiums will skyrocket under Trumpcare or whatever horror the Republican party will come up with next.

This report shows that Trump’s plan to tank Obamacare through executive actions will make premiums jump by 20 percent in the next year. It would leave up to five percent of people without any insurance options at all on the individual market.

The report also shows that premiums would jump 25 percent higher than what was previously projected for 2020.

The higher premiums wouldn’t be a problem for the majority of people who buy individual insurance. The cost would fall on the government. It would raise the deficit by $194 billion over the next years.

President Trump is threatening to get rid of the cost-sharing reductions with executive actions. This would effectively cause Obamacare to collapse and it would force the government to come up with a replacement plan.

Senate Democratic leader, Chuck Schumer of New York, said:

“Try to wriggle out of his responsibilities as he might, the C.B.O. the report makes clear that if President Trump refuses to make these payments, he will be responsible for American families paying more for less care. He’s the president and the ball is in his court — American families await his action.”

We need to be trying to fix health insurance, not making it implode.

Featured image via Twitter.

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