CBO: OVER 10 PERCENT OF U.S. POPULATION WILL BE UNINSURED DUE TO THE REPUBLICAN BIG, UGLY BETRAYAL LAW
States News Service
The following information was released by the U.S. Senate Budget Committee:
37.4 Million Americans Are Expected to be Uninsured By 2036
WASHINGTON, D.C. - Today, U.S. Senator Jeff Merkley (D-OR), Ranking Member of the Senate Budget Committee, released the below statement after the nonpartisan Congressional Budget Office (CBO) released a report showing that the number of uninsured Americans climbs to 37.4 million in 2036, or 10.4% of the population "largely because of provisions of the 2025 [Republican] reconciliation act."
The increased number of uninsured Americans include the 15 million people who won't have health insurance coverage thanks to the health care cuts Republicans made in the Big, Ugly Betrayal Law that kicked Americans off their health insurance in order to fund tax breaks for billionaires, and the Republicans' decision to raise premiums for enrollees in the Affordable Care Act (ACA) marketplace.
"The reconciliation bill Republicans passed last summer is a betrayal to the families who depended on this Congress to fight for them. Instead of looking out for working Americans and making investments in health care, Republicans took control of Congress and rushed to slash health care coverage to ensure their billionaire friends could pay less in taxes," said Ranking Member Jeff Merkley. "Republicans have made it clear that their priorities are only about helping the powerful on the backs of the people who need help the most. Its families lose, and billionaires win.
"That's why Democrats are laser focused on building an economy that helps Americans thrive while ensuring the rich and powerful pay their fair share."
NEW MERKLEY BILL TACKLES DUAL CRISES OF WILDFIRE RISK AND INSURANCE AFFORDABILITY
Crypto Boosters See a Lack of CLARITY
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News