Cynical GOP Bill Increases Premiums by 10 Percent on Average, While Handing Massive Tax Breaks to Wealthiest 1 Percent

WASHINGTON, D.C. (Dec. 7, 2017) - On Thursday, December 7, Representatives David Price (D-NC) released a new analysis of the GOP Tax Scam that reveals dismantling the individual mandate would spike premiums by an average of 10 percent and lead to 35,400 fewer people having health insurance in North Carolina's 4th Congressional District.

The analysis by the Center for American Progress finds that, under the Senate bill, many healthy Americans who use the marketplaces will stop purchasing insurance, thereby pushing up premiums for all Americans and driving even more individuals out of coverage. At the same time, the Congressional Budget Office (CBO) reports that repealing the individual mandate will also result in millions currently enrolled through Medicaid or employer-sponsored plans to go uninsured. The CBO also highlights that, should the Trump administration follow through on their threat to terminate payments for cost-sharing subsidies, average premiums as well as the number of individuals uninsured are expected to spike much further.

"Every day, the American people learn more about the staggering consequences of the GOP tax scam," said Congressman Price. "With the addition of the healthcare provisions, this bill becomes downright deadly. Rather than crafting a bipartisan plan that supports the middle class, Republicans in Congress have fast-tracked an overhaul of the U.S. tax code based on voodoo trickle-down economics. As the Republicans go to conference on this bill, I will continue to speak out for the 408,000 North Carolinians poised to lose healthcare coverage with the passage of this scam."

The CAP report follows a report from the nonpartisan CBO that found that the GOP tax plan would significantly increase premiums and lead to 13 million Americans nationwide becoming uninsured.

Read this original document at: https://price.house.gov/newsroom/press-releases/congressman-price-spotlights-new-report-showing-gop-tax-scam-would-lead