Millions Will Lose Health Coverage Under Leaked ACA Repeal Bill, Says CAP
Targeted News Service (Press Releases)
WASHINGTON, March 3 -- The Center for American Progress issued the following statement by Vice President for Health Policy Topher Spiro on the leaked ACA repeal bill text:
"The leaked basement bill is pretty much the same as the previous leaked bill. With deep cuts to Medicaid and much lower tax credits, the leaked basement bill would still cause millions of people to lose their coverage. It would also shift costs to consumers, increasing their costs by an average of $1,380 per year.
"The impact would be particularly severe for older people ages 55 to 64, whose costs would increase by $5,118 per year. While hitting older, sicker, and lower-income people with increased costs, the bill would also increase taxes on the middle class--all while cutting taxes for the wealthy.
"Congressional Republicans are playing within the same ballpark, so the horrific Congressional Budget Office score will be the same. Their approach is inherently flawed, and they can't repeal math."
How new Southern California air cleanup plan could affect warehouses, ports
Greenpeace: Leaked EPA Cuts Show Trump Is Still Disaster Despite Fancy Speech
Advisor News
- A rising retirement challenge: The license to spend
- Financial stress leaves less room for retirement saving
- Giving while you’re living: 3 frequently asked questions about gifting
- Helping clients prepare for one of their biggest retirement expenses
- Important year-end financial conversations every advisor must have
More Advisor NewsAnnuity News
- A rising retirement challenge: The license to spend
- 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
More Annuity NewsHealth/Employee Benefits News
Life Insurance News