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
- Semi-retirement: helping clients balance flexibility with financial security
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
More Advisor NewsAnnuity News
- Athene CEO criticizes offshore reinsurance, risk-taking by competitors
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Annuity NewsHealth/Employee Benefits News
- A 'critical service': Senior centers help local residents navigate complexities of Medicare coverage
- Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
- Sen. Baldwin proposes lowering Medicare eligibility age to 50
- SENS. OSSOFF CONTINUING PUSH TO BAN HEALTH INSURANCE COMPANIES FROM DENYING OR DELAYING NEEDED HEALTH CARE
- Reed: Can this father be appointed child's guardian?
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Fubon Insurance Vietnam Co., Ltd.
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Life Insurance News