MURPHY: "THIS CBO SCORE JUST CONFIRMS THAT THE HOUSE REPEAL BILL IS STILL A HUMANITARIAN CATASTROPHE" - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 25, 2017 Newswires
Share
Share
Post
Email

MURPHY: “THIS CBO SCORE JUST CONFIRMS THAT THE HOUSE REPEAL BILL IS STILL A HUMANITARIAN CATASTROPHE”

Congressional Documents & Publications

WASHINGTON - U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, lambasted Congressional Republicans' health care bill on Wednesday after the nonpartisan Congressional Budget Office (CBO) released an updated cost estimate. The new CBO report on the American Health Care Act made clear that 14 million fewer people would be insured by next year, 23 million fewer people would be insured by 2026, and average premiums for single policyholders would increase by 20 percent next year.

"This CBO score just confirms that the House repeal bill is still a humanitarian catastrophe for America," said Murphy. "The CBO score says that if you are an individual with a pre-existing condition in a state that uses the waiver, you will not be able to buy insurance. If you are sick, if you have ever been sick in this country, you are now at risk of losing your health care. There's $663 billion in tax cuts for the super wealthy and for big drug companies. The story is now complete--23 million people will lose their health care for these tax cuts. Now everyone knows how terrible this is for the country."

Video of Murphy reacting to the CBO score is available here https://www.youtube.com/watch?v=NwtYb95kNoI&feature=youtu.be.

Murphy has continuously called on Congressional Republicans to stop their dangerous crusade to repeal the ACA and to work in a bipartisan way to improve the law. Earlier this month, Murphy spoke on the Senate floor to highlight broken promises by President Trump and Congressional Republicans to improve America's health care system. Murphy outlined the repeated commitments President Trump made to lower premiums and deductibles, cover pre-existing conditions, and maintain funding for Medicare and Medicaid. Instead, President Trump and Congressional Republicans' American Health Care Act would raise costs and worsen care to pay for a huge tax cuts for the wealthy.

Read this original document at: https://www.murphy.senate.gov/newsroom/press-releases/murphy-this-cbo-score-just-confirms-that-the-house-repeal-bill-is-still-a-humanitarian-catastrophe

Older

Menendez, Booker Announce $10M to Advance Implementation of Life-Saving Technology along NJ Transit’s Rail Lines

Newer

On Fox News & CNBC, Portman Discusses Jobs, Tax Reform, National Security & More

Advisor News

  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
  • When a client moves, their insurance plan needs to move, too
  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
More Advisor News

Annuity News

  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • 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
More Annuity News

Health/Employee Benefits News

  • 1 in 3 U.S. workers do not have a legacy plan in place
  • More than 1 in 4 US adults reports having medical debt
  • 1 in 3 U.S. workers do not have a legacy plan in place
  • Flawed logic won't fix care
  • Universal public healthcare is the anawer
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Symetra Named a Fortune Best Workplace in Financial Services & Insurance™ for Fourth Consecutive Year
  • 1 in 3 U.S. workers do not have a legacy plan in place
  • MassMutual Enhances Permanent Life Insurance Portfolio With Launch of Whole Life Guard 10 Pay and Whole Life 95
  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.