New CBO Report: Healthcare Premiums Are Going Up 15% Because of Trump’s Tax Giveaway

LANSING, Michigan, May 25 -- The Michigan Democratic Party issued the following news release:

A new report from the nonpartisan and independent Congressional Budget Office (CBO) is showing that Donald Trump's harmful healthcare policies -- which are supported by Bill Schuette and Brian Calley -- are once again hiking costs for working families:

"Premiums for benchmark plans, which are the basis for determining subsidies in that market, are projected to increase by about 15 percent from 2018 to 2019."

The report notes that these higher costs are a result of Trump's expensive tax giveaway to millionaires and billionaires -- which Time Magazine recently described as "great for investors -- but not so great for workers."

Instead of standing up for workers, Bill Schuette and Brian Calley helped push Trump's harmful healthcare agenda that hikes costs for working families and support his disastrous tax plan. They have also been locked in a nasty GOP civil war about who has the strongest allegiance to Trump.

Similarly, a recent state-by-state study found that Trump's healthcare sabotage is set to increase premiums by an average of nearly $600 next year for a 40-year-old worker in Michigan.

"If there's one thing Bill Schuette and Brian Calley can agree on, it's jacking up premiums and ripping away healthcare from working families in Michigan," said Michigan Democratic Party Chair Brandon Dillon. "As Republican healthcare sabotage continues to cost Michiganders, Schuette and Calley keep becoming more eager to tout their allegiance to Trump and his harmful policies. We need new Democratic leadership in Lansing that will fight every day to protect Michigan's middle class -- not treat their healthcare like some political game."