Rep. Hank Johnson Slams 'Trumpcare' After CBO Report Exposes Disastrous Impacts - Insurance News | InsuranceNewsNet

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March 15, 2017 Newswires
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Rep. Hank Johnson Slams ‘Trumpcare’ After CBO Report Exposes Disastrous Impacts

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WASHINGTON, March 14 -- Rep. Henry C. 'Hank' Johnson Jr., D-Ga., issued the following news release:

Congressman Hank Johnson (GA-04) slammed Republicans 'Pay More For Less' repeal bill, also known as Trumpcare, after the Congressional Budget Office, whose Republican Director was appointed by Speaker Paul Ryan, released a report detailing the devastating consequences of the Republican healthcare reform plan.

"After all of the Republicans' hollow promises, the cruel reality of their wretched 'Pay More For Less' bill has been exposed for all to see," said Rep. Johnson. 'Trumpcare' will result in millions of hard-working families losing their coverage. 'Trump Care,' also reduces access to affordable healthcare by defunding Planned Parenthood, which will make it more difficult for women, expectant mothers and children to have their healthcare needs met. To make matters worse, 'Trump Care,' gives millionaires and billionaires a deficit-busting tax break, while kicking 24 million Americans off their health care. Rather than finding meaningful solutions, this plan will instead result in less coverage, fewer protections and higher costs for all consumers."

"The CBO report exposes 'Trump Care' for what it really is: an abandonment of working families. The fact is, a lot of people are going to see their health and their pocketbooks suffer under this disastrous plan," continued Rep. Johnson. "Georgia families will be devastated if Republicans get their way, and I will oppose changes to the Affordable Care Act that reduce its ability to provide affordable and accessible health care to the millions of Americans across the county who now benefit from it."

"Since the passage of the Affordable Care Act, the number of people without health insurance has dropped significantly, but Republicans have been more interested in fulfilling their campaign pledge to repeal and replace 'Obamacare,' rather than fine-tuning the existing law so that it better serves Americans," said Johnson. "Moreover, Trump Care eliminates Medicaid expansion, strips millions of Americans of their coverage, and shifts an estimated $370 million in Medicaid costs to the states. Medicaid coverage is especially critical for the elderly and their families. 'Trumpcare' is a prescription for making millions of Americans pay more for less."

Key Findings of the CBO Report

* 24 million people will lose their health insurance--Including 14 million people by the end of this year!

Under "Trump Care," 19 percent of the non-elderly population will be uninsured by 2026, compared to 10 percent by 2026 under current law.

* The bill will slash Medicaid spending by $880 billion over the next 10 years.

* Under "Trump Care," a 64-year-old with an income of $26,500 in the individual market will pay $12,900 more for health insurance each year.

* By Defunding Planned Parenthood, many women will lose access to basic health care, family planning services and contraceptives that would prevent unplanned pregnancies.

* "Trump Care" awards $600 billion in tax cuts to the wealthiest Americans, including $2.8 billion to the 400 richest families in America.

07M-Furigay-5804913 07M-Furigay

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