Rep. Levin: New CBO Report Confirms Grave Harm of Republican ACA Repeal Bill – More Dangerous Provisions Still Coming
Targeted News Service
WASHINGTON, March 23 -- Rep. Sander Levin, D-Mich., issued the following news release:
Rep. Sander Levin (D-MI), today responded to the new Congressional Budget Office (CBO) analysis of recent changes made by House Republicans, the so-called "Manager's Amendment," to legislation to repeal the Affordable Care Act:
"The new CBO report confirms how harmful the Republican repeal bill is to the American people - with 24 million losing coverage by 2026. Instead of attempting to correct this gaping hole in health coverage, Republicans are reportedly planning to make it worse by allowing insurance companies to deny claims for essential benefits, including maternity care.
"The revised Republican bill eliminates much of the deficit savings in the original legislation to provide an even bigger tax cut - nearly $1 trillion - mostly for corporations and the very wealthy. Two of the biggest tax breaks in the Republican bill would provide over half of their benefits to individuals making over $1 million a year.
"This bill breaks every major promise President Trump has made: It doesn't provide insurance for everybody - it slashes coverage; it doesn't reduce costs - it makes people pay more; and it doesn't protect Medicaid and Medicare - it cuts their funding."
That trade group endorsement? Not all members may be on board
Chairman Crowley Statement on Republicans’ Decision to Give Up on Their Disastrous Health Care Bill
Advisor News
- What advisors must know about accessible client documents
- Your client texted. Now what? The compliance rules advisors better know
- Helping small-business owners build, grow and exit
- Help women break through their retirement roadblocks
- Advisors await SEC decision on Vanguard fair fund distribution
More Advisor NewsAnnuity News
- Wink: Annuity sales post strong Q2, led by MYGAs and structured products
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
- Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
- When technology becomes easy to rent, what still separates life and annuity carriers?
- Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
More Annuity NewsHealth/Employee Benefits News
Life Insurance News