Levin: New CBO Report Confirms Grave Harm of Republican ACA Repeal Bill – More Dangerous Provisions Still Coming
WASHINGTON, D.C. – 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.”