More Pinocchios for Donald Trump
Forbes, “…the Congressional Budget Office answered those questions, releasing its official scoring of the American Health Care Act, and the results are not pretty. An $883 billion tax cut, $274 billion of it going to the richest 2%. $880 billion stripped from Medicaid. And 24 million fewer insured individuals over the next ten years.”[2]
Trump Has Just Screwed Many of His Supporters
The New York Times, “…the plan provides a $600 billion tax cut over 10 years for wealthy Americans, because they would no longer be subject to the taxes that pay for the health care subsidies. When the tax cuts for the rich and the spending cuts to Medicaid are combined, they would result in deficit reduction of $337 billion by 2026. That’s a small fraction of the national debt in exchange for an enormous amount of human misery. …
Older people would be hard hit. The Republican plan repeals the penalty for not buying insurance. One predictable result of this change is that premiums will rise as younger, healthier people refuse to buy insurance. To hold down the cost of average premiums, the proposal would allow insurers to charge five times more for older enrollees than younger ones, rather than three times, as permitted under Obamacare. The outcome would be reduced premiums for young adults, essentially paid for by charging substantially higher premiums for older people — and higher deductibles and other cost-sharing for everyone.”[1]
References:
- The New York Times, March 13, 2017, Editorial Board – Trading Health Care for the Poor for Tax Cuts for the Rich
- Forbes, March 13, 2017, Tony Nitti – GOP Health Care Bill Will Result In A Huge Tax Cut For The Rich, 24 Million Without Insurance