The Congressional Budget Office (CBO) has released its report on the Republican replacement plan for Obamacare. The replacement is called the American Health Care Act (AHCA or Trumpcare) and will strip 24 million Americans of their health insurance by 2026, leaving a total of 52 million uninsured.
Not only is this a devastating number of Americans stranded without healthcare, Trumpcare will devastate the poor in order to line the pockets of the wealthy. The CBO report contains these two alarming sentences:
“For many lower-income people, the new tax credits under the legislation would tend to be smaller than the premium tax credits under [Obamacare]. … Conversely, the tax credits under the legislation would tend to be larger than current-law premium tax credits for many people with higher income.”
Not only will the poor and working class lose tax credits that are supposed to help them afford healthcare, Medicaid will be stripped back. But for Americans who truly rely on Obamacare to get the healthcare they need to stay alive, the CBO report offers even more bad news.
The CBO predicts that single policy holders will have their 2018 and 2019 premiums be a full 15-20% higher than they would be if Obamacare were left intact. With rising premiums and steep cuts to tax credits for the poor, millions of Americans will be unable to afford healthcare.
In fact, 14 million Americans will lose their coverage in a single year after Trumpcare is passed. The poor, unable to cope with high costs and less government assistance, will have no choice.
The Department of Health and Human Services released a statement last week saying the Trumpcare is “increasing choice” for Americans buying health insurance. Maybe it increases choice for the wealthy – especially since they will receive extra money from the government.
For the poor and the working class, the only choice is going without health insurance or going bankrupt. Trumpcare is just another Republican excuse for benefitting the rich at the expense of the poor, and this time the poor will be paying with their lives.
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