The non-partisan Congressional Budget Office released a report on Tuesday evaluating the potential impact of the Trump administration making good on a repeated threat to cut off Obamacare’s cost-sharing reduction (CSR) payments to insurers.
The CBO found that the move would cause premiums for people whose care is supported by the payments to climb 20 percent higher by 2018 and 25 percent higher by 2020. They also estimate that the move would increase the federal deficit by $194 billion dollars by 2026, and it would lead to 5 percent of the U.S. population having no access to a non-group insurer.
The deficit would increase, the CBO explained, because insurers would compensate for the lost subsidies by raising premiums across the board, forcing more people to depend on government tax credits.
Read the full report below:
Making America… oh, forget it. Too worn out for jokes.
But this WOULD destroy Obamacare. And isn’t that the point?
He doesn’t want to own it, he’ll tweet he doesn’t own it, but he already owns it.
and it owns him.
Bullies gonna bully.
Bullies gonna
#cave.
cave, cave, cave…
cave, cave cave…
cave cave cay-yay-yay-yay-yave…
Cavin’ toooool
Apologies to Aretha and Don Covay, who wrote this.
https://www.youtube.com/watch?v=-mCh8QCkeOQGraham Parker guitarist: Brinsley Schwartz.
Fun fact: The Don Covay and the goodtimers LP "Have Mercy " is the first recording of Jimi Hendrix.
Like the LP below, which featured new-to-vinyl Robert Zimmerman on harmonica.