This legislation is dangerous. It penalizes working people with higher insurance premiums and out-of-pocket costs. It gives those who are pulling the strings—the wealthiest Americans and self-interested corporations—huge tax breaks. It strips coverage from millions of working people and punishes millions more by taxing their workplace health plans. And it cuts important funding to Medicare and Medicaid, which will leave children, seniors and people with disabilities without sufficient coverage.
- Millions of Americans will lose their health insurance coverage over the next decade. This loss of coverage for millions of Americans will be done in order to pay for massive tax cuts for the wealthiest Americans.
- The bill maintains the so-called Cadillac tax, punishing union members who have quality, affordable employer-based health insurance plans.
- The bill includes an age tax, allowing insurers to charge older Americans as much as five times what they charge younger Americans.
- The Affordable Care Act’s Medicaid expansion will be phased out from 2020 to 2024. Cuts to Medicaid are designed to grow larger every year. In the second decade – beyond what the CBO will score – this bill will gut Medicaid as we know it.
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