Rep. Tulsi Gabbard: CBO Confirms AHCA Is Bad Deal for American People
Washington, DC—Rep. Tulsi Gabbard (HI-02) released the following statement after the nonpartisan Congressional Budget Office (CBO) released its analysis on the American Health Care Act (AHCA):
“The CBO released the AHCA cost estimate today, confirming what many have been saying—the AHCA is really a handout to insurance and pharmaceutical companies that will further exacerbate the burden on American families. While corporations rake in over $600 billion in tax breaks, our seniors will see their costs rise and low-income Americans will see their coverage drop completely. The proposed AHCA would slash funding for Medicaid by $880 billion over the next decade, threatening the health of millions of vulnerable Americans, and shifting costs to state and local governments that already face tight budgets. Seniors could see their premiums increase up to five times under new age-rating rules that do nothing except continue lining the pockets of insurance companies.
“While I have long called for serious improvements to the Affordable Care Act (ACA), it is imperative that any reforms to our healthcare system actually serve the health and wellbeing of people. This bill does the opposite—it will have a negative impact on the people of Hawaiʻi and our country. I strongly oppose this harmful legislation, and will continue working for true healthcare reform that puts people above the profits of corporations.”
Background: The AHCA is opposed by AARP, the American Academy of Family Physicians (AAFP), the American Academy of Pediatrics, the American Medical Association (AMA), the American Hospital Association, the American Nurses Association, the AFL-CIO, and others.