CBO Confirms Market Stabilization Bill Can’t Undue Damage of Individual Responsibility Provision Repeal
Washington, D.C. – After the Congressional Budget Office’s (CBO) letter showing the Bipartisan Health Care Stabilization Act would do nothing to change the devastating effects of repealing the individual responsibility provision of the Affordable Care Act, Health Care for America Now Co-Directors Ethan Rome and Margarida Jorge released the following statement:
“The CBO report helpfully reminds us that passing the bipartisan market stabilization bill has nothing to do with lessening the devastating impact of repealing the individual responsibility provision, which will cause 13 million Americans to be uninsured and raise premiums for millions more. Agreeing to rip 13 million people from the market in exchange for market stabilization is like fixing the structure of a shopping mall while closing down most of the stores.
“We also have to remember that the context for that trade-off is an unconscionable tax bill that cuts Medicaid and Medicare and raises taxes on the middle class to pay for massive tax breaks for corporations and the very wealthy. This tax bill is a disaster for America’s seniors, children, people with disabilities and working families–Senators should reject it.”
Health Care for America Now (HCAN) is the national grassroots coalition that ran a $60 million five-and-a-half year campaign from 2008-2013 to pass, protect, and promote the Affordable Care Act (ACA) and protect Medicare and Medicaid. HCAN has come back together to fight the Republicans’ all-out effort to take away America’s health care and put people at the mercy of the health insurance companies again.