Health Care or Wealth Care? 24 Million to Lose Insurance Under GOP Plan While Rich Get Big Tax Breaks

A startling new report from the Congressional Budget Office is projecting 24 million people will lose health insurance coverage by 2026 under the Republican plan to replace the Affordable Care Act. Fourteen million people would lose health insurance in the next year alone. While the White House rejected the CBO findings, Politico is reporting the White House’s own analysis predicts 26 million people will lose coverage under the bill over the next decade. According to the CBO, the bill would reduce the deficit by $337 billion, but one of the biggest beneficiaries of the Republican bill will be millionaires. A new study by the Tax Policy Center shows people in the top 0.1 percent would get a tax cut of about $207,000 under the plan. House Minority Leader Nancy Pelosi accused Republicans of attempting to push through the biggest transfer of wealth in the nation’s history. We speak to Elisabeth Benjamin, vice president of Health Initiatives at the Community Service Society of New York and co-founder of the Health Care for All New York campaign.

TRANSCRIPT

This is a rush transcript. Copy may not be in its final form.

AMY GOODMAN: A startling new report from the Congressional Budget Office is projecting 24 million Americans will lose health insurance coverage by 2026 under the Republican plan to replace the Affordable Care Act. Fourteen million people will lose health insurance in the next year alone. Just hours before the CBO report was released, President Trump claimed the Republican plan would ensure healthcare access for all.

PRESIDENT DONALD TRUMP: Now, I have to tell you, it’s an unbelievably complex subject. Nobody knew that healthcare could be so complicated.

AMY GOODMAN: While the White House rejected the CBO findings, Politico is reporting the White House’s own analysis predicts 26 million people will lose coverage under the bill over the next decade. The CBO also found that premiums would initially skyrocket for some Americans under the Republican plan. The agency said…

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