Davis Statement on Updated AHCA CBO Score
U.S. Rep. Rodney Davis (R-Ill.) today released the following statement on the updated Congressional Budget Office (CBO) score for the American Health Care Act (AHCA):
“Twenty-nine million people currently do not have insurance coverage under Obamacare even though they are mandated by law – more people would rather pay a fine than purchase costly health insurance,” said Davis. “This is not surprising considering premiums have risen by 108 percent in Illinois since 2013. It’s not enough to just offer people coverage, it needs to be insurance people can actually afford to buy and afford to use. The CBO score confirms that this bill will lower the premiums in the individual market but we want to go further by also expanding group coverage, something the CBO cannot take into account because of this bill’s limitations. We have more work to do to reform our broken health care system but the American Health Care Act is a good start to lowering costs.”
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• Lowers premiums by 4 to 30 percent.
• Reduces the federal deficit by $119 billion.
• Makes major entitlement reform, capping Medicaid spending for the first time, saving taxpayers over $800 billion.
• Increases choices for consumers, creating a vibrant market where people will have more freedom and flexibility to get the plan they want.
• Lowers taxes by nearly $1 trillion, providing massive tax relief for middle-income Americans and small business owners.
• 31 million people can't afford the health coverage they have because of high deductibles.
• 29 million people still don't have insurance, in large part because of high costs.
• 1.4 million lost their health plans.
• Increased Illinois premiums 45-45% this year.
• Increased deductibles by 64%.
• 75% of Illinois has the option of one or two insurance providers - creating a monopoly that increases costs.
• 18 of the 23 health care co-ops have failed - costing taxpayers more than $1.7 billion in federal loans that they will never pay back.
• 1 in 4 people in Illinois are now on Medicaid and of the Medicaid expansion population through Obamacare, 44% are working-age males between 19-34.
• Raises the federal deficit by $131 billion.
• Increased taxes by $1.2 trillion over ten years.