The latest version of the Senate Republicans’ TrumpCare plan continues to fail to keep premiums and out-of-pocket costs affordable for Americans. TrumpCare reduces the benchmark value of plans from 70 percent of a consumer’s expected costs to 58 percent, increasing out-of-pocket costs for millions of Americans.
According to the Congressional Budget Office (CBO), Senate TrumpCare will cut $772 billion in Medicaid over the next decade by ending federal support for Medicaid expansion and imposing arbitrary spending caps, ultimately cutting the program by over a quarter in 2026. Recently, CBO estimated that the Senate bill would cut the Medicaid program by 35 percent in 2036. If their proposal becomes law, Republicans would end the Medicaid program as we know it, shifting the financial burden onto states and families.
In order to garner support for the Senate TrumpCare bill, Senate Leader McConnell is rumored to buy votes with $45 billion in funding to go towards treating the opioid epidemic. Every dollar counts, but $45 billion doesn't even undo the damage caused by this bill. Even Ohio Republican Governor told Senator Rob Portman, $45 billion for opioids treatment is “like spitting in the ocean—it’s not enough.”
With GDP growth of just 1.4 percent in the first quarter of 2017, the TrumpEconomy is falling far short of promised outcomes. The economy will need to average 3.5 percent growth for the remaining 3 quarters of the year to even hit Trump’s least outrageous growth prediction of 3 percent—a feat we have not managed since 2014.
Throughout his campaign, President Trump made bold promises on economic growth. The final number for the first quarter came in yesterday, and the President has a long way to go if he wants to meet his promises. GDP grew at a 1.4 percent annual rate in the first quarter, more than half a point lower than the average over the last seven years.
Under Senate TrumpCare, a 60 year old making $42,330 would lose their entire tax credit for health insurance. In West Virginia, that would be a loss of over $6,600, while in Alaska it would be a loss of almost $18,000.
House Republicans passed a TrumpCare bill that would impact all of our health coverage by dropping millions from their health care, hiking costs on working families, threatening rural hospitals, defunding Medicaid, and rolling back the progress we’ve made in fighting the opioid epidemic. The Republican House bill is a disaster—such a disaster that even members of their own party had plenty to say on how terrible it is. President Donald Trump even flat out called it “mean.”
Under TrumpCare, 27 million Americans could end up having their annual health benefits cut off and 20 million could see lifetime limits on their coverage.
Two years ago, although pregnant women won a victory in the Supreme Court in Young v. UPS, the complicated process set up in the decision still left many working women uncertain about their rights in the workplace. Just last month, former Wal-Mart employees filed a class action lawsuit for refusing them reasonable accommodations, which a 2013 study estimated occurs to 250,000 women each year. Many more are likely discouraged from even asking.