Trading Health Care for the Poor for Tax Cuts for the Rich
So much for President Trump's pledge of "insurance for everybody."
The Congressional Budget Office said on Monday that next year 14 million fewer Americans will have insurance if the Affordable Care Act, or Obamacare, is repealed and replaced on the terms the president is seeking. That tally would rise to 21 million in 2020 and 24 million in 2026. By then, the total number of uninsured Americans would reach 52 million.
And for what? To give a gigantic tax cut to wealthy Americans.
According to the C.B.O. the loss of health care coverage under the Republican plan stems largely from gutting Medicaid for low-income Americans, even though Mr. Trump has said he would not cut Medicaid.
Coverage would also be lost in part because insurance would become unaffordable for millions as subsidies are withdrawn, despite Mr. Trump's claim that coverage would become "much less expensive and much better."
At the same time, the plan provides a $600 billion tax cut over 10 years for wealthy Americans, because they would no longer be subject to the taxes that pay for the health care subsidies. When the tax cuts for the rich and the spending cuts to Medicaid are combined, they would result in deficit reduction of $337 billion by 2026.
That's a small fraction of the national debt in exchange for an enormous amount of human misery.
This is Trump and Ryan's kind of deal, typically Republican; take from the poor and the elderly and give to their donors/masters.