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Yarmuth Responds to New CBO Report on Consequences of Terminating Cost Sharing Reduction Payments

Aug 15, 2017

Washington, D.C.— Kentucky Congressman John Yarmuth, Ranking Member of the House Budget Committee, today released the following statement after the Congressional Budget Office released a report on the potential consequences of terminating the ACA’s cost sharing reduction payments to health insurers, an action President Trump has repeatedly threatened to take:

 

“The Congressional Budget Office today confirmed the acute danger of President Trump's political brinkmanship with the individual insurance market. As their report details, if the Administration cancels the cost-sharing reduction payments to health insurers, premiums will soar in 2018 by 20 percent and the deficit will increase by nearly $200 billion over ten years. Already, this Administration’s sabotage has damaged health markets and caused premiums to rise.  The President needs to stop playing games with the health and livelihoods of families across the country. They have far too much to lose.”