House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the Congressional Budget Office's analysis of the impact on Americans if President Trump ends cost-sharing reduction payments:
"If President Trump carries out his threat next week to end cost-sharing subsidies under the Affordable Care Act, he will cause premiums to rise 25% and explode the deficit by $194 billion over the next ten years. Moreover, for Americans in some parts of the country, it would lead to there being no insurance options left on the individual market. This isn't a partisan prediction; it is the careful analysis of the nonpartisan Congressional Budget Office, which I asked it to produce to show the American people the dangerous impact ending these payments would have.
"Now that Donald Trump and his Republican allies in Congress have shown that they cannot pass legislation to repeal and replace the Affordable Care Act, it is time for Republicans to work with us to find bipartisan, commonsense solutions to the challenges facing our health care system. To sabotage the law would harm millions of Americans who are working hard and don't deserve to lose access to affordable health coverage. Democrats are committed to doing everything in our power to expand access to affordable coverage."