Ruppersberger Issues Statement on Trump Administration Executive Order to End Cost Sharing Reduction Payments
(Washington, D.C.) – Congressman C.A. Dutch Ruppersberger (D-MD) today issued the following statement on President Donald J. Trump’s decision to end cost-sharing subsidies, effectively undermining the Affordable Care Act.
“It is hard to fathom what President Trump is trying to accomplish by singlehandedly causing the biggest hike in healthcare premiums for middle class and poor families while taking away essential protections. The people who are going to suffer the most are middle class families who will now see their monthly premiums skyrocket 20 percent according to the nonpartisan Congressional Budget Office (CBO). This will cause chaos in the healthcare market and force the vast majority of Americans to choose junk insurance with few protections because they can’t afford to spend more on healthcare. With the signing of the Executive Order, premiums will rise for Americans with pre-existing conditions, essentially forcing many of them to go without vital health insurance.
The Executive Order to End Cost Sharing Reduction Payment subsidies will place 76,429 Marylanders’ or 57% of our neighbors’ healthcare at risk. Ending these subsidies will make it hard to provide affordable healthcare coverage to many Americans and it will start a ripple effect that will devastate the ACA insurance market and cause premiums to skyrocket. Trump is going to sell cheaper insurance with less coverage, less protections. He is also going to end the $7 billion subsidy to insurance companies to help pay for the health insurance for 7 million low income Americans. This step will drive up premiums 40% and poorer and sicker people will not be able to afford insurance. In addition, Trump’s administration is also only allowing enrollment for a few hours on the ACA website to limit people signing up.
A bipartisan effort in the Senate is working on a compromise fix for our healthcare system, but instead of encouraging a bipartisan solution that benefits all Americans, President Trump is focused on derailing these efforts. After 60 plus attempts to repeal and replace the Affordable Care Act and the failure of Trumpcare, I thought Congress was past efforts to take away healthcare from millions of people. Obviously I was wrong and our President is lashing out at middle class and poor families by removing the incentive for insurance companies to cover the most ill.
Make no mistake – this executive order will not make healthcare cheaper or more accessible for the people of Maryland. After losing this battle time and again in Congress, the President issued this executive order to sidestep Congress and wipe out healthcare for millions of Americans. This is unacceptable.”