New CBO Report Confirms: President Trump's Threat to End CSR Payment Will Hurt the American People
Hartford, CT – Today, Rep. John B. Larson (CT-01) released for the following statement:
“Today’s report from the nonpartisan, Congressional Budget Office (CBO) reveals the consequences of the Trump Administration’s continued threats to stop payments of the cost-sharing reductions (CSRs). There are no upsides to the Trump Administration discontinuing these payments, it will only result in higher premiums, add to the deficit, and further drive insurers out of the marketplaces, leaving the American people with fewer options for health insurance. Having failed at taking health care away from millions of Americans, the Administration and Congress must move forward to build upon the success of the Affordable Care, rather than seeking to tear it down. I call on President Trump to stop playing politics and do what is right for the American people.”
The CBO’s analysis shows premiums will rise 20 percent for 2018 and upwards of $194 billion will be added to federal budget deficit in the coming decade if the Administration stops these essential payments.