That doggone Congressional Budget Office has done it again.
It has released a report that suggests an attempt to repeal the Affordable Care Act — even through a back-door process — is doomed to cost Americans more than many of them can afford.
The CBO reports that Donald Trump’s threat to repeal the “cost-sharing” payments to Americans seeking health insurance under the ACA is going to cause premiums to skyrocket. Such a repeal also would balloon the deficit by $194 billion over the next decade.
The president has made the threat as a way to get congressional Democrats to bargain with Republicans after the GOP repeal/replace effort failed in the U.S. Senate.
The payments provide Americans a way to afford health insurance. They subsidize insurance companies as well, giving them a chance to provide coverage to Americans who otherwise could not afford it.
As I’ve noted already, my wife and I have benefited directly from the payments provided under the ACA and I am appalled that the president would threaten to cut them off, to use them as a bargaining tool — or, if you’ll accept this description, as a political football.
I’m glad the CBO has lined up on the side of Americans — such as yours truly — who want the president and Congress to improve the ACA, not repeal it.