The CBO has consistently proven it cannot accurately predict how healthcare legislation will impact insurance coverage. This history of inaccuracy, as demonstrated by its flawed report on coverage, premiums, and predicted deficit arising out of Obamacare, reminds us that its analysis must not be trusted blindly. In 2013, the CBO estimated that 24 million people would have coverage under Obamacare by 2016. It was off by an astounding 13 million people – more than half—as less than 11 million were actually covered. Then, CBO estimated that 30 million fewer people would be uninsured in 2016, but then it had to reduce its estimate to 22 million, further illustrating its inability to present reliable healthcare predictions.
We know the facts. To date, we have seen average individual market premiums more than double and insurers across the country opting out of healthcare exchanges. As more and more people continue to lose coverage and face fewer healthcare choices, President Trump is committed to repealing and replacing Obamacare, which has failed the American people for far too long.
Source: The White House, Office of the Press Secretary
Statement from Governor Andrew Cuomo
"The Congressional Budget Office score of the Senate health care bill confirms what we already knew. Republicans in the Senate are choosing to put millionaires over the middle class, cutting taxes for the rich at the expense of the health care of millions of Americans. This bill will leave 22 million more Americans without health care coverage, including 15 million more Americans by next year alone.
"Just like the House bill, this legislation is a death trap for New Yorkers. The Senate bill will jeopardize health care coverage for millions of New Yorkers, raise premiums on the poor and the elderly, and eliminate more than $7 billion for New York's health care system, including life-saving funding for the fight against the opioid crisis. It also specifically targets New York, threatening to withhold federal tax credits for New Yorkers because of our support for women's reproductive rights.
"And by including the reckless Faso-Collins amendment, this bill will force every resident of this state to pay a "Faso-Collins Federal Tax" added onto local property taxes to make up the $2.3 billion shortfall created by their proposal.
"Earlier today, I called on our Congressional delegation to do everything within their means to protect this state. With the CBO report confirming the intolerable consequences of this bill, I call on all New Yorkers to make their voices heard and join me in opposing this terrible legislation."
Source: Press Office, Governor Andrew M. Cuomo