Quote of the Day: Trumpcare Financed by Cutting Coverage For “Desperately Poor and Sick”

Jonathan Chait breaks down Trump’s newly unveiled healthcare plan that does none of the things he promised, and all of the things the Left warned America about: 

This is where they [the GOP] landed, by financing Trumpcare with the one source of fiscal savings Republicans inevitably fall back upon when their fiscal plans don’t add up: poor people. Trumpcare now finances the tax credits for the uninsured primarily by cutting Medicaid. We don’t yet know whether this will add up. The Congressional Budget Office will score the bill only after it has started to move through committees in the House. If it does, it means that the Republicans will have done an astonishing thing, by financing the cost of replacing Obamacare entirely out of the budget that already financed health care for the desperately poor and sick.

And so the Republicans are left with an utterly inadequate financing source for their plan. Because of the ideological construction of their party, they have no plausible way to find more money. Indeed, the main threat to its passage through the House is that the most conservative wing of the GOP caucus considers the plan too generous. The House Freedom Caucus is threatening to oppose any bill that gives coverage subsidies to people with moderate incomes, however meager those subsidies may be.

In short, if implemented, Trumpcare will be a complete disaster and leave millions of the most vulnerable Americans without vital health care coverage. Trump based a large part of his campaign on repealing Obamacare and replacing it with something “tremendous”, and as predicted by anyone familiar with him, it turns out to be a complete lie. Trumpcare will cover less people for more money, and won’t be properly financed. Furthermore, Trumpcare will mean huge tax cuts for insurance companies, particularly ones that pay CEOs more than half a million dollars per year (yes really).  

If this is the best Trump and the GOP can come up with, they can say goodbye to the midterms in 2018, and almost certainly the presidency in 2020.  

Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.

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