Thompson Warns: If President Repeals ACA, Healthcare Costs Could Rise Sharply in Lake County
Washington – Today, Rep. Mike Thompson (CA-05) issued the following statement on the new study from the Center on Budget and Policy Priorities (CBPP) on the impact of the Republican healthcare repeal on California. CBPP found that the Republicans’ repeal plan would cause health costs—including premiums, deductibles, and co-pays—to rise by an average of $4,857 per year by 2020 for Covered California enrollees in Lake County.
“The President says he wants to make healthcare more affordable, but his bill does exactly the opposite,” said Thompson. “I’ve held numerous town halls and spoken with thousands of men and women in our community who made it very clear they can’t afford to see their costs go up and they don’t want their benefits to shrink. The President’s bill undermines consumer protections and gives corporations and high income earners a massive tax break while raising prices for everybody else. This would be a disaster for hardworking families in our district.”
CBPP found that on average in California, costs would increase by about $2,800 per year for those enrolled in the marketplaces; enrollees in some Counties could see their costs rise as much as $5,000 on average. The full study can be found online at http://www.cbpp.org/research/health/house-gop-health-plan-cuts-tax-credits-raises-costs-by-thousands-of-dollars-for.