Budget office: 23 million lose insurance, premiums spike, $834 billion cut from Medicaid. Small business owners face mounting economic insecurity.
Main Street Alliance, a national network of small business owners, released this statement on the updated Congressional Budget Office (CBO) score of the American Health Care Act:
Today’s CBO score revealed no surprises – House Republicans rushed to pass a health care bill that is terrible for small businesses and their customers. The AHCA drastically increases the costs of healthcare, increasing premiums 20 percent in 2018 alone, throws 23 million off their health insurance, cuts $834 billion from Medicaid, and ultimately, puts small business owners back in a position of paying more for less coverage.
Small business owners need strong local economies and plenty of customers in order to grow and create jobs. The House Republican bill hinders growth by depressing local economies, decimating state budgets in favor of giving $600 billion in tax cuts to the nation’s wealthiest individuals and companies.
This bill is beyond repair. As the Senate takes up health care, their starting point must be providing quality, affordable care for everyone, not tax breaks for the wealthy.