Washington—Senator Dianne Feinstein (D-Calif.) today issued the following statement in reaction to the Congressional Budget Office’s analysis of the Senate Republican bill to replace the Affordable Care Act:
“The CBO concludes that the ‘new’ Republican health care bill is just as terrible for the American people as the first —15 million would lose their health insurance next year, and 22 million would lose coverage by 2026.
“The bill still decimates Medicaid with a $756 billion cut over the next 10 years. By 2026, federal support for the expansion of the Medicaid program to cover low-income working adults would be slashed by 87 percent—making it extremely costly for states to continue to cover these individuals.
“The CBO analysis doesn’t even include the Cruz amendment, which would effectively destroy individual insurance markets around the country by allowing junk plans to be sold alongside comprehensive plans. The coverage losses and premium increases would be even greater if that amendment was included in the calculations.
“The disastrous effects of both the ‘repeal and replace’ and ‘repeal’ bills are clear. Republicans must abandon these approaches and pursue real improvements to the Affordable Care Act through an open, bipartisan process.”