Eliminating CSR Payments Would Send Premiums for Popular Plans Soaring by 20% in 2018, Potentially Impacting Over 120,000 Missourians
COLUMBIA, Mo. – The following is a statement from Missouri Democratic Party Chair Stephen Webber on Donald Trump’s decision to terminate key healthcare resources called Cost-Sharing Reductions, which will spike costs for popular healthcare plans and increase deficits:
“Donald Trump’s sabotage of the health insurance markets directly targets the health and financial security of Missouri’s working families. It will take money out of the pockets of folks working hard to pay for health insurance, while shoveling unnecessary costs onto taxpayers. It’s now on Missouri’s Republicans in Congress to take immediate action to stop healthcare costs from skyrocketing.”
- A report from the Kaiser Family Foundation found that over 120,000 Missourians rely on these key healthcare resources for affordable coverage. That numbers makes up more than 55% of total marketplace enrollment throughout the state.
- The independent and nonpartisan Congressional Budget Office (CBO) released a report in August detailing that if President Trump eliminates key healthcare resources, premiums for some of the most popular plans will spike by 20 percent in 2018 and 25 percent in 2020.
- The CBO report also found that if Trump terminates payments for cost-sharing reductions, “Federal deficits would increase by $6 billion in 2018, $21 billion in 2020, and $26 billion in 2026.”