Congressman Lowenthal Statement on White House Sabotage Of Affordable Care Act
Congressman Alan Lowenthal (CA-47) today issued the following statement on President Trump's decision to no longer provide subsidies to insurers providing coverage under the Affordable Care Act (ACA):
"President Trump has created a constant strain on the healthcare market since before he even took office. By entering the presidency promising to do away with the Affordable Care Act, and continuing to rail against its very existence, he has raised serious concerns and spread uncertainty among insurance providers—all with the result of increased premiums.
Now his actions have graduated from bluster and rhetoric to outright sabotage.
Yesterday, the president signed an executive order allowing cheaper plans with less coverage to be sold across state lines—an obvious attempt to drain younger healthier people out of the ACA marketplace. This would result in increased premiums for those Americans who rely on the ACA marketplaces and are most in need of quality healthcare coverage.
Even worse, today, the president said he plans to stop providing subsidy payments to ACA insurers. But insurers and customers alike will suffer. More than six million low-income Americans who receive cost-sharing subsidies are now threatened with a loss of their insurance. The Congressional Budget Office already stated that this would result in ACA premium increases around 20% and may result in many insurers pulling out of the market all together.
Thankfully, Covered California has already taken precautionary steps to avoid a statewide market collapse resulting from this kind of action from the president.
I also support California's further action in suing the administration for its efforts not to live up to the promises that the Affordable Care Act granted insurers, states, and the American people."