Today’s announcement from the Congressional Budget Office confirms that any move by President Trump to end CSR subsidy payments would send premiums skyrocketing and devastate hardworking North Texas families. Halting payments is indefensible and irresponsible — end of story.
Halting CSR payments would leave pockets of people throughout the country without a single insurer within the next year, and those that do have insurance could see their premiums climb as much as 20 percent. The President will be sabotaging our insurance markets for political gain at the expense of Americans’ access to quality, affordable healthcare if he ends payments next week.
The Trump Administration and congressional Republicans must start working with Democrats to stabilize our markets, bring down premiums, and fix the Affordable Care Act. I will fight to fix our healthcare system — not rip it apart — as the representative for TX-32.
Earlier today, the Congressional Budget Office announced that premiums will increase by up to 20 percent over the next year and force some insurance companies to withdraw from markets completely if President Trump does not renew CSR payments to health insurance companies. The administration must decide by early next week if it will make CSR payments for September.