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Pallone on CBO Analysis of Cost-Sharing Reduction Payments

August 15, 2017

Energy and Commerce Ranking Member Frank Pallone, Jr. (D-NJ) released the following statement today in response to a report from the nonpartisan Congressional Budget Office (CBO) analyzing the impact ending the Affordable Care Act's cost-sharing reduction (CSR) payments would have on the health care markets and the federal budget:

"This report should serve as wake-up call to President Trump of the harm he's inflicting on millions of hardworking Americans by his threats to terminate cost-sharing reduction payments. The nonpartisan report confirms that if the President defaults on these promised payments, millions of Americans would face higher health care costs, and a destabilized marketplace would lead to fewer choices for consumers. It would also result in an additional $194 billion in federal spending over the next decade as premiums would increase by 20 percent next year for people whose premiums are subsidized through the Affordable Care Act.

"With so much at stake for working families, it's time for Congressional Republicans to join us in demanding that President Trump stop playing political games and fulfill his obligation to make these cost-sharing reduction payments."

In May, 196 House Democrats wrote to President Trump saying that it was his responsibility under the law to make the cost-sharing reduction payments.

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Issues:Health