New estimates from the Centers for Medicare & Medicaid Services (CMS), reported by the Ranking Members of the U.S. Senate Finance Committee and U.S. House Energy & Commerce Committee, find the American Health Care Act (AHCA) repeal of a tax on pharmaceutical companies will increase Medicare Part B premiums by $8.7 billion in aggregate over ten years.
This news comes on top of provisions in the AHCA that would be a tax giveaway to the already very rich at the expense of the Medicare program. Repeal of a modest payroll tax leaves the Medicare Part A Trust Fund, which pays for hospital care, vulnerable—taking $117 billion from the fund over the next decade.
Now we know that not only is Congress voting to knowingly undermine the resources available to pay for hospital care for older adults and people with disabilities, members may also be voting later today to hike Medicare Part B premiums in order to fund a tax windfall for pharmaceutical manufacturers.
Despite deliberate attempts to shroud this bill in secrecy, the evidence is clear: the AHCA is a stealth assault on Medicare that also dismantles Medicaid as we know it. Every older American, person with a disability, and family is at risk.
[x_gap size=”20px”][x_author title=”Author” author_id=””][x_gap size=”20px”][x_callout title=”Tell Congress to Vote “NO” on the American Health Care Act” message=”Plain and simple, the AHCA forces older adults, people with disabilities, and their families to pay more for less, all while undermining the Medicare guarantee. <br>
If Congressional leaders truly want to provide health coverage to American families, they must go back to the drawing board.<br>
Tell your members Congress to protect our care and vote “NO” on the American Health Care Act.” type=”left” button_text=”Take Action” circle=”false” button_icon=”bullhorn” href=”http://action.medicarerights.org/p/dia/action4/common/public/?action_KEY=21422″ href_title=”” target=”blank”]
Sign up to receive Medicare news, policy developments, and other useful updates from the Medicare Rights.