Pelosi Statement on CBO Report on Consequences of Ending Cost Sharing Reduction Payments

August 15, 2017

San Francisco – Democratic Leader Nancy Pelosi released the following statement after the Congressional Budget Office released an assessment of the consequences if President Trump follows through with his threat to cut off the cost sharing reduction payments required under the Affordable Care Act. Leader Pelosi had requested that the CBO conduct this analysis.

"The CBO's report once again exposes the vast cynicism of President Trump's threats to purposefully raise Americans' health costs by cutting off cost sharing reduction payments. If he follows through with his threats, President Trump will be singlehandedly responsible for raising premiums across America by 25 percent, exploding the deficit by nearly $200 billion, and creating more bare counties.

"Trumpcare collapsed because Americans overwhelmingly recognized the cruelty and higher costs it meant for them and their loved ones. Instead of enabling the President's extortion, Republicans should work constructively with Democrats to guarantee the cost sharing reduction payments will be made, stabilize the markets, and lower costs for all Americans.

"Republicans should abandon Trumpcare once and for all, and join Democrats for the long overdue bipartisan conversation to update and improve the Affordable Care Act."