NEW REPORT: GOP Tax Plan Would Devastate Tennesseans’ Health Care
262,000 More Uninsured In Tennessee
Premiums To Rise $2,970 For Tennesseans
Cuts Medicare In Tennessee By $539 Million A Year
A new report released by the Center for American Progress (CAP) predicts dire consequences for Tennessee under the Senate tax bill, which includes an amendment to repeal the requirement that all Americans have health coverage.
According to the CBO’s analysis of the Senate bill, repealing the requirement would lead to 13 million fewer people without health insurance by 2025 and drive premiums up by 10% in 2019, leaving middle-class families to bear the brunt of the price increase. The GOP tax bill would also cut $25 billion from Medicare in 2018.
CAP estimates that in Tennessee, the tax plan would:
- Increase premiums for a middle-class family by an average of $2,970 in 2019.
- Leave 262,000 more Tennesseans uninsured by 2025.
- Cut $539 million from the state’s Medicare funding.
“Asking millions of middle-class families to pay more in taxes so that corporations and the wealthy few can pay less in bad enough. But to use those cuts to also undermine health care for middle-class families is unconscionable,” the report reads.
The full report can be read here.