Nobel-Winning Economists Strongly Oppose Senate Healthcare Bill
A Group Of Nobel Prizing Economists Just Destroyed The Republican Health Bill.
A group of economists, which includes six Nobel Prize winners, wrote a letter to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer to express their deep opposition towards the Senate Republicans health care bill.
“At a time when economic change is making life more difficult for all but the relatively well-to-do, denying people to access health insurance is a giant step in the wrong direction,” the letter reads. “The goal should be to hold down health costs and increase access to affordable, quality health coverage for all. Unfortunately, the Better Care Reconciliation Act threatens reduced coverage and higher costs for those who continue to have it.”
The economists also wrote, “The Senate bill would narrow coverage, and by driving relatively healthy people from the market, raise premiums for those who remain.”
“We call on Congress to work on legislation to improve the health delivery system, in general, and The Affordable Care Act, in particular,” the economists wrote. “The goal should be to hold down health costs and increase access to affordable, quality health coverage for all.”
The economists also were concerned that the Senate bill was just as bad as the House bill and it would reduce coverage for millions of people.
And they were right – the Congressional Budget Office predicts that the Senate bill would result in 22 million fewer people having insurance, similar to the House bill.
On the other hand, the economists praised the Affordable Care Act, because it “has provided high quality, affordable health coverage for millions of previously uninsured Americans and helped to slow the growth of health care spending.”
You can read the full letter here.
[image via screengrab]
