Senate Minority Leader Chuck Schumer discusses the Congressional Budget Office assessment that President Trump's healthcare plan will lead to fewer people with health insurance:
SEN. CHUCK SCHUMER: Now, the Republican, hand-picked, head of CBO has confirmed what we Democrats have been saying all along. Trumpcare would be a nightmare for the American people.
Causing tens of millions to lose coverage and millions more seeing the costs of their health care going up. Ten years from today, if President Trump and the Republicans have their way, there would be 24 million more Americans without health insurance, a total of 58 million Americans living in this country ten years from now will not have health coverage.
That's unamerican. That's wrong.
Premiums for seniors will rise a whopping 20% to 25%, and copayments and deductibles for millions more. If there was ever a war on seniors, this bill, Trumpcare, is it. The bill spends almost twice as much on tax cuts for the wealthy compared to tax credits to help older middle-class Americans afford health insurance. The rich get $592 billion in tax cuts for the richest. Compared to only $361 billion for the middle class and the working class to afford health care. So when Speaker Ryan says it's an act of mercy, yeah, for those people who make over $250,000 a year because they get big tax cuts.