Concord, N.H. – Last night, President Trump continued to sabotage the Affordable Care Act by ending cost-sharing reductions that help New Hampshire families afford and remain on their insurance plans. The Congressional Budget office estimates this action will result in a 20% increase in premiums next year alone, kick one million Americans off of their insurance plans, and add $194 billion to the federal deficit.
President Trump’s efforts to sabotage the Affordable Care Act include his executive order to increase ACA premiums, offer junk insurance and strip existing protections, his directive to cut the enrollment period in half, from 3 months to just a month and a half from November 1, 2017 to December 15, 2017, and his decision to slash the Affordable Care Act advertising budget while using part of it for negative advertising against the ACA. In August, Governor Sununu rejected the New Hampshire Insurance Department’s reinsurance plan that promised to decrease expected 2018 premiums by 5%.
Senate Democratic Leader Jeff Woodburn, Senate Deputy Democratic Leader Donna Soucy, House Democratic Leader Steve Shurtleff and House Deputy Democratic Leader Cindy Rosenwald issued the following joint statement:
“President Trump’s decision to end cost-sharing reduction payments will dramatically hurt New Hampshire families’ ability to afford and access the health insurance they need. The Trump administration’s varied attempts to dismantle the Affordable Care Act and its protections are shameful and it is abundantly clear that this effort is an attempt to settle a political score rather than act in the best interest of the American people.
Today, we are calling on Governor Sununu and New Hampshire’s Republican legislative leaders to pass a reinsurance program to provide as much relief as possible to Granite Staters who will see premiums go up an average of 20% next year as a result of President Trump’s decision to cancel CSR payments. We are also calling on New Hampshire’s Attorney General Gordon MacDonald to join Attorneys General across the country who are promising to sue the Trump administration to protect cost-sharing reductions. We will work with anyone, anywhere to make sure Granite Staters continue to see the protections and guarantees they have received under the Affordable Care Act and fight back against President Trump’s destructive sabotage.”