May 25, 2017
FOR IMMEDIATE RELEASE
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Statement by Claudia J. Hammar, President of the New York State Association of Health Care Providers (HCP), on CBO’s Review of the American Health Care Act (H.R.1628)
According to yesterday’s report by the Congressional Budget Office (CBO), the American Health Care Act passed earlier this month will reduce Federal Medicaid funding to states by $834 billion over the next ten years by terminating enhanced Federal matching funds and capping Medicaid payments based on 2016 spending levels. The AHCA would also reduce revenue for Medicare by $59 billion by eliminating a tax on high-income wage earners.
The impacts of the AHCA are even more devastating when combined with President Trump’s tax plan introduced this week, which includes an additional $627 billion in Medicaid cuts.
“The House Republican health care bill, when combined with President Trump’s proposed tax cuts, would result in more than $1.5 trillion in cuts to Federal Medicaid and Medicare spending over the next ten years,” said Claudia Hammar, President of the New York State Association of Health Care Providers (HCP). “These proposals would have devastating impacts on elderly, disabled, and chronically-ill New Yorkers who rely on these programs for their care.”