Pelosi Statement on Latest Trump Threat to Raise Americans’ Health Costs & Premiums

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement after reports President Trump said he wants to refuse to make the Cost Sharing Reduction payments required under the Affordable Care Act:

“If the President follows through on his latest threat, he will be directly responsible for increasing premium costs for consumers by 19 percent, and increasing costs for taxpayers by billions of dollars.

“The President’s comments are the latest salvo in his transparent effort to destabilize the insurance marketplaces so Republicans can permanently raise Americans’ health costs with Trumpcare.  The cruel cynicism of the President’s threat is exceeded only by cruel cynicism of Trumpcare.

“Speaker Ryan claimed that Republicans ‘will make sure no one has the rug pulled out from under them.’  The Administration previously indicated that they would make these payments, and this sudden, malicious change of position would do grave harm to American families.  Instead of making threats, President Trump should work with Democrats to stabilize the markets and lower costs for all Americans.”