Posted by Brandon Jarvis
In an effort to try and sneak in the other big part of their agenda this year, the GOP tax bill now includes a repeal of the individual mandate of the Affordable Care Act.
“We’re optimistic that inserting the individual mandate repeal would be helpful” to the tax effort, Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday after meeting with party members during a closed-door lunch.
Repealing the mandate would free up more than $300 billion in government funding over the next decade, but it would cause 13 million fewer people to have health insurance in a decade, according to projections from the nonpartisan Congressional Budget Office.
Governor Terry McAuliffe released the following statement today in response to efforts in congress to include a repeal of the Affordable Care Act’s individual mandate in the Republican tax cut bill:
“Increasing health care costs for Virginia families to finance tax cuts for millionaires and major corporations would be a disaster for the middle class and our economy. The proposal in the U.S. Senate to repeal the Affordable Care Act’s individual mandate will create further chaos in an already volatile insurance market and price many Americans out of insurance – all to take money out of the pockets of middle class families and transfer it to corporations and the rich. I urge congress to work to improve this bad bill instead of finding new ways to harm the people they were elected to serve.”