New Mexico health insurance premiums are expected to rise an average of $2,521 – unless you make more than $200,000 a year (New Mexico’s 1%). Then, of course, you get a huge refund.
Later today, House Republicans in Congress say they’ll vote to replace Obamacare with TrumpCare and give a huge tax break to the richest Americans.
They want to do it before the analysis is complete, but some data is already available. Two new reports released this week show the impact on the average American (and New Mexican).
Here’s how to explain TrumpCare to your co-workers and that crazy Tea Party uncle you know will be tweeting about it later:
Individuals: If you’re New Mexico’s 1%, TrumpCare gives you $50K. If you’re poor, it costs you $1,420
Families: By 2020, when huge GOP tax cuts take full effect and Medicaid enrollment is frozen, your costs look like this:
Individual costs would increase by $2,049 – $2,243 for the average family
But, if your family includes someone aged 55-64, your family costs would increase by $10,591 because the GOP plan associates costs with age instead of spreading risk out among all users.
New Mexico’s Middle Class: It’s even worse for the poor and working middle-class.
Families needing the most help – those making 250% of the poverty level – would see the largest hits to their incomes.
For New Mexico families of four making less than $60,756 a year (250% of poverty level and the state’s ACA enrollee guidelines), their health care bill would increase by $9,024.
The Rich: All to give huge new tax cuts to the wealthiest Americans.
A new study published in the Washington Post shows how the top 1/10th of 1% of wage earners would save $196,000 a year through new tax cuts in the Republican plan.
Other provisions give tax credits and deductions to drug companies, medical device companies – there is even a special tax break for health care company CEOs.
147,600 New Mexicans will be uninsured by 2026 (including almost 51k in Pearce’s district alone)
See the full district-by-district analysis here.
So what to do?!
The fake news machine is working overtime to tell middle-class Americans that TrumpCare works for them. The real facts know better.
Help us tell New Mexicans what this means for them before this vote by sharing this on Facebook before today’s vote.
Tell our Congressional delegation we stand with them if they vote to protect Obamacare (and we’ll be working against Pearce if he votes to repeal it!) Action: Tell Congress: Stop the repeal of Obamacare
By: Patrick Davis @ PROGRESSNOWNM