Cooper Statement on President Trump’s Decision to Stop ACA Subsidies
WASHINGTON – U.S. Rep. Jim Cooper (TN-05) today released the following statement after President Trump announced his decision to end cost-sharing reduction payments under the Affordable Care Act:
“The Affordable Care Act made America healthier and families more secure. It relied on subsidies to bring more people under the umbrella of coverage. Trump is canceling those subsidies, which will throw people off their insurance due to higher premiums that will be unaffordable,” Rep. Cooper said. “As our nation's insurance commissioners have noted, the insurance markets will soon be in chaos. The president could have helped fix our health care system, building on what we've learned from the ACA; instead he is destroying it.”
About 59 percent of all marketplace enrollees in Tennessee benefit from cost-sharing reduction payments. That includes 18,588 Davidson County residents; 1,281 Dickson County residents and 919 Cheatham County residents in 2016.