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Business Leaders Rip Healthcare Cuts in Senate Budget

Friday, October 20

FOR IMMEDIATE RELEASE
October 20th, 2017
Contact: Dylan Dusseault
dylan@patrioticmillionaires.org
202-559-1992

Business Leaders Rip Healthcare Cuts in Senate Budget

“This budget proposal targets the most vulnerable people in our society and would devastate the American healthcare system”

Washington, DC – The Business Initiative for Health Policy (BIHP), a group of business leaders focused on progressing healthcare in America, is opposing the extreme cuts to Medicare and Medicaid proposed in the Senate GOP’s budget. The proposal, supported by 51 GOP Senators, makes $1 trillion in cuts to Medicaid and $500 million in cuts to Medicare. Since they were unable to hide tax cuts into their so-called “Healthcare Reform Bill”, they are attempting to hide healthcare cuts into their “Tax Reform”. By limiting the ability of lower-income Americans and senior citizens to access quality healthcare in order to pay for tax cuts to billionaires and corporations, this budget proposal targets the most vulnerable people in our society and would devastate the American healthcare system.

The members of BIHP were far from quiet in their condemnation.

The Republican plan will bankrupt our nation by forcing millions of hard working Americans and their families out of the middle class.” said Morris Pearl, the Chairman of the Patriotic Millionaires and a former Managing Director of Blackrock who is a member of BIHP.

“The Senate budget plan would cut health care from the most vulnerable in order to fund further tax cuts for the richest and most privileged Americans. By threatening the health of all Americans, such cuts endanger our future health and productivity.  Worse, enriching the rich at the expense of the poor, sick, and disabled violates common decency.” said Gerald Friedman, a Professor of Economics and Program Director at the University of Massachusetts Amherst who frequently advises BIHP.

“The Senate’s $1.5 trillion in budget cuts to healthcare for seniors and the poor does nothing to address fundamental correctable costs inherent in the US health system that are not experienced in the rest of the industrialized world. This is a profound failure to responsibly govern, and represents how special interests and their lobbyists successfully dictate public policy to benefit the few over the many.” said Richard Master, the CEO of MCS Industries and the founder of BIHP.

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About the Business Initiative for Health Policy

The Business Initiative for Health Policy (BIHP) is a public education and advocacy campaign led by CEO’s, presidents, and other business executives and advised by health care industry insiders and health policy experts. The goal of the Business Initiative is to advance health policy solutions that 1) ensure the on-going competitiveness of American business, 2) enhance economic growth and 3) provide full coverage for American citizens. Members of the Business Initiative for Health Policy believe that a healthy citizenry is a prerequisite to a stable and prosperous nation, and that the current structure of the health care and health insurance industry is damaging American businesses and the economy.

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