Fact Sheet: The BCRA Reduces Healthcare Coverage and Financial Security for Millions of Americans

The Better Care Reconciliation Act of 2017 (BCRA), recently put forward in the Senate, would jeopardize the financial stability and health of American families. Millions of consumers would lose health coverage, out-of-pocket costs would rise, and the coverage of millions who rely on Medicaid would be endangered. The BCRA also would eliminate key protections that have contributed to a decrease in personal bankruptcies, explained in a May, 2017 Consumer Reports article, ‘How the ACA Drove Down Personal Bankruptcies: A look at how expanded healthcare helped cut the number of filings by half.’ Moreover, while cutting health coverage for millions, this legislation would provide tax breaks for the wealthiest Americans.