is crafted, your lower premium probably gets you less coverage. yeah. definitely. i think the other important thing to keep an eye on too is the premiums are part of the story what people who are actually buying the insurance care most about is what they re going to be paying out of their pockets. and while we may see some of premiums go down on average, it is really dependent on people s circumstances, there will be most likely receiving less money and federal assistance to purchase their premiums, and certainly for the older people paying a lot more in premiums under this bill than they do urn der current law. let me put up a screen here, that compares short of out of pocket costs to people under obamacare versus this new trump care. if you take a low income earner, under obamacare, the deductible is $255, under this plan, that same person could be paying $6,000 as a deductible. to your point that premiums are
critics are saying this is all great for the trumps of the world and wall street. i was on with anderson and then i saw gary cohn speak at a private event last night. one thing i ll tell you, go back and look at gary s story. he comes from an immigrant family, had displex yeah. grew up in cleveland. everyone is looking at him saying that he looks like a mr. goldman sachs but before anyone judges the decision making around this tax reform strategy, here s what i ll say to you. the headlines today scream this is the richest cabinet in history, they are worth $12 billion, the rich are getting richer. let s take it down to what you talked about, which is the person who voted him in office, the low to middle income earner. the estimates are that their taxes will actually rise because
up. post-labor day. that makes nicole s point that the issues and the environment favored donald trump overwhelmingly. he s had to work really hard to not be ahead. or the environment is disfavorable to hillary clinton and yet here she is still most likely to win. so, again, this is why i think republicans would be smart to make the case. look at the news of the last few days about obamacare premiums, healthcare premiums skyrocketing and health insurance companies getting the subsidies and the sort of idea again that you know one thing about hillary clinton, she s going to try to raise if you re a middle class income earner, she s going to try to raise your taxes. there s one thing you can say for republicans which is they will try to stop a tax increase. that s an argument that if i m in a swing district or a senator running in a swing state, i m going to try to make that
presidential candidates. it s important because it s a huge income earner iowans. we grow a lot of corn here. i wouldn t say it s 100% make or break, but it is as close to a make or break issue as you can get in the state. scott walker showed support for the mandate earlier this year, but has since favored getting rid of the requirements in the long term. the bottom line is it s in place right here, and we think over time, all the different standards should be phased out. scott walker told me earlier today he d like to phase it out. no. in the past, being against ethanol subsidies was one sure way of losing the iowa caucus. while liz mare learned the hard way. you ve gotten a little bit of back and forth this year on your position with ethanol. yes. and farm subsidies as well, yes. in march, she was forced to resign from scott walker s pac, one day after she was hired.
let s get that website fixed and let people go on and, tomorrow, we are going to offer a legislative plan to make sure that we make the plan a bit better. look. if the republicans, i was in committee today. they don t have an answer. they don t. john boehner is saying the best health delivery system in the world, his head is in the sand. what he is thinking about? totally. he has no plan for people who are bankrupt because of a health issue as i had laid out earlier today tonight. the numbers don t add up for the medi median income earner in this country. jan schakowsky with us on the ed show. remember to answer the question at the bottom of your screen and share your thoughts with us on facebook and the address on your screen. much more coming up. stay with us. (vo) you are a business pro. maestro of project management.