iberals are freaking out over the GOP tax cuts. According to former Obama National Economic Council director Larry Summers the bill will actually KILL THOUSANDS OF PEOPLE. It’s like 9/11!
“Look I think this bill is very dangerous. There is pretty clear evidence looking across different states and looking at when health insurance has been phased in and out, when people lose health insurance, they’re less likely to get preventive care, they’re more likely to defer health care they need, and ultimately they’re more likely to die,” said Summers during a CNBC interview.
“My piece explains why an estimate that thousands will die as a consequence of this bill is actually a very conservative estimate,” he said. Basically, people will save money by not being forced to buy insurance. Therefore, some will be stupid, choose not to buy insurance and then need insurance.
“I think it would be great to start doing things in a bipartisan way, but that’s going to require not passing major pieces of legislation hours after the relevant staffs have had a chance to evaluate them,” said Summers.
“That’s going to require holding hearings on pieces of major legislation, that’s going to require doing all sorts of things that it doesn’t look like the administration and the current congressional leadership wants to do,” said Summers. Check out the video below.