Today, U.S. Representative Bill Pascrell, Jr. (NJ-09), member of the House Budget and Ways and Means Committees, released the following statement after the Congressional Budget Office released an updated report on the consequences of the Republican's House-passed American Health Care Act.

"The Congressional Budget Office's report confirmed why Republicans pushed their terrible health care bill through the House of Representatives without the customary estimates and basic information about the impact this bill would have. As we expected, this bill will result in tens of millions of Americans losing their insurance and skyrocket premiums for older Americans. CBO reports that the average monthly premium paid by a 64 year old would increase by as much as $14,400 under this bill," Rep. Pascrell said. "Additionally, it would cause more instability in state health insurance markets and potentially increase out-of-pocket costs by thousands of dollars each year for some Americans. This was a bad bill before Rep. MacArthur worked to amend it to end protections for individuals with pre-existing conditions and it's a worse bill now."

The full CBO report can be found here.