Barack Obama: Senate proposal ‘is not a health care bill,’ is ‘a massive transfer of wealth’

Posted on: June 22nd, 2017 by ABC News No Comments

(Photo by Michele Tantussi/Anadolu Agency/Getty Images)(NEW YORK) — Former President Barack Obama came out against the Senate-produced health care bill on Thursday, calling it “a massive transfer of wealth from middle-class and poor families to the richest people in America.”

“The Senate bill, unveiled today, is not a health care bill,” the former commander-in-chief writes. “It hands enormous tax cuts to the rich and to the drug and insurance industries, paid for by cutting health care for everybody else.”

Echoing Democratic concerns that the bill would raise premiums and deductibles on many people, especially the sickest Americans, Obama notes the millions of Americans who are expected to lose coverage if the bill becomes law.

“Simply put,” Obama wrote, “if there’s a chance you might get sick, get old, or start a family — this bill will do you harm. And small tweaks over the course of the next couple weeks, under the guise of making these bills easier to stomach, cannot change the fundamental meanness at the core of this legislation.”

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