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Chuck Schumer Shreds 'Big, Beautiful Bill' After CBO Says Over 10 Million Could Lose Health Coverage
Forbes Breaking News
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6/4/2025
During remarks on the Senate floor Wednesday, Senate Minority Leader Chuck Schumer (D-NY) spoke about the Republicans' budget.
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00:00
The Democrat leader.
00:03
I want to thank my colleague, Senator Welch, the great senator from Vermont,
00:07
for shining a spotlight on Donald Trump and the Republicans' attack on health care
00:12
in their so-called big, beautiful bill.
00:16
Let's be honest about what the Republican bill really is.
00:19
It's repeal and replace by another name.
00:23
Not one fell swoop, but death by a thousand paper cuts.
00:27
They're afraid to say they want to kill health care, Medicaid, ACA.
00:34
So instead, they put so many barriers in the way that, in effect, they do the same thing.
00:39
They're doing the same with Social Security.
00:42
We've all heard how this bill will devastate Medicaid.
00:46
It's the largest cut in history.
00:49
Every day you learn more about this bill, it gets worse.
00:51
It includes over $1 trillion, $1 trillion in health care cuts.
00:58
Cuts to the ACA, even cuts to Medicare.
01:02
We've been learning that Medicare will be hurt as well by the sequestration.
01:07
And today, if you didn't think it could get worse with this big, ugly bill, it sure did.
01:12
The CBO just announced that their bill will kick millions more people off their health care than we originally thought.
01:22
Not only by attacking Medicaid, but by crippling the ACA, private insurance, and even Medicare now.
01:29
Yesterday, it was 13.7 million people who would lose coverage.
01:34
Today, it's as high as 16 million.
01:37
And, you know, that's a big number, 16 million.
01:39
It's families, it's people who need health care, people whose kids might have cancer and they're desperate to get something done.
01:48
Elderly, who are paying so much for medicine that they can't afford to go to a doctor to see if the medicine is working.
01:57
Families that are just starting out and maybe someone lost his or her job.
02:03
Yep, 16 million.
02:09
But that's each a person, a family, a group.
02:13
The more you look at the House bill, the worse it gets.
02:17
Enrollment time shortened by an entire month.
02:20
Wait time's longer for everyone at the hospital.
02:22
22 million people.
02:24
22 million people could see their average premium go up by an average of 93%.
02:30
Small business owners, 3.3 million, will see their premiums skyrocket.
02:36
Hospitals, nursing homes, health centers, all at risk.
02:40
I've been at nursing homes in many parts of my state.
02:43
Guess what?
02:45
They're all afraid they're going to close.
02:47
60, 70% of their income is Medicaid.
02:51
That's how they take care of the elderly.
02:53
And those people will lose their coverage and be forced to leave because the nursing home will close.
03:02
Well, how about those 45-year-old couples with three kids, no extra room in the house,
03:08
and mom has to come back because she's got no place to go,
03:12
and there won't be adequate health care there at home.
03:14
And job loss.
03:17
Job loss on this big, ugly bill, this betrayal.
03:23
850,000 will lose their jobs in health care alone.
03:26
Another 800,000 in clean energy.
03:30
Many, many more.
03:32
Millions are losing their jobs.
03:34
I don't know how the economists would think, but when you lose 2 million jobs, if that's the case,
03:40
you're right on the edge of a recession, if not in one.
03:44
And despite all this, Donald Trump has the gall to lie and say that his bill wouldn't harm Americans' health care.
03:51
He says no one will lose coverage.
03:54
Ladies and gentlemen, people of America, Donald Trump is lying.
04:00
The bill will kick people off their health care coverage.
04:03
It will slash health care benefits.
04:05
It will close rural hospitals.
04:07
People will get sicker and die.
04:10
What did the junior senator from Iowa say?
04:13
Well, we're all going to die.
04:17
How about the junior senator from Louisiana?
04:19
I'm not worried about people losing their health care.
04:22
It shows the callousness of the Republican senators when it comes to health care.
04:27
They don't seem to care.
04:28
They seem to say tough luck.
04:30
Republicans should forget calling this their one beautiful bill.
04:36
You know what the new name for this bill is, a more suitable name?
04:39
The We're All Going to Die Act.
04:42
The We're All Going to Die Act.
04:46
Because that just about sums up how callous they're being with the American people.
04:51
For many Americans, health care is the difference between life and death.
04:56
Democrats will fight this bill with everything we've got.
05:00
The American people deserve to know the truth.
05:02
And one more point I would say to my colleagues.
05:06
Donald Trump is selling you Republican colleagues a bill of goods.
05:10
It's not going to hurt anybody.
05:11
Don't believe his false words.
05:14
Because when you vote for this bill, the effects will actually occur.
05:20
And the public will realize what you have done.
05:23
So don't let Donald Trump sell you a bill of goods.
05:26
We know he makes things up out of the clear blue all the time.
05:30
He's doing it now.
05:31
And when he calls you in and tells you that no one's going to be hurt and no one's going to lose coverage,
05:39
you know that's a crock of you know what.
05:42
Can't say it here.
05:45
Don't listen to him.
05:47
Because your constituents will pay an awful price in health care.
05:52
And they will know you did it.
05:54
I yield the floor.
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