Larry Summers : 'Thousands Will Die' From GOP Tax Plan
Larry Summers
Larry Summers   the treasury secretary during the Clinton administration  said âthousands would dieâ because of the Republican tax plan that is gradually making its way through Congress before President Donald Trump signs it into law as early as this month.
 Summers  said  he  based  his  grim assertion on the work by another economist  Kate Baicker  who served on the Council of Economic Advisers during the administration of President George W. Bush.  She  now is dean of the Harris School of Public Policy at the University of Chicago.
âThe Congressional Budget Office estimated that the tax bill could reduce insurance coverage by 13 million people  which to be conservative we can round down to 10 million people â  Summers  wrote in a blog for the Financial Times. âIf we treat the 176 to 830 range as implying that it is safe to assume that 1 000 more uninsured means one death  the conclusion would follow that the tax bill would result in 10 000 extra deaths per year.â
 Summers  said there are many issues that can affect such an outcome.
While people are still free to buy health insurance even if the federal government doesnât require them to do so   Summers  cites two reasons for why they likely wonât.
[TGT] said âthousands would dieâ because of the Republican tax plan that is gradually making its way through Congress before President Donald Trump signs it into law as early as this month.
  [TGT] said  he  based  his  grim assertion on the work by another economist  Kate Baicker  who served on the Council of Economic Advisers during the administration of President George W. Bush.   [TGT]   now is dean of the Harris School of Public Policy at the University of Chicago.
âThe Congressional Budget Office estimated that the tax bill could reduce insurance coverage by 13 million people  which to be conservative we can round down to 10 million people â   [TGT] wrote in a blog for the Financial Times. âIf we treat the 176 to 830 range as implying that it is safe to assume that 1 000 more uninsured means one death  the conclusion would follow that the tax bill would result in 10 000 extra deaths per year.â
 Summers  said there are many issues that can affect such an outcome.
While people are still free to buy health insurance even if the federal government doesnât require them to do so    [TGT] cites two reasons for why they likely wonât.