Six Nobel Peace Prize winning economists penned a letter to the Senate that showed them exactly what’s wrong with the “Trumpcare” bill.

Background:

Trumpcare has been criticized by those on both sides of the aisle as being an absolutely massive failure, and it hasn’t even been fully presented yet. Republicans have decided to work on it behind closed doors, despite their criticisms of Obama when he did the same.

Many organizations have vocalized their concerns.

VoteVets.org, a veteran advocacy that’s been known for calling out Trump in the past over Twitter, which ultimately led to him blocking them on Twitter, tweeted:

The #AHCA #TrumpCare plan cuts the tax credit that makes health care coverage affordable for veterans – and pushes them into the VA system.

The American Medical Association, the largest association of doctors in the nation, had this to say:

“The bill passed by the House today will result in millions of Americans losing access to quality, affordable health insurance and those with pre-existing health conditions face the possibility of going back to the time when insurers could charge them premiums that made access to coverage out of the question.”

The AARP’s Executive Vice President Nancy LeaMond’s had this to say in a statement:

“AARP is deeply disappointed in today’s vote by the House to pass this deeply flawed health bill. The bill will put an Age Tax on us as we age, harming millions of American families with health insurance, forcing many to lose coverage or pay thousands of dollars more for health care.

Yet, despite all that, the Republicans are still plunging forward.

What’s happening now:

Now, a large group of economists, including six Nobel Peace Prize winners, have sent a strong statement to the Republicans in the Senate, saying that this bill “threatens reduced coverage and higher costs for those who continue to have it.”

They also said Trumpcare , “would narrow coverage, and by driving relatively healthy people from the market, raise premiums for those who remain.”

From The Hill:

The Senate healthcare bill unveiled last week does away with ObamaCare’s individual and employer mandates, caps federal Medicaid spending and makes cuts to ObamaCare’s tax credits. Senate GOP leadership is aiming to hold a vote on the measure this week.

The economists said they think it is likely that the Senate bill would reduce coverage for almost as many people as the House-passed bill. The Congressional Budget Office predicts that the House bill would result in 23 million fewer people having insurance over a decade.

The economists also argued that the Senate bill would reduce help for people that are currently buying health insurance through federal and state exchanges. And they criticized the Senate bill because it would largely use savings from cutting healthcare subsidies and coverage to cut taxes for high earners.

So they’re just giving kickbacks to the rich at the expense of the poor?

So business as usual for the Republicans, eh?

H/T: The Hill