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Chuck Schumer: “Older Americans could end up spending 30% of their income…”

Featuring: Chuck Schumer, Democratic | U.S. Senate New York

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Published | Video Starts at 04:27

Not by 50%, not by 100%. By 300%. $15,000 more a year just to have health insurance. That's what financial ruin looks like. In fact, if these tax credits expire, Older Americans could end up spending 30% of their income just on health care premiums [if these tax credits expire]. Can you imagine? What kind of country do we live in? What kind of party is this? (04:27–04:37)

CLAIM

Asserts that older Americans might spend 30% of their income on health care premiums if tax credits expire.

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