The Senate Republicans’ proposal to repeal the ACA has most of the same devastating consequences for Americans’ health care as the House bill, including provisions that would permit the elimination of coverage for essential health benefits and the caps on out-of-pocket costs that help prevent medical bankruptcy.
“Today’s Republican House vote will rob 24 million Americans of health care coverage, which is tantamount to a death sentence for some patients who depend on coverage to manage serious and chronic medical conditions. The President and House Republicans have nothing to be proud of today as they work to take health care coverage away from millions of Americans who will be harmed by their actions.
Insurance Commissioner Dave Jones announced today that he has authorized health insurers filing rates with the Department of Insurance to file two sets of rates, in light of the market instability created by President Trump’s continued undermining of the Affordable Care Act (ACA).
The misnamed “market stabilization” rules sabotage the Affordable Care Act by significantly reducing the open enrollment time period and creating other conflicts with state laws. Like President Trump’s threats to eliminate the cost-sharing subsidies, his new regulations will destabilize, rather than strengthen, the health insurance market.
The newly proposed amendments magnify the House GOP bill’s flaws by removing essential health benefits from health insurance coverage. After years of rallying against Obamacare and promising to repeal it, the GOP has concocted a proposal that is shortsighted, ill-conceived and dangerous to the health of people who need health insurance coverage and already have it today thanks to the Affordable Care Act.
According to House Republicans, apparently one of the major flaws of their bill is that it does not give massive tax breaks to the wealthy early enough. Accordingly, their amendment accelerates tax giveaways to the wealthy by a year. Most of the remaining amendments represent the GOP’s continued attack on Medicaid, the safety net that Americans have relied on for the past half-century.
It is the policy of my Administration to seek the prompt repeal of the Patient Protection and Affordable Care Act (Public Law 111-148), as amended (the “Act”). In the meantime, pending such repeal, it is imperative for the executive branch to ensure that the law is being efficiently implemented, take all actions consistent with law to minimize the unwarranted economic and regulatory burdens of the Act, and prepare to afford the States more flexibility and control to create a more free and open healthcare market.
I’m very pleased with the U.S. Department of Justice action today to block these mergers because they are anti-competitive and would harm consumers and businesses. As insurance commissioner of the largest insurance market in the country, I urged the DOJ to prevent both of these health insurance mergers, which if approved would have resulted in a highly concentrated, less competitive health insurance market doing irreparable harm to consumers and businesses.