Political Quotes

“I ask unanimous consent also to have printed in the Record a short summary of the three-part, bipartisan proposal that will produce the 40-percent rate decreases in the individual market, according to Oliver Wyman, and up to 20 percent, according to the Congressional Budget Office, over the next 3 years. There being no objection, the material was ordered to be printed in the Record, as follows: Lower Premiums, More State Flexibility, Avoid Chaos in 2019, 2020 and 2021 President Trump, Majority Leader McConnell, and Speaker Ryan support this proposal. Premium Reduction through State-based Reinsurance Program Adds funding for 1332 reinsurance and invisible high risk pool programs at $10 billion a year for 2019, 2020, and 2021, with a federal fallback in the first year. Oliver Wyman projected premium decreases and coverage increases: 2019, 2020, and 2021: 40% lower premiums in states that receive a 1332 waiver than what people in the individual market would pay if Congress doesn't act. Will provide insurance coverage to an additional 3.2 million individuals. An alternate analysis by the Congressional Budget Office, based on real spending on Obamacare subsidies, indicates that the proposal would save over $9 billion over 10 years.…”