Political Quotes

“Mr. President, I rise today to introduce the Affordable Health Insurance for the Middle Class Act, a common sense fix to improve affordability of health insurance on the individual market. I am pleased that Senators Hassan, Warren, Harris, Baldwin, and Leahy have joined this bill as original cosponsors, and I appreciate their support. Since its implementation, the Affordable Care Act has helped to expand health care and control out-of-pocket costs for millions of Americans. Over 20 million people who were previously uninsured now have coverage, there are no yearly or lifetime limits on coverage, and no one can be denied coverage or charged more based on their gender or because of a pre-existing health condition. The Affordable Care Act also expanded the individual marketplace, through which 18 million people currently get their coverage. Individuals who make between 100 and 400 percent of the federal poverty level, and who do not have affordable employer coverage available to them, can receive a tax credit subsidy to help pay for insurance on the individual market. This credit limits the cost of insurance at 9.69 percent of an individual's income. However, someone who makes just one dollar above the income threshold immediately loses all federal assistance. This `cliff' unfairly impacts middle-income Americans who are by no means wealthy, but who make just barely too much to qualify for the tax credit.…”