we spent a lot of time this week talking about the problems of our healthcare system: Premiums are rising; hospitals are struggling; and out-of-pocket costs are out of control. These problems are not new. And, frankly, notwithstanding all of the rhetoric of my colleagues from the other side, the fact is, these enhanced premium tax credits that we are debating today, if they were extended or not extended, are not going to change the fact that premiums are skyrocketing. They are skyrocketing because of the failure of our current healthcare system. These problems were used to justify ObamaCare in the first place, and ObamaCare has progressively made them worse. Americans did not keep their doctors, as was promised under ObamaCare; Americans did not keep their insurance plans; and their premiums did not go down. In fact, ObamaCare premiums have risen at roughly double the rate of employer-provided healthcare plans since their inception. Our Democrat colleagues have only had one response to these skyrocketing premiums: more spending, which they claim is going to stop premium increases. It, in fact, facilitates greater premium increases. Without ever winning a single Republican vote, they created the Obama premium tax credits, expanded them to all Americans--to Americans of all income levels--and then extended that expansion. These credits did not reduce costs and did not reduce premiums.
Editor's note · Context
Discussing the issues with the healthcare system and the impact of ObamaCare on premiums.
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