Political Quotes

“Madam Chair, I yield myself such time as I may consume. Madam Chair, I am pleased my Democratic colleagues are finally expressing some concern for rising healthcare costs, particularly the burden those costs can impose on our Nation's seniors. I remind my Democrat colleagues that Medicare is expected to become insolvent in 8 years. Increasing access to AHPs may be a lifesaving option for these seniors if Congress does not address Medicare's insolvency issues. Unfortunately, for seniors, premiums of older Americans have risen drastically thanks to ObamaCare. In fact, health plans in New York just requested rate bumps of up to 40 percent. The percentage of healthcare costs paid by a health insurance plan is known as the actuarial value, AV. On average, the AV of an individual employer-sponsored plan is 83 percent. When compared to the 70 percent AV of a silver plan and even the 80 percent AV of a gold plan on the Affordable Care Act exchanges, employer-sponsored plans provide affordable and more comprehensive coverage than ACA plans. Employer-sponsored plans also have lower average deductibles: $1,763 for an individual employer-sponsored insurance plan compared with $5,155 for an individual ACA exchange silver plan. I will repeat that: $1,763 on an employer-sponsored plan, for an individual employer-sponsored insurance plan, compared with $5,155 for an individual ACA exchange silver plan.…”