Political Quotes

“ObamaCare is working, as the New York Times indicated in a strong column this week showing how dramatically the rates of uninsurance have dropped since this bill passed. The initial posting of premiums doesn't tell the whole story. The law requires the Department of Health and Human Services to post only the proposed increases that exceed 10 percent. Many of those proposed rates have gone through a review process at the State level, and after that review, States will reduce many of those rates. Remember, we are talking only about the States that had an increase of more than 10 percent. Almost all the States had increases that were far less than that. The health reform law caps 85 percent of exchange enrollees' premiums as a share of their income, and because of the health law, insurance companies must spend at least 80 cents of every dollar on health services. Prior to this law passing, these health insurance companies spent huge amounts of their money on salaries and other things that didn't relate to the health of their enrollees, and now 80 percent of every dollar must be spent on the enrollees. This has resulted in rebates totaling $9 billion paid to consumers since 2011. Eighty cents of every dollar is spent on health services rather than administrative costs and profits. Addressing insurance premium increases in the individual market was a key reason we enacted the health reform bill in the first place.…”