On the recordAugust 2, 2017
first, on the topic of healthcare: I was very happy to hear the statement from Chairman Alexander and Ranking Member Murray yesterday in which they pledged the HELP Committee to the task of restabilizing and strengthening the markets, particularly by guaranteeing the cost-sharing reduction program. As Chairman Alexander said: ``Without the payment of these cost-sharing reductions, Americans will be hurt.'' That is clear. Everyone has said it, even the insurance industry, and yet President Trump continues to treat this critical program as if it is some kind of political hostage. The President treats the critical program as if it is some kind of hostage. Insurers in three States--North Carolina, Pennsylvania, Iowa--have each released separate rates for 2018: one if the payments are made, and one that is 20 percent higher if they are not. In these three States, premiums will be 20 percent higher if President Trump refuses to carry out the law. Every American will see that increase in their monthly bill and know it is a Trump premium tax. Insurers from coast to coast have said that uncertainty surrounding the cost-sharing reductions are the No. 1 threat to the stability of our markets. State insurance commissioners--many of them Republican-- are announcing higher rates for next year and directly blaming the President's failure to guarantee these payments, as the insurance commissioner of Idaho did yesterday.…





