On the recordMay 8, 2017
Mr. President, it has been said that nothing is certain but death and taxes. To that, nowadays, we might add bad news about ObamaCare because if there is one thing we can count on, it is bad news about this fatally flawed law--high premium costs, huge deductibles, customers losing health plans, customers losing doctors, fewer choices, failed co-ops, unraveling exchanges, and I could go on. There is no question that our healthcare system had problems before ObamaCare was passed. Clearly reforms were needed. But as the past 7 years have made clear, ObamaCare was not the answer, and this law is rapidly collapsing under its own weight. Here is a sampling of recent ObamaCare headlines. This is from Bloomberg: ``Thousands of ObamaCare Customers Left Without Options as Insurers Bolt.'' This is from CNBC: ``Aetna will exit ObamaCare markets in Virginia in 2018, citing expected losses on individual plans this year.'' From the Arizona Republic: ``Consumers seek relief as `ObamaCare' rates rise.'' From USA TODAY: ``Iowa may be without individual health plans if insurer pulls out.'' In February of this year, Mark Bertolini, the CEO of health insurance company Aetna, asserted that ObamaCare is in a death spiral. There is good reason to think he is right in that significant losses are driving health insurers out of the exchanges.…





