On the recordFebruary 27, 2017
Madam President, 2 weeks ago, major health insurer Humana announced its decision to completely withdraw from ObamaCare exchanges for 2018. The company decision was not particularly surprising. Humana had already sharply reduced its participation in the exchanges for 2017, but the decision did confirm yet again that President Obama's healthcare law is on its last legs. Choices on the exchanges declined sharply for 2017 as insurer after insurer cut back on participation. Nearly one-third of U.S. counties have just one choice of insurer on their exchange for 2017. Meanwhile premiums on the exchanges are soaring. Exchange premiums increased a staggering 25 percent on average for 2017. That is a 25-percent premium increase for just 1 year. How many working families can afford a 25- percent increase in their healthcare premiums for 1 year? Things are even worse in some States. Seven States saw an average premium increase of more than 50 percent for 1 year. It is no surprise that many people who have ObamaCare insurance have found they can't afford to actually use their plan. Well, Democrats can talk about coverage all they want, but coverage doesn't mean much if you can't afford to actually take advantage of it. It is time to give the American people some relief. Over the next few weeks, Congress will continue with the process of repealing and replacing ObamaCare.…





