On the recordMay 23, 2017
Mr. President, if there is one thing that has become clear, it is that the ObamaCare status quo is not sustainable. Prices continue to soar while choices are rapidly dwindling. Between 2016 and 2017, the average premium for a midlevel ObamaCare plan on the Federal exchange went up 25 percent--25 percent for just 1 year. Let's remember that this is on top of years--year after year--of premium increases under ObamaCare. How many families can easily absorb a 25-percent premium increase? I would submit that not many. Again, that is just for 1 year. ObamaCare rate hikes aren't going anywhere. Numbers for next year are starting to emerge, and they are not looking good. Connecticut's ObamaCare insurers are requesting average premium increases in the double digits. One Connecticut insurer has requested an average rate hike of 33.8 percent--33.8 percent. In Virginia, one insurer has requested an average rate increase of 38 percent. Another has requested an average 45-percent rate hike. In Maryland, average increases range anywhere from 18 percent to almost 59 percent. One insurer has requested a staggering 150-percent rate increase--150 percent. Obviously, these kinds of price increases are unaffordable for most families, but ObamaCare isn't leaving them any options. Along with soaring prices, choices on the exchanges are rapidly dwindling. Roughly one-third of U.S. counties have just one choice of health insurer on their exchange for 2017.…





