Kevin Brady: “Over the last few months, the American people have witnessed one ObamaCare failure after another. Major insurers are…”

“Over the last few months, the American people have witnessed one ObamaCare failure after another. Major insurers are fleeing the exchanges, healthcare premiums are continuing to just skyrocket, and only 7 of ObamaCare's 23 public option co-ops remain. After New Jersey's announcement yesterday that it will close its co-op, we will be down to merely 6 at the end of the year. That means nearly three- quarters of a million Americans have been or will soon be kicked off their current healthcare insurance. Every week, the news about this law gets worse. That is why House Republicans are taking action right now to protect seniors across our country from another looming negative consequence of the President's healthcare law. I am honored today to speak in support of Congresswoman Martha McSally's Halt Tax Increases on the Middle Class and Seniors Act. Before the Affordable Care Act, Americans could find some relief in their ability to deduct high-cost, out-of-pocket medical expenses from their taxes, but this important source of relief is about to get further out of reach for seniors, thanks to ObamaCare. For Americans under 65 years of age, a provision of the Affordable Care Act has already raised the previous 7.5 percent income threshold up to 10 percent. Starting January 1, just 3 months from now, the provision will go into effect for America's seniors and elderly as well.…”