Rep. Adrian Smith Comments on Repealing Obamacare
Obamacare's open enrollment season has begun, and the news for consumers is not good. Premiums for 2017 are an average of 25 percent higher, insurers in many states have left the exchanges, and the six Obamacare co-ops still in existence continue to lose money.
President-elect
One of the tools available to us to repeal Obamacare is called reconciliation. Created by the Congressional Budget Act of 1974, the reconciliation process requires designated congressional committees to find a certain amount of savings within their jurisdictions by a specified date if mandated by the annual budget resolution. Once the committees submit their recommended spending cuts, the Budget Committee produces one reconciliation bill for a vote.
Only provisions which impact spending or revenue can be included in a reconciliation bill. Because many parts of Obamacare may not have a budgetary effect to qualify them for reconciliation, there are likely to be numerous provisions left intact which would have to be amended or repealed in a piecemeal manner outside this process.
In order to begin the reconciliation process,
A reconciliation bill has important advantages. It cannot be filibustered in the
Earlier this year,
Though it is a promising option, reconciliation is not the only avenue for repealing Obamacare. We could also repeal pieces of the law until it is dismantled in an effort to minimize potential impacts on consumers transitioning out of the exchanges.
Many Americans are relieved by the prospect of finally repealing Obamacare, but it is crucial we also replace this failed law with new, patient-centered policy. This year,
Our plan eliminates more than
For too long, bureaucrats in
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