2:13 PM To: SCHUMER-PRESS@LISTS.SENATE.GOV - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 9, 2017 Newswires
Share
Share
Post
Email

2:13 PM To: [email protected]

Congressional Documents & Publications

-----Original Message----- From: SCHUMER-PRESS [mailto:[email protected]] On Behalf Of CommunicationsCenter, SenateDemocraticPolicy (DPCC) [mailto:senate.gov] Sent: Friday, June 09, 2017 2:13 PM To: [email protected]

Date: June 9, 2017

Senator Ron Wyden Delivers Democratic Weekly Address

"A little more than a month ago, the House of Representatives twisted arms and cut backroom deals until they passed a deeply unpopular health care bill. It's complicated legislation, but at its heart is a basic architecture that takes from middle-class Americans to give large tax breaks to the well to-do."

Washington, D.C. - With President Trump's administration and the Republicans in the Senate threatening to repeal the Affordable Care Act, writing their bill behind closed doors exclusively by men, U.S. Senator Ron Wyden (D-OR) delivers the Weekly Democratic Address. In this week's address, Wyden makes clear that the Republican legislation is fundamentally about giving massive tax breaks to the wealthiest Americans and special interests while ending health care tax cuts for the middle-class and threatening nursing home care, opioid treatment, kids health care and other health care middle-class Americans count on to get by.

A full transcript of the address follows:

Hello, I'm Ron Wyden, Senator from Oregon.

Americans across the country are heading into the dog days of summer - the kids are getting out of school, vacations are being planned, and families are firing up the grill. And this year, nobody would blame people who are feeling a little exhausted by politics.

But the fact of the matter is, there are critical, life-changing decisions being made about Americans' health care right now in the United States Senate that should have people on high alert. Before I came to the Senate, I co-founded a seniors' group in Oregon known as the Gray Panthers, and what I learned then is that change happens from the bottom up. It isn't top down from here in the stuffy halls of government buildings.

A little more than a month ago, the House of Representatives twisted arms and cut backroom deals until they passed a deeply unpopular health care bill. It's complicated legislation, but at its heart is a basic architecture that takes from middle-class Americans to give large tax breaks to the well to-do.

Nobody should be surprised if Republican Senators take the same approach. Earlier this week, Majority Leader McConnell moved to bring the House bill to the floor, bypassing any debate in Committees and setting up a rushed, dead-of-night vote on a bill that will effect one-sixth of the American economy.

Their approach cuts Medicaid by more than $800 billion dollars. Some may not be familiar with the role Medicaid plays in the lives of millions of Americans to provide basic health care.

* Medicaid helps pay for seniors' nursing home care so the elderly don't end up in squalor or out on the street.

* Medicaid provides pregnant women with key maternity care, and helps with their child's health care after they're born.

* Medicaid offers health care and support for Americans with disabilities so they can live, work and thrive in their communities, instead of institutions.

* And Medicaid gives treatment to people with mental illnesses or substance abuse disorders who need a foundation to stand on so they can lead healthy, productive lives.

Bottom line, without Medicaid, America moves a giant step backwards to the days when health care was reserved for the healthy and the wealthy.

The Republican health care legislation also takes nearly $300 billion in tax cuts for health care away from the middle-class. It's difficult to tell how that's going to make health care better or bring down premiums.

So working families and seniors on Medicaid and the middle class are hit hard under this plan. Taken together, it's understandable why somebody would wonder where those cuts are going and how it's going to make health care better.

Unfortunately, the answer is that the vast majority of the dollars from those cuts are used to pay for massive tax breaks exclusively for the wealthiest Americans and special interests.

Every working American pays a Medicare tax straight out of their paycheck -- but only those at the top will get a break. The tax on unearned income of the wealthiest Americans is eliminated. Big Pharma and insurance companies get a substantial tax break, too.

I've made health care a priority throughout my time representing Oregon because to me, if you or your family member don't have your health, everything else is pretty much by the boards. This legislation is going to put the health of millions at risk.

To accomplish this "Robin Hood in reverse" approach without bipartisan support, Republicans are using an arcane process known as reconciliation. That's not a term that's likely to come up at coffee shops around the country, but it's important. Reconciliation amounts to "my-way-or-the-highway," not both parties working together to solve the nation's problem as Americans expect them to.

Democrats are ready to work together with our Republican colleagues to make health care better. To bring down prescription drug prices. To bring more competition into health insurance markets. To improve treatment for people with multiple chronic illnesses like heart disease, diabetes and cancer that drive most health care spending today.

For now, that's not what's on offer, and the country is worse off because of it. But I'm still optimistic that principled bipartisanship can win the day after Americans' raise their voices to make it clear they don't support an approach that takes health care from middle-class Americans to give large tax breaks to the well to-do.

Thank you.

Older

Unum Group Files SEC Form 4, Statement of Changes in Beneficial Ownership of Securities (May. 30, 2017)

Newer

Weekly Wrap-Up from Ed & Workforce Republicans

Advisor News

  • Caregiving: A challenge that costs employers billions
  • Could your practice benefit from an advisory board?
  • SEC nears settlement with accused scammer Tai Lopez
  • The 3 things that shrink your Social Security income
  • Proposed legislation takes aim at Social Security shortfall
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
  • Trademark Application for “EMPOWER YOUR MONEY” Filed by Empower Annuity Insurance Company of America: Empower Annuity Insurance Company of America
  • Built-in guaranteed annuities: What advisors should know
  • Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
  • Why job boards are failing insurance agencies
More Annuity News

Health/Employee Benefits News

  • Caregiving: A challenge that costs employers billions
  • agilon health Reports ACO REACH Model Results for 2024 Performance Year
  • Ohio saw the largest drop in enrollment after Trump/Republican Affordable Care Act cuts
  • Ohio children unable to access mental healthcare because of insurance, costs, and lack of providers
  • THE BIG UGLY IMPACTS OF THE BIG BEAUTIFUL BILL: HOW H.R. 1 IS HURTING CHILDREN'S HEALTH ONE YEAR IN
More Health/Employee Benefits News

Life Insurance News

  • Could your practice benefit from an advisory board?
  • AM Best Revises Outlooks to Stable for Missouri Farm Bureau Group’s Members and Farm Bureau Life Insurance Company of Missouri
  • Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
  • AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited
  • Reliance Matrix Expands Employee Navigator Integration with New Evidence of Insurability (EOI) API Enhancement
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet