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

  • How student loan debt impacts 401(k) balances
  • The ‘sandwich generation’ faces compounded barriers to retirement savings
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
  • Most Gen Z investors think less than a year ahead when making financial decisions
More Advisor News

Annuity News

  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • Bitcoin gains ground in retirement market with Equitable annuity option
  • Best’s Special Report: First-Half 2026 Net Income in U.S. Life/Annuity Insurance Industry Dips Slightly
  • The next phase of life insurance investing
  • Ty J. Young Wealth Management Acquires Senior Insurance Services, Expanding Its Growing Annuity Firm: Ty J. Young Wealth Management
More Annuity News

Health/Employee Benefits News

  • PA Health Insurance Rates Poised To Rise Again As Regulators Claim Limited Power For Increases
  • New Economics Study Findings Have Been Reported by Researchers at Massachusetts Institute of Technology (How You Pay Drives What You Choose: Mental Accounting In Health Insurance Plan Choice): Economics
  • Nearly 1 in 5 Medicaid-eligible adults in expansion states are at risk of losing health coverage due to insufficient or inconsistent work hours: Boston University School of Public Health
  • How Lahn and Sand see future for Medicaid
  • NEW CENSUS DATA UNDERSCORE IMPORTANCE OF FOOD ASSISTANCE AND HEALTH COVERAGE ACCESS
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • DE-RESERVIFICATION, NOT DE-DOLLARIZATION
  • Better Business Bureau scam alert: Beware of life insurance impostors targeting older adults
  • Enterprise Life Marks 25 Years With Pledge to Drive Innovation
  • The next phase of life insurance investing
Sponsor
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

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
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.