WASHINGTON - Today in a press conference, U.S. Senator John Cornyn (R-TX) addressed the Congressional Budget Office's (CBO) recent score of the American Health Care Act which estimated the bill will lower premiums by 10% after ten years, reduce the deficit by $337 billion, and lower taxes by $883 billion over current law. Excerpts of Sen. Cornyn's remarks are below, and video of his remarks can be found here https://www.youtube.com/watch?v=9kyfp_QgnZE&feature=youtu.be.
"Well if you think about it, if the government's not going to penalize you for not buying a policy that you don't want, given the freedom to make a decision that is consistent with your own economic interests, and you may decide not to buy it, and that's in large part what the CBO score reflects."
"But I would just say to our friends on the Democratic side of the aisle, that Obamacare is in meltdown mode. We all know that. They know that as well. Premiums are skyrocketing, deductibles are unaffordable, insurance companies are fleeing the marketplace. We are the rescue team that's come on the scene in order to try to salvage a mess that they created."
Brown Opening Statement at Hearing on Reauthorization of the National Flood Insurance Program
Senator Lankford Visits White House to Discuss Obamacare Replacement
Advisor News
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Health plans task force fight Medicaid fraud
- Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
- More than 1,700 Pottawattamie County residents face Medicare plan cancellations
- KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
- SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits NewsLife Insurance News