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
- A hybrid approach outperforms the 4% Rule, researchers find
- The missing piece in most retirement plans
- Clients are bringing TikTok insurance advice into advisor meetings
- Embracing a family-centric approach to financial planning
- Family communication: Financial planning’s growing blind spot
More Advisor NewsAnnuity News
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
- Investigation finds deceptive sales, churning of annuities targeting postal workers
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
More Annuity NewsHealth/Employee Benefits News
- AG Clark sues over effort to undermine Affordable Care Act protections
- Trump administration finalizes restrictions on Medicaid and CHIP funding for youth gender-affirming care
- Drugmakers, health insurers battle over coupons for high-cost medicine
- Idaho lawmakers look into a hospital insurance dispute
- Manatee County man faces felony charge after $34k disability fraud, deputies say
More Health/Employee Benefits NewsLife Insurance News
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Symetra Named to PEOPLE® Companies That Care™ List for Second Consecutive Year
- LIMRA: Individual life sales continue growth trend in Q2, led by whole life and VUL
- New York Life Awards 20 Golden Futures Scholarships, Expanding Student Support Through Financial Education and Career Development
- Built to Last: Winston-Salem—a quiet industrial powerhouse
More Life Insurance News