Doctors’ group tells Senate to fix, not repeal ‘Obamacare’
Associated Press
CHICAGO (AP) — The nation's largest doctors' group urged senators on Friday to stop trying to repeal or replace Barack Obama's Affordable Care Act and instead begin a bipartisan effort to stabilize the insurance marketplace.
The American Medical Association said proposed Republican bills — one to repeal and replace the 2010 health law, the other to repeal only — would cause too many people to lose coverage.
"Each bill results in millions more Americans without health insurance coverage, weakened markets, less access to affordable coverage and care, and the undermining of funding for state Medicaid programs," wrote Dr. James L. Madara, the group's CEO, in a letter to Majority Leader Mitch McConnell, R-Ky., and Minority Leader Chuck Schumer, D-N.Y.
The doctors group called for bipartisan cooperation, starting with action to shore up shaky insurance markets.
"Senators from both sides of the aisle have expressed interest in pursuing remedies to stabilize the individual market and foster greater availability and choice of health plans. We urge Congress to take this initial step," the letter said.
The AMA has about a quarter-million members.
The Congressional Budget Office said Thursday that McConnell's latest bill would produce 22 million additional uninsured people by 2026 and drive up premiums for many older Americans. Congress' nonpartisan fiscal analyst said Wednesday the repeal-only bill would mean 32 million additional uninsured people over a decade and average premiums doubling.
The AMA letter said the group is willing to work with Congress to address longer terms goals such as unsustainable trends in health care costs.
Portman’s opposition helps kill ‘repeal only’ plan
The Unfrozen Moment – Delivering A Green Brexit
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 NewsAnnuity 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 NewsHealth/Employee Benefits News
Life Insurance News