HHS Secretary Price Issues Statement on Congressional Budget Office Report
Targeted News Service (Press Releases)
WASHINGTON, March 14 -- The U.S. Department of Health & Human Services issued the following statement by Secretary Tom Price on the Congressional Budget Office report on the American Health Care Act:
"The CBO report's coverage numbers defy logic. They project that zeroing out the individual mandate - allowing Americans to choose whether to have insurance - will result in 14 million Americans opting out of coverage in one year. For there to be the reductions in coverage they project in just the first year, they assume five million Americans on Medicaid will drop off of health insurance for which they pay very little, and another nine million will stop participating in the individual and employer markets. These types of assumptions do not translate to the real world, and they do not accurately estimate the effects of this bill.
"The CBO report also does not incorporate two-thirds of the healthcare reform plan President Trump has called for - specifically the regulatory relief HHS can provide and the additional legislative reforms Congress is and will be pursuing. Our three-pronged approach will free patients to purchase coverage that works best for them at a price they can afford.
"Doctors and patients understand that, especially under current law, having coverage is not the same thing as having access to the care one wants or needs. Our approach will provide Americans with relief from the collapsing healthcare law, which never delivered on the benefits projected by the Congressional Budget Office in the first place."
Jupiter Auto Insurance Taps Elafris for AI Solution
Sen. Crapo Issues Statement at Hearing on National Flood Insurance Program
Advisor News
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
- Americans’ sense of overall prosperity still ticks upward
- Turning expanded eligibility into a better coverage plan for federal clients
More Advisor NewsAnnuity News
- Annuity sales hit record $126.3B as RILA sales top $25B
- More pre-retirees rethink retirement as income-planning concerns grow
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Jackson reports record annuity sales, increases share repurchase authorization
- Why the market doesn’t need more carriers
More Annuity NewsHealth/Employee Benefits News
- AFTER TRUMP'S 'BIG, UGLY BILL' KICKED MORE THAN 46,000 NEW YORKERS IN THE HUDSON VALLEY OFF HEALTH INSURANCE EARLIER THIS YEAR, SCHUMER INTRODUCES NEW LEGISLATION TO REVERSE CUTS AND RESTORE HEALTH CARE COVERAGE
- BENNET URGES ACTION AS COLORADO HEALTH INSURANCE PREMIUMS RISE FOR 2027
- QANDA: THINGS TO KNOW ABOUT YOUR HEALTHCARE COVERAGE
- HIRONO, WYDEN, SANDERS, SENATE DEMOCRATS CALL OUT INSURANCE COMPANY COLLABORATION WITH TRUMP ADMINISTRATION TO KICK THOUSANDS OF AMERICANS OFF HEALTH INSURANCE
- BALDWIN, COLLEAGUES DEMAND ANSWERS FROM INSURANCE COMPANIES FOR HELPING TRUMP ADMINISTRATION KICK 760,000 AMERICANS OFF HEALTH INSURANCE
More Health/Employee Benefits NewsLife Insurance News
- Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
- Start estate planning before the family needs it
- Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth
- AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
- National Life Group Approves $23 Million Dividends for 2027
More Life Insurance News