HHS Secretary Price Issues Statement on Declining Obamacare Insurance Market

WASHINGTON, July 10 -- The U.S. Department of Health & Human Services issued the following statement by Secretary Tom Price on declining Obamacare insurance market:

"Year after year, insurers are finding Obamacare unworkable and are abandoning it in droves. Barely half the number of issuers who initially filed to sell plans on Healthcare.gov in 2016 want to participate in 2018, and a vast majority of them left before the most recent open enrollment period.

"The situation has never been more dire. Americans are continuing to lose what health coverage they have and are forced to choose from fewer options or pay the IRS for the right to go without. This further limits their access to the doctors and healthcare services they need.

"Congress must act now to repair the damage Obamacare has inflicted and put in place a patient-centered system that is responsive to the needs of individuals and families, not the demands of Washington."