Murphy: “Believe Me, Insurance Companies Are Paying Attention”
"Believe me, insurance companies are paying attention to this unending withering assault on the Affordable Care Act and the American health care system. That's why you are seeing these big premium increases. And so we want to make sure that our colleagues understand what's happening here. That the American public understands what's happening here. These increases in health care costs are unprecedented, but they are not surprising, given what this administration and what this
Last week, the Trump administration announced it would not defend the law against a conservative-backed lawsuit to overturn the Affordable Care Act's guarantee of health coverage for Americans with preexisting conditions.
The full text of Murphy's remarks is below:
Mr. President, we have begun the period of time in the year when insurance companies start to declare what their intention is with regard to rate increases, and the news is not good for American health care consumers. I'm going to be joined on the floor today by a few of my colleagues to talk about what the impact of these radical increases in premiums are going to be for our constituents.
The news is not good. But it's frankly no surprise because now for a year and a half the Trump administration has been waging a very deliberate assault on the American health care system, trying to sabotage it as retribution for the country not agreeing to overturn the Affordable Care Act, which now enjoys widespread popularity across the country. And this deliberate campaign of sabotage, beginning on the first day that Trump got in office with an executive order leading up to these last two weeks in which the
And so I want to just quickly run through for you what we have seen thus far with respect to premium increases all across this country as a result of the Trump administration and
But in one of the most populous states in the country,
Now, it is not as if the
Before I turn this over to
The Trump administration in February of this year starts to allow insurance companies to expand the use of junk plans. These are plans that cover very little. They might not cover prescription drugs or mental health or addiction care, but they're cheaper, so healthy people tend to move to these plans, leaving the sick people on the plans that are now going up by 39%.
And the final cherry on top is that the administration right now as we speak is making an argument before the
Believe me, insurance companies are paying attention to this unending withering assault on the Affordable Care Act and the American health care system. That's why you are seeing these big premium increases. And so we want to make sure that our colleagues understand what's happening here. That the American public understands what's happening here. These increases in health care costs are unprecedented, but they are not surprising, given what this administration and what this
Read this original document at: https://www.murphy.senate.gov/newsroom/press-releases/murphy-slams-sky-rocketing-premiums-and-trumps-continued-sabotage-of-americans-health-care
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News