Pallone Slams Republican Fiscal Hypocrisy on Rules Change - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 4, 2017 Newswires
Share
Share
Post
Email

Pallone Slams Republican Fiscal Hypocrisy on Rules Change

Congressional Documents & Publications

Washington, DC- Today, Congressman Frank Pallone, Jr. (NJ-06) delivered the following remarks on the House Floor today during debate on H. Res. 5, which will establish the rules for the House of Representatives in the 115th Congress. H. Res. 5 creates a special exemption from points of order for legislation repealing the Affordable Care Act (ACA), which will allow Congressional Republicans to add $3 trillion to the national deficit without paying for it:

The text of his remarks can be found below and the video can be found here https://www.youtube.com/watch?v=iLIwhey8PcM&feature=youtu.be.

Mr. Speaker, today we are seeing just how far House Republicans are willing to go to repeal the Affordable Care Act. The party that claims to be fiscally responsible is now looking to change the rules of the House so that it can be fiscally reckless in its dangerous assault on the Affordable Care Act.

The Republican Rules package would continue points of order against considering legislation that would increase direct spending by $5 billion dollars or more EXCEPT when it comes to their ACA repeal bill. If House Republicans firmly believe in their ACA repeal plan, they should be willing to defend the plan against a point of order. House Republicans know that repealing the ACA will increase direct spending and the deficit by $3 trillion dollars, and this cynical rules proposal shows that Republicans want to hide the true costs of their repeal plans from the American people.

We are simply not going to allow that to happen. Repealing the ACA would take heath care away from about 30 million people and it would increase health care costs for everyone else. Premium growth for Americans in employer-sponsored insurance plans has slowed since the ACA became law. If the ACA had not been enacted and average growth remained the same, job-based premiums would be a projected $3,600 higher today. Insurance coverage for all Americans is also better because of important consumer protections included in the law, like prohibitions on annual and life time limits and no discrimination for pre-existing conditions.

Repeal will also harm hospitals. The hospital industry has warned that repealing the ACA could cost hospitals $165 billion and trigger a quote "unprecedented public health crisis." Since the ACA was enacted, uncompensated care costs have declined for hospitals by approximately 21 percent. These costs cripple hospitals and are passed on to others in the form of higher prices.

Repeal would also harm the 55 million seniors and people with disabilities enrolled in Medicare. In addition to ensuring free preventive services for Medicare beneficiaries and closing the prescription drug donut hole, the ACA lengthened the solvency of the Medicare trust fund by 11 years. Reforms in the ACA helped slow the rate of health care cost growth in Medicare, which means Medicare seniors pay less today than they would have if the ACA weren't enacted. Medicare spending was $473 billion less from 2009-2014 compared with spending if pre-ACA cost growth trends had continued. Repeal would reverse these gains and shift costs to seniors who simply cannot afford it.

Mr. Speaker, Republicans say they are fiscally responsible, and that government spending is out of control, but today they will vote to add $3 trillion dollars to the deficit with their ACA repeal bill. Their assault is not logical, it's ideological. And I urge all Members to vote against this GOP hypocrisy.

Read this original document at: https://pallone.house.gov/press-release/pallone-slams-republican-fiscal-hypocrisy-rules-change

Older

Rep. Chu Statement on Republican Rules Package for 115th Congress

Newer

CONGRESSMAN PITTENGER’S STATEMENT ON PROPOSED CHANGES TO OFFICE OF CONGRESSIONAL ETHICS

Advisor News

  • Demonstrating the value of life insurance to Gen Z
  • Poor money habits are a dealbreaker in a new relationship
  • DC plan sponsors see opportunity in alternatives
  • The American Dream: Redefined as financial stability
  • Partial annuitization: How advisors can help clients balance income, growth
More Advisor News

Annuity News

  • CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
  • KBRA Assigns Rating to TruSpire Retirement Insurance Company
  • Partial annuitization: How advisors can help clients balance income, growth
More Annuity News

Health/Employee Benefits News

  • Copay assistance is meant to defray patient drug costs. Some insurers keep it instead
  • Amid claims of 'playing politics,' Auburn council amends city manager's contract
  • OCWNY to hold seminar for disability beneficiaries Friday
  • Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
  • Douglas Veterans Claims Clinic Connects Rural Veterans With Critical Services
More Health/Employee Benefits News

Life Insurance News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
  • Trust, technology and the future of claims
  • New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
  • AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet