Rep. Pallone Highlights the Dangers of Repealing the ACA At O&I Medicaid Hearing - 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
February 1, 2017 Newswires
Share
Share
Post
Email

Rep. Pallone Highlights the Dangers of Repealing the ACA At O&I Medicaid Hearing

Targeted News Service (Press Releases)

WASHINGTON, Jan. 31 -- Rep. Frank Pallone Jr., D-N.J., ranking Democratic member of the House Energy and Commerce Committee, issued the following news release:

Energy and Commerce Ranking Member Frank Pallone, Jr. (D-NJ) described the pending chaos for health care at today's Subcommittee on Oversight and Investigations hearing titled, "Medicaid Oversight: Existing Problems and Ways to Strengthen the Program":

"For seven years now, Congressional Republicans have railed against the Affordable Care Act with a steady drumbeat of repeal and replace. For seven years, they have sabotaged implementation of the law. And here we are today: Republicans are misleading the public with falsehoods that the law is failing. That could not be further from the truth.

"The truth is - after seven years of claiming they could do it better - they have no plan to replace the Affordable Care Act.

"This Subcommittee should be evaluating the impact that repeal would have on the American people and the national health care system. But instead Republicans are holding yet another hearing to highlight their ongoing opposition to the law's Medicaid expansion, despite clear evidence that the expansion has made health care affordable and available for the first time to 12 million people nationwide.

"Tomorrow and Thursday, the Committee is holding hearings on what Republicans consider to be "the first pieces of the GOP health care replacement plan."

"The fact is that none of these bills will prevent 30 million Americans from losing their health care coverage. None of them will reduce the chaos in the health care system that will inevitably result if Republicans successfully repeal the Affordable Care Act.

"The fact is Republicans are already creating uncertainty and instability in the individual market. This instability will ultimately result in reduced consumer choice, higher premiums, and will endanger the health and welfare of millions of Americans. In other words, the Republican-made chaos has already begun.

"Congressional Republicans continue to ask the American people to trust them--that they have a plan, and that somehow everything will be ok. They have repeatedly assured the American public that no one will lose coverage with a Republican replacement plan, a claim that President Trump and his advisors also continue to make.

"But recently released audio of a closed-door meeting from their Republican Retreat last week confirms they simply have no plan.

"At the meeting, Republicans admitted that repealing the Affordable Care Act could eviscerate coverage for the roughly 20 million Americans now covered through state and federal marketplaces, as well as those covered under the Medicaid expansion.

"In fact, one Republican member warned, and I quote: "We'd better be sure that we're prepared to live with the market we've created" with repeal.

"My Republican colleagues are also trying to claim that the Affordable Care Act is already collapsing under its own weight, and that their replacement plan will quote "rescue the American people from Obamacare." Republicans are so scared to own the chaos they are causing that they are trying to pretend that the law is imploding on its own, which could not be further from the truth.

"Americans today have better health coverage and health care thanks to the Affordable Care Act. The law's Medicaid Expansion has helped improve the quality, accessibility and affordability of health care for millions of Americans.

"Congressional Republicans and this Administration will stop at nothing to sabotage the Affordable Care Act, despite having no plans to replace it.

"My colleagues would be wise to consider the impact that their actions will have on the millions of Americans who are currently benefiting from the Affordable Care Act. If my Republican colleagues finally took their ideological blinders off, they would realize that the Affordable Care Act should not be repealed.

"I yield back."

30FurigayJof-5761807 30FurigayJof

Older

Sen. Wyden Pushes to Block Fast-Track Cuts to Medicare

Newer

Many RIA Acquirers Took 2016 Off, After An Active 2015

Advisor News

  • Global economy ‘resilient’ in the wake of massive disruption
  • Cryptocurrency legislation takes one step forward with bipartisan support
  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
More Advisor News

Annuity News

  • MetLife Expands Guaranteed Retirement Income Offering with Innovative Flexible Annuity Option
  • How annuities can help protect retirees from financial scams
  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
More Annuity News

Health/Employee Benefits News

  • UPDATED: Hecklers disrupt Hinson rally as Iowa U.S. Senate candidate touts stock trading ban
  • Hecklers disrupt Hinson rally ahead of Tuesday primary
  • In Case You Missed It: Hecklers disrupt Hinson rally
  • National Association for Veterans Rights Raises Questions About Federal Court Ruling Impacting Veteran Claims Assistance
  • From Network Automation to Agentic NetOps: NetBrain Sets the Standard for Deploying AI in Network Operations
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Halyk-Life, JSC
  • AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
  • AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company
  • Nationwide reaches reinsurance agreement with MassMutual on UL policy block
  • Best’s Market Segment Report: AM Best Maintains Outlook on Philippines’ Non-Life Insurance Segment at Stable
More Life Insurance News

- Presented By -

NEWS INSIDE

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

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
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