Rx for Health Care Reform: Bipartisanship - 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
July 25, 2017 Newswires
Share
Share
Post
Email

Rx for Health Care Reform: Bipartisanship

Congressional Documents & Publications

U.S. Senator Bob Menendez penned the following op-ed in yesterday's Sunday edition of The Record:

In 2003, when President George Bush and the Republican Congress passed the Medicare Part D prescription drug program, I voted against it. Like most Democrats, I couldn't support a plan that left millions of seniors - including my mother who suffered from Alzheimer's - with huge prescription drug bills under what would later become known as the Medicare "donut hole."

But once Part D became law, Democrats didn't fight to repeal it. Not even after the program's disastrous rollout in 2006, when seniors were literally turned away from pharmacies nationwide. Unlike Republicans in Congress, who today remain fixated on destroying the ACA, we didn't try to defund it, or undermine it in the courts, or smear it for political gain. Nor did President Barack Obama try to sabotage it.

Instead, Democrats made improving a Republican-designed prescription drug program a cornerstone of health care reform. When we finally passed the Affordable Care Act (ACA) in 2010, we included measures to close the Part D "donut hole" - reforms that have since saved New Jersey's seniors over $1.3 billion, and more than $26 billion for Medicare beneficiaries nationwide.

For us, the prize wasn't about destroying a program signed into law by a Republican president. It was about ensuring that America's seniors never had to choose between eating and refilling their medications. Indeed, Democrats have always been clear about our motivations. We believe that all Americans deserve health care - no matter where they live, how much money they make, or what medical conditions they may have.

However, it remains unclear what Republicans hope to achieve with their vendetta against Obamacare. For seven years, they attacked the ACA for political gain, pledging to repeal and replace it with something better. But the American people overwhelmingly rejected their cruel plan to lavish the top 1 percent with tax cuts they don't need, paid for by taking health care away from those who need it most.

When their bill was pronounced dead earlier this week, Democrats made clear that our offer for bipartisan cooperation was still alive. Their partisan process failed. We must return to regular order so that committees can do their work, hold public hearings and develop bipartisan solutions to stabilize the private market, lower premiums and reduce costs for everyone.

Unfortunately, Republicans have dug in their heels, rebuffing calls for bipartisanship. If Republican leaders cannot flip enough of their members to support their wildly unpopular plan, this week they will likely vote to repeal the ACA with no replacement at all. This reckless act would strip 32 million Americans of their coverage, double premiums and leave three out of four Americans with just one insurer, according to the Congressional Budget Office.

New Jerseyans would suffer tremendously under an all-out repeal, with nearly 840,000 people losing coverage by 2026. Our state's budget woes would go from bleak to catastrophic, with federal health funding for New Jersey cut by $4.2 billion each year and 86,000 jobs destroyed. And everyone would lose the ACA's protections against insurance company abuses, like imposing lifetime limits on care, or dropping coverage due to pre-existing conditions.

It's time that Republicans drop this destructive repeal effort and pledge to do no harm. No law is perfect - but we don't need to threaten the financial security of millions of families, bankrupt states by gutting Medicaid, or wreak havoc on our health care sector to address the imperfections.

As a member of the Senate Finance Committee, I'm proud to have helped write the ACA. It took nearly a year of hard work and compromise with both Republicans and Democrats to get it done. At the time, I warned that it didn't do enough to guarantee affordability, and that not including a public option would drive up costs for consumers. But even with these concerns, I voted for it because I knew it would make a huge difference in people's lives.

We've made historic progress under the ACA, but Democrats know we still face major challenges that demand bipartisan cooperation. America's health care system is the most innovative in the world; it's also the most expensive, and lags behind on outcomes. Congress must consult with doctors, economists and industry stakeholders to tackle the tough questions. How do we promote innovation while cutting costs? Or better manage chronic diseases that cost billions each year? Or bring transparency to the system, empower consumers and promote competition?

It's time for Republicans to build upon our recent gains, not destroy them. Punishing families with higher costs and less coverage by repealing the ACA or sabotaging it administratively is no solution. Industry leaders have confirmed the Trump administration could help them limit premium increases by working to stabilize the marketplace instead of stoking uncertainty.

Confronted with the harsh reality of governing, Republicans must recognize that their actions have real consequences. Voting to take insurance away from millions of people was easy when President Obama could spare them the consequences of their actions with the stroke of his veto pen.

The time for political games is long over. As the governing party, Republicans are now playing with people's lives - and the economic future of our country. It's time to come together.

Read this original document at: https://www.menendez.senate.gov/news-and-events/press/icymi-rx-for-health-care-reform-bipartisanship

Older

MURPHY, SCHATZ, BOOKER QUESTION FUNDING, LEGALITY OF ADMINISTRATION EFFORTS TO UNDERMINE THE AFFORDABLE CARE ACT

Newer

Statement by National Association of Professional Insurance Agents on Senate Legislation to Reauthorize National Flood Insurance Program

Advisor News

  • Trump targets ‘retirement gap’ with new executive order
  • Younger investors are engaged and advisors must adapt
  • Plugging the hidden budget leaks of retirement
  • Hagens Berman: Retired First Responders Sue Washington State over Rights to $3.3B Pension Funds Threatened by Lawmakers
  • Financially support your adult children without risking your future
More Advisor News

Annuity News

  • A new opportunity for advisors: Younger indexed annuity buyers
  • Most employers support embedding guaranteed lifetime income options into DC Plans
  • InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
  • FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
  • Zinnia’s Zahara policy admin system adds FIA chassis to product library
More Annuity News

Health/Employee Benefits News

  • NC Senate aims to curb Medicaid costs and allow more insight into hospital charges
  • Findings in the Area of Managed Care and Specialty Pharmacy Reported from University of Utah (Socioeconomic, Demographic, and Medication Class Determinants of Medication Adherence: a Retrospective Cohort Study): Drugs and Therapies – Managed Care and Specialty Pharmacy
  • New Public Health Study Findings Have Been Reported by Researchers at Louisiana State University Health Sciences Center School of Public Health (Capacity of Medicaid Providers to Implement and Sustain Evidence-Based Practices for Behavioral …): Health and Medicine – Public Health
  • Rob Sand unveils water quality, public health plan
  • Rob Sand unveils water quality, public health plan
More Health/Employee Benefits News

Life Insurance News

  • Convertible market dynamics and the portfolio implications for insurers
  • Finalists announced for Lincoln's 2026 Best Places to Work
  • Investors Heritage Promotes Anna Reynolds to Senior Vice President and General Counsel
  • AM Best Affirms Credit Ratings of Old Republic International Corporation’s Subsidiaries
  • Government seeks dismissal of Dean Vagnozzi’s lawsuit against SEC
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.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • 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
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
  • RFP #T01325
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