Sen. Alexander to Rep. Price: We Will Work to Rescue Americans Trapped in Collapsing Obamacare System, Build Better Systems - 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 19, 2017 Newswires
Share
Share
Post
Email

Sen. Alexander to Rep. Price: We Will Work to Rescue Americans Trapped in Collapsing Obamacare System, Build Better Systems

Targeted News Service (Press Releases)

WASHINGTON, Jan. 18 -- Sen. Lamar Alexander, R-Tenn., chairman of the Senate Health, Education, Labor and Pensions Committee, issued the following news release:

At today's Senate health committee hearing on the nomination of Rep. Tom Price (R-Ga.) to lead the Department of Health and Human Services, Chairman Lamar Alexander (R-Tenn.) said that Obamacare should be repealed and replaced simultaneously and concurrently as President-elect Trump and Speaker Paul Ryan have also suggested.

"To me, 'simultaneously' and 'concurrently' means Obamacare should be finally repealed only when there are concrete, practical reforms in place that give Americans access to truly affordable health care. The American people deserve health care reform that's done in the right way, for the right reasons, in the right amount of time. It's not about developing a quick fix. It's about working toward long-term solutions that work for everyone."

During the hearing, Alexander addressed the collapsing Obamacare exchanges in Tennessee and across the country and detailed his three-part plan to repeal and replace Obamacare simultaneously and concurrently.

"If your local bridge were 'very near collapse,' the first thing you would do is send in a rescue crew to repair it temporarily so no one else is hurt. Then you would build a better bridge, or more accurately, many bridges, to replace the old bridge. Finally, when the new bridges are finished you would close the old bridge.

We will first send in a rescue crew to repair temporarily a collapsing health care market so no one else is hurt. Then, step by step, we will build better systems that give Americans access to truly affordable health care. We will do this by moving health care decisions out of Washington, D.C., and back to states and patients."

Alexander said Dr. Price was an excellent nominee and said he looked forward to working with him on rescuing Americans trapped in the failing Obamacare system and building better systems.

Alexander concluded: "Finally, when our reforms become concrete, practical alternatives, we will repeal the remaining parts of Obamacare in order to repair the damage it has caused Americans. This is what I believe we mean when we say Obamacare should be repealed and replaced, simultaneously and concurrently."

Senator Alexander's prepared remarks are below:

Dr. Price, if confirmed to lead the Department of Health and Human Services (HHS) as its Secretary, you will be running a $1.11 trillion organization.

You will be overseeing Medicare and Medicaid; mental and substance abuse programs, the National Institutes of Health, the Food and Drug Administration, and the implementation of Obamacare.

Dr. Price, I believe you are an excellent nominee to do this job.

You were a practicing orthopedic surgeon for nearly two decades. You were a professor at Emory University School of Medicine, teaching resident doctors in training, and served as Medical Director of the Orthopedic Clinic at Grady Memorial Hospital. In the House, you were chairman of the Budget Committee and a leader in deliberations over the future of our health care system.

Following the presidential election, President-elect Trump said on "60 minutes" that replacement and repeal of Obamacare would be done "simultaneously." To me, that means at the same time.

And then recently Speaker of the House Paul Ryan said that repeal and replacement of Obamacare would be done "concurrently."

And Senator McConnell has said that we need to do this promptly and in manageable pieces.

To me, "simultaneously" and "concurrently" means Obamacare should be finally repealed only when there are concrete, practical reforms in place that give Americans access to truly affordable health care.

The American people deserve health care reform that's done in the right way, for the right reasons, in the right amount of time. It's not about developing a quick fix. It's about working toward long-term solutions that work for everyone.

One way to think about what "simultaneously" and "concurrently" mean is to think about Obamacare in the same way you would think about a collapsing bridge in your hometown, because that is just what is happening with Obamacare.

According to the Tennessee insurance commissioner, the Obamacare insurance market in our state is "very near collapse." Across the country, premiums and co-pays are up and employers have cut jobs to afford Obamacare costs. Medicaid mandates are consuming state budgets. In one third of America's counties citizens with federal subsidies only have a single choice of company to buy insurance from on Obamacare exchanges. Without quick action, next year they may have zero choices. Their subsidies may be worth as much as a bus ticket in a town where no buses run.

If your local bridge in Wyoming or Tennessee were "very near collapse," the first thing you would do is send in a rescue crew to repair it temporarily so no one else is hurt.

Then you would build a better bridge, or more accurately, many bridges, to replace the old bridge. Finally, when the new bridges are finished you would close the old bridge.

That is how we propose to proceed: to rescue those trapped in a failing system, to replace that system with a functional market, or markets--as states develop their own plans for providing access to truly affordable health care--and then repeal Obamacare for good.

First, we will offer a rescue plan so the 11 million Americans who buy individual insurance now on the exchanges can continue to do so while we build a better set of concrete, practical alternatives.

Second, we will build better systems providing Americans with more choices of insurance that costs less. Note I say systems, not one system. If anyone is expecting Senator McConnell to roll a wheelbarrow on to the senate floor with a comprehensive Republican health care plan they're going to be waiting a long time because we don't believe in that. We don't want to replace a failed Obamacare federal system with another failed federal system.

So, we will build better systems providing Americans with more choices of insurance that costs less. We will do this by moving more health care decisions out of Washington and into the hands of states and patients and by reducing harmful taxes. And we will do this carefully, step by step, so that it is effective.

Finally, we will repeal what remains of the law that did all this damage and created all this risk.

30FurigayJof-5749781 30FurigayJof

Older

Sen. Stabenow: Senators Grill HHS Nominee Tom Price on Raising Medicare Eligibility Age

Newer

Costs Keep Employees From Buying Voluntary Benefits

Advisor News

  • Can your advisory firm survive without you?
  • I started using AI, but what now?
  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
More Advisor News

Annuity News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
More Annuity News

Health/Employee Benefits News

  • Researchers from Department of Research and Innovation Report on Findings in Managed Care (Quantifying Medicare prescription payment plan benefits under Medicare Part D): Managed Care
  • New Managed Care Study Results from Brigham and Women’s Hospital and Harvard University Described (Supplemental Rebates From Drug Makers To State Medicaid Programs Grew Fivefold From 2017 To 2024): Managed Care
  • Nebraska SHIP offers support during Medicare open enrollment
  • Patients demand access to prescription drugs but need support
  • Oscar Health Inc. (NYSE: OSCR) Makes an Unexpected Move During Monday’s Session
More Health/Employee Benefits News

Life Insurance News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • Virginia orders Atlantic Coast Life to halt new business Nov. 1
  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
  • 777 Partners founder pleads guilty to $500 million fraud scheme
Sponsor
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

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
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.