U.S. Rep. Mario Diaz-Balart says repealing Obamacare will help the economy - 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 5, 2017 Newswires
Share
Share
Post
Email

U.S. Rep. Mario Diaz-Balart says repealing Obamacare will help the economy

Naples Daily News (FL)

Jan. 05--Editor's note: This story has been updated to clarify that Rep. Diaz-Balart also represents Hendry County.

WASHINGTON -- Floridians who have health insurance under the Affordable Care Act should not lose their coverage until Republicans develop a replacement program, Rep. Mario Diaz-Balart said Wednesday.

"It is crucial that by the time the repeal takes place that we have the replacement already in law," Diaz-Balart said.

The GOP push to repeal President Barack Obama's health care law will happen quickly, although Diaz-Balart said the legislation is expected to make the repeal effective at some date in the future.

"There's a couple reasons why we need to do Obamacare immediately. One of them is because we need to get this economy going, and that is one of the major obstacles," said Diaz-Balart, a Republican who represents east Collier County, Hendry County and parts of Miami, and who serves on the House appropriations and budget committees.

Tax reform would be a "big part of getting the economy going," he said, and to carry out this reform, Congress would have to address the health care law first.

"Here's the issue. Let's assume that right now, in tax reform, I want to cut taxes by $100 million and I'm going to get rid of deductions for $100 million, so it doesn't cost us anything, right?" Diaz-Balart said. "The problem is that Obamacare has a bunch of these different tax things, and if Obamacare is still there ... the numbers are totally skewed."

Dismantling the health care law without a replacement could come at considerable financial cost.

The nonpartisan Congressional Budget Office projected in 2015 that federal deficits over the next decade could increase by as much as $353 billion over the next decade if the Affordable Care Act was completely repealed because the revenue the law generates in Medicare cuts and tax increases is more than the money it spends to expand health coverage. The Committee for a Responsible Federal Budget issued a similar analysis Wednesday.

On Wednesday the Senate began the process of repealing the health care law with Republican Sen. Marco Rubio voting to move forward and Democratic Sen. Bill Nelson voting against it.

Republicans are using a procedure to repeal the law that only requires a majority vote, or 51 votes in the Senate and 218 in the House. Republicans hold 52 seats in the Senate and 241 in the House.

Republicans will need a super majority to approve a replacement plan, which would require Democratic support.

"It's going to require Democrats to also want to take care of the folks that we're dealing with, and we're optimistic that we'll get bipartisan support for the replacement of Obamacare," Diaz-Balart said.

Diaz-Balart said he wants to replace the law with a more cost-effective program that still serves the uninsured.

Keith Arnold, a Tallahassee-based health care lobbyist, said repealing the Affordable Care Act would hurt over a million Floridians if it's not replaced.

"In Florida about a million-and-a-half people have coverage through the exchange, if not more. The repeal of the ACA would have a substantial impact on Floridians, the quality of health care they receive, and the affordability of that health care," Arnold, a Republican, said.

In addition, Arnold said, he was skeptical Congress would come up with an alternative.

"It can't be too surprising to any of us that the mantra of repeal and replace has been reduced to repeal only with no replacement alternative. Not surprisingly, finding an alternative to the ACA is much easier said than done if our objective is to provide health care coverage to the 50 million Americans who went without health care before the ACA," Arnold said.

In the same vein, Mike Ellis, CEO of Healthcare Network of Southwest Florida, which is a private not-for-profit primary care practice based in Collier County that sees people regardless of their ability to pay, said he was also skeptical Republicans would replace the health care law.

"Once they repeal it, every special interest group will begin to jump on this, and I have my doubts they'll be able to replace it with anything," Ellis said.

USA TODAY reporter Ledyard King contributed to this report.

___

(c)2017 the Naples Daily News (Naples, Fla.)

Visit the Naples Daily News (Naples, Fla.) at www.naplesnews.com

Distributed by Tribune Content Agency, LLC.

Older

J.C. Penney Employees Win $4.5M Settlement For 401(k) Losses

Newer

Insurers Spending Less On Opioids

Advisor News

  • Retirement is increasingly defined by a secure income stream
  • Addressing the ‘menopause tax:’ A guide for advisors with female clients
  • Alternative investments in 401(k)s: What advisors must know
  • The modern advisor: Merging income, insurance, and investments
  • Financial shocks, caregiving gaps and inflation pressures persist
More Advisor News

Annuity News

  • Ameritas settles with Navy vet in lawsuit over disputed annuity sale
  • NAIC annuity guidance updates divide insurance and advisory groups
  • Retirement is increasingly defined by a secure income stream
  • Beyond the S&P 500: The case for RILA diversification
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
More Annuity News

Health/Employee Benefits News

  • CMS announces moratorium on new Medicare hospice/home health enrollment
  • EXPANDING MEDICAID COVERAGE LOWERED DEATH RATES FOR YOUNG ADULTS WITH KIDNEY FAILURE
  • Insurance won’t cover Ozempic? WA court sparks discrimination debate
  • Illinois Quick Hits: Gas tops $5 a gallon
  • Humana Invests More Than $1 Million to Advance Health Outcomes Across Louisiana
More Health/Employee Benefits News

Life Insurance News

  • New Empathy and LIMRA Research: The Overlooked Opportunity to Engage the Next Generation After an Insurance Payout
  • Symetra Names Jeff Sealey Vice President, Stop Loss Captives
  • 3 ways AI can help close the gap for women’s insurance coverage
  • Best’s Market Segment Report: AM Best Revises Outlook on Italy’s Life Insurance Segment to Stable From Negative
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
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

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