Mr. Hatch mr. President. The presiding officer the president pro tempore. Mr. Hatch mr. President , the final pieces of obamacare care were signed into law a little over seven years ago. Since that time republicans not just in congress, but throughout the country have been united in their opposition to the law and our commitment to repeal it. This hasnt been simply a political or partisan endeavor. Were not just trying to take a notch out of president obamas win column. The simple truth is that obamacare is not working. The law was poorly written and the system it created was poorly designed. Even a number of obamacare supporters have come to acknowledge that it hasnt been working the way it was promised to work. As a result, millions of americans have suffered astronomical increases in their Health Insurance premiums, and fewer and fewer Insurance Options to choose from. That is obamacares great irony. The law requires people to buy Health Insurance while also making it impossible to
Thank you, mr. President. I yield the floor. Mr. Prince president , the majority leader says he will move forward this week with about on a straight repeal of the Affordable Care act in its entirety. I dont believe that a majority of senators are willing to support a reckless leap in the dark but that both would mean. Its a vote that would end protections for people with preexisting conditions and would take Health Coverage away from tens of millions of americans, tens of thousands in New Hampshire. It would terminate the Medicaid Expansion that has been critical to siding the Opioid Epidemic in my state in so many states across the country. According to the nonpartisan Congressional Budget Office, a straight repeal of the Affordable Care act would result in more than 32 Million People losing their Insurance Coverage by 2026. Premiums would roughly double in the individual marketplaces. I urge my republican friends not to go forward with this misguided approach. The idea that they can
Political or partisan endeavor. Were not just trying to take a notch out of president obamas win column. The simple truth is that obamacare is not working. The law was poorly written and the system it created was poorly designed. Even a number of obamacare supporters have come to acknowledge that it hasnt been working the way it was promised to work. As a result, millions of americans have suffered astronomical increases in their Health Insurance premiums, and fewer and fewer Insurance Options to choose from. That is obamacares great irony. The law requires people to buy Health Insurance while also making it impossible to do so. For . Efn and a half years for seven and a half years republicans fought to expose the failures of obamacare and have pledged time and time again to repeal it. Every single republican member of the senate has expressed support for repealing obamacare. Most of us have made promises to our constituents to do just that, and those promises coupled with the obvious
Of americans who have been let dow down, not to mention deceived by the promises of obamacare, and its absolutely critical that we fulfill our commitments. This is not just about moving past the failures of obamacare but also laying the groundwork for providing americans access to better care. Weve said all along that we have four principles. One is to help stabilize the Insurance Market so People Living in iowa, for example, would make sure they have a place they can buy Health Insurance. Its about getting premiums lower, by eliminating mandates and making it possible for people to choose alternatives that happen to suit their needs at a price they can afford. Third, we said we are going to continue to do everything in our power to protect people with preexisting conditions so they are not afraid about changing jobs and being excluded from the new employers Insurance Coverage because of something that was we protect people against the preexisting conditions exclusion. Ke fourth, what
To put business back in the spotlight and return to key issues involving immigration, health care and taxes. Speaking of those tax cuts, our nations leaders are speaking out today trying to push the president s economic agenda forward. Cheryl a lot to talk about during the next hour. First back to the markets. The dow ending the day near session highs but worries over north korea and the president s progrowth agenda still weighing on investors mind. Nicole petallides on floor of new york stock exchange. Nicole . Good afternoon, guys. The dow finishes higher by 28. It gets rid of that losing streak for the last couple days. Some movers we want to look at, sempra energy, finished higher. It moved to an alltime high today. This is at fact they are moving forward to buy control of texas power distributor oncor. What is interesting about the nine 1 2 billion dollar deal, buffetts Energy Division wanted to buy oncor for nine billion. It does not get involved in bidding wars. Sempra stepped i