[inaudible conversations] please come to order. We are holding the first hearing on stabilizing premiums and ensuring access to the individuals Health Insurance market for 2018. How to help the 18 million americans and the individual Insurance Market to give an idea of how many people are interested in this, we invited senators who were not on our committee, which has about a quarter of the senate on the committee. To come to. Weve got senators there so that is remarkable interest. We will each have an Opening Statement and then introduced the five witnesses. After the testimony, senators will have an opportunity to ask witnessewitnesses questions andl do it in five minute rounds. This committee includes 23 United States senator nearly one quarter of the members of the senate and that includes senators with the widest divergence of views and has a republican majority of only one. Working together the last two years, weve been able to agree on big steps, big issues about which we have b
This hearing is about taking one small step. A small step on the big issue that has been locked for seven years, Health Insurance. It is a step Congress Needs to pick by the end of this month. By the end of this month. To the 18 million americans, songwriters and selfemployed farmers, those that dont get their Health Insurance from the government or onthejob committees 18 million by their Health Insurance in the individual market and about half of them have zero Government Support to help buy that insurance. 18 million is only 6 of those who have Health Insurance in america. So thats the individual market. Nearly 300 million have Health Insurance, e. 18 million have the individual market that is 6 of all of the insured and 9 million of the 18 million have no government help to buy their insurance and are the ones hurt by higher premiums and copayments and deductibles. A 35yearold making 48,000 a year in lynchburg would receive no tax benefit to cover her 7,100 a year premiums. 7,100dol
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