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
We are holding our first hearing on stabilizing premiums and ensuring access to into intervals Health Insurance market for 2018. We have five state Insurance Commissioners. Thank you for coming from long distances to be with us to give your testimony on how to help the 18 million americans in individual Insurance Market. Manyve an idea of how people are interested in this, we invited senators who were not on our committee, which is about a quarter of the senate on this committee to come to a coffee with commissioners that we have completed for an hour and 31 senators were there. That is a remarkable level of we will have an Opening Statement and we will introduce the five witnesses. Ask questionskend in fiveminute rounds. This committee includes 23 United States senators. It includes senators with the whitest diversions of abuse. It has a republican majority of only one. Working together during the last two years, we have been able to agree on big steps, big issues, about which we have
One small step. The small step on a big issue, which has been locked in partisan stalemate for seven years. It is a step Congress Needs to take by the end of this month. Big to 18not so million americans. Get healthont insurance from the government are on the job, they buy them from that is the individual market. Nearly 300 million americans have Health Insurance. From a market. Buy it from a market. 9 million of those 18 million have no government help. Theyre the ones most hurts. Most hurt. Let us take someone in tennessee. Would receive no tax benefit to cover his 71 hundred dollars per year premiums. This does not include detectables or copays. Next year, the Tennessee Department of insurances premiums will go up as an increase between 1500 and 3000 and in premiums next year that doesnt include increases in deductibles and copays. She will have to pay a fit of your income on Health Insurance fifth of her a income on Health Insurance. At the end of september, blue our largest insure
Bill cassidy of louisiana and bill graham. What is in this measure . This is the last ditch effort therying to repeal Affordable Care act. What it will do is change the existing system of the Affordable Care act into a block grant. Ttates would get a se amount of money. They would take those dollars and implement either a plane similar to the Affordable Care act, they could go singlepayer or a conservative route and undo some of the parts of the Affordable Care act. Particularly the Consumer Protection some folks like. These are the preexisting conditions, things like that. Governors would be able to undo those things and have this pot of money to implement their own system. We will take a look at some of the details offered up i senator graham on the senate floor. Medicaidraham we keep in place. We try to get more flexibility because indiana is a good example of what can happen if you give states flexibility. One thing i dont like, you can run to the emergency room and we pay a big bi
Story talks about the measure being offered by bill cassidy of louisiana, and also Lindsey Graham of South Carolina. What is in this measure . Lastis is the republicans ditch effort at trying to reveal the Affordable Care act. Is change thed do existing system of both the Affordable Care act and medicaid, and change it. It would get a set amount of money to do whatever they wanted in their Health Care System. They would implement those planet like the Affordable Care act, or single care, are more liberal, or they can go a conservative route and undo some of the Affordable Care act. Thatonsumer protections some folks like, particularly. Governors would be able to undo those things and have this pot of money to implement their own Health Care System. We will take you look at some of the details offered up by him , we will come back to our discussion. We keep medicaid in place, as it is today. We try to give more flexibility, indiana was a good example of what could happen. One thing abou