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Unidentified committee member calls Affordable Care Act unaffordable, urges passage of Republican cost-cutting bill
Summary
An unidentified speaker told the House Energy and Commerce hearing that the Affordable Care Act has left coverage unaffordable, cited figures on premiums, deductibles and out-of-pocket maximums, and urged adoption of the "Lowering Health Care Costs for All Americans Act," which he said would hold pharmacy benefit managers accountable and fund cost-sharing reductions.
An unidentified committee member told the House Energy and Commerce hearing that the Affordable Care Act has become unaffordable for many Americans and urged lawmakers to adopt the Republican "Lowering Health Care Costs for All Americans Act." The speaker said the bill would hold pharmacy benefit managers accountable and appropriate funds for cost-sharing reductions (CSRs).
The speaker framed the problem in stark terms, saying ‘‘Without a doubt, Obamacare has proven to be unaffordable,’’ and claimed that marketplace premiums have increased about 80%, average…
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