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Lawmaker tells House Budget panel plan would cut premiums 11% and save $37 billion
Summary
A lawmaker told the House Committee on the Budget that a proposal would cut premiums by 11% and save about $37 billion by "making the Affordable Care Act work better," said Democrats opposed it, and criticized prior $0-premium policies as producing fraud.
A lawmaker told the House Committee on the Budget that a proposal would lower health insurance premiums by 11% and save $37,000,000,000 by "actually making the Affordable Care Act work better," and said "every Democrat voted against that." The speaker framed the measure as putting dollars back into families' pockets through working families tax cuts and giving households greater autonomy over spending.
The lawmaker criticized a recent targeted approach of enhanced subsidies, saying it had "failed over the last 4 years," and asserted that $0 premiums had "enacted a ton of fraud." The remarks concluded with the lawmaker yielding back the floor. The transcript does not identify the speaker by name or give details about the specific bill or amendment referenced; those particulars were not specified in the record.
