Summary: This morning at his weekly press conference, Speaker Ryan discussed the House’s plans to introduce legislation to repeal and replace Obamacare following the President’s Day work period.
Key Quote: “Here is what is important for us all to understand: Obamacare is not simply stuck in some kind of status quo. It is getting worse by the day, and it will keep getting worse unless we act.”
“After the House returns following President’s Day, we intend to introduce legislation to repeal and replace Obamacare.
“It has become increasingly clear that this law is collapsing. People’s premiums are getting higher and higher. Their deductibles are soaring. And their choices are dwindling to the point that so many families have no choice left at all.
“But if it was not already clear, look at the events that happened this week. On Tuesday, another major insurance company announced that it, too, will leave the marketplace. In its decision, Humana cited a lack of young people signing up—a problem that has dogged Obamacare for years now. In many areas, Humana is the only carrier left, so this will mean even more instability.
“And then on Wednesday, the CEO of Aetna—another large insurance carrier—said that Obamacare is in a ‘death spiral.’ His words.
“Here is what is important for us all to understand: Obamacare is not simply stuck in some kind of status quo. It is getting worse by the day, and it will keep getting worse unless we act.
“We need to rescue people from this collapsing law, and we need to replace it with a true patient-centered system. One that gives every American access to quality, affordable coverage.
“That means more choices and lower costs. It means real protections and peace of mind. And it means returning your care to your control. Patients and doctors should be making the big decisions—not government bureaucrats.
“Step by step, this is what our plan to repeal and replace Obamacare will do. We look forward to making progress in the coming weeks and keeping our promise to the American people.”