WASHINGTON, DC – Senator Dan Coats (R-Ind.), the chairman of the Joint Economic Committee, today spoke on the Senate floor about the broken promises of the Obamacare law. Coats described how insurance premiums for policies on the Obamacare Marketplace in Indiana have gone up by an average of 14.4 percent per year since Obamacare was implemented, a total increase of 71.5 percent, based on proposed rate filings for 2017. This equates to a nearly $200 increase each month in the average cost of health care premiums for Hoosiers.
“You may recall that President Obama promised that annual health care costs would be cut by $2,500 per family if Obamacare was enacted,” said Coats. “Rather than making health care more affordable and accessible, Obamacare has actually driven up health care costs and decreased choice of doctors for too many American families and businesses. Despite the president’s promises, many Americans are experiencing higher premiums or paying outrageous deductibles when they purchase coverage through the Obamacare exchange.”
Coats noted UnitedHealth Group’s recent announcement that it will stop selling individual Obamacare plans in Indiana and the growing number of doctors and hospitals who are no longer accepting patients covered by Obamacare insurance plans.
“So much for President Obama’s promise that ‘if you like your doctor, you can keep your doctor,’” said Coats. “Decreased access to providers is just one of the many problems with Obamacare. It is long past time for repeal of the president’s disastrous health care law. We need to replace it with more effective, patient-centered solutions.”
To watch the speech, click here.