Republican Frustration as Insurers Don’t Deliver Desired Results
Posted at 8:06 a.m. on May 8, 2014
New York Times: “House Republicans summoned a half-dozen health insurance executives to a hearing Wednesday envisioned as another forum for criticism of the Affordable Care Act. But insurers refused to go along with the plan, and surprised Republican critics of the law by undercutting some of their arguments against it.”
“Insurers, appearing before a panel of the Energy and Commerce Committee, testified that the law had not led to a government takeover of their industry, as some Republicans had predicted. Indeed, several insurers said their stock prices had increased in the last few years.”
Four of the five insurance companies said more than 80% of their new customers have paid their initial premiums.
In response, Rep. Michael Burgess (R-Tex) “complained that no one at the witness table ‘wanted to be forthcoming.’”
The Hill: “Later in the hearing, Republicans resorted to classic jabs against the healthcare law, noting that President Obama’s promise to save families $2,500 on their premiums has not come true.”
But: “The discussion was not always favorable to the healthcare law, as it touched on health plan cancellations, the potential for premium increases in 2015 and problems that still plague the back end of HealthCare.gov.”