Healthcare

Dear Neighbor:

I am hearing from many constituents who have received notices that their healthcare premiums are skyrocketing, or their plans are being dropped either by their employers or their insurers, or that they are having hours cut back, salaries reduced or positions eliminated at work as employers try to cope with these increased costs.

I need to know how this law is affecting you.  I invite you to share your experience with me so that I can get a clearer picture of how this program is unfolding and so that I can share your experiences with my colleagues.  

HR 1628 – American Health Care Act: YES.  Obamacare is collapsing.  Last year’s average premium increase of 25 percent is expected to balloon by another 40 percent this year.  Last year there was only one provider in a third of American counties; this year entire regions will be without ANY providers.  This week we learned Obamacare policies will NOT be available at any price in almost all of Iowa.  Last year, more Americans opted to pay the steep tax penalty or request hardship exclusions than chose to purchase Obamacare plans they didn’t want and couldn’t afford.

H.R. 1304  – Self Insurance Protection Act: YES.  Some employers set up their own employee health care fund, and will often buy stop-loss insurance that picks up costs above a certain amount, thus protecting the employer from catastrophic losses and assuring employees’ expenses are covered.  Some states are attempting to regulate these stop loss agreements as health insurance, driving them out of the market.  This bill makes clear that these contracts are financial instruments and not to be regulated as if they were end-user health insurance.