Paul Ryan said today that he completely agrees with Trump stopping the Obamacare subsidies or bailouts to the insurance companies:
JOURNAL SENTINEL – U.S. House Speaker Paul Ryan signaled Monday he does not want to restore Obamacare subsidies that President Donald Trump is cutting.
Instead, Ryan said, Congress should take a more comprehensive approach and repeal and replace the Affordable Care Act — something the U.S. Senate has failed to do despite multiple attempts this year.
“I think we’ve got to do more to get it fixed, but the answer is not to shovel more money at a failing program that is doubling premiums and causing monopolies,” the Janesville Republican told reporters. “The answer is to reform the underlying failure of the law and one of those underlying failures is the lack of choice and competition in health insurance.
“Propping up Obamacare and just giving insurance subsidies to insurance carriers to keep a failing system propped up is not the answer.”
Ryan spoke to reporters at the Monona Terrace convention center after addressing the Wisconsin Manufacturers & Commerce Foundation about Congress’ efforts to overhaul the tax code.
While Paul Ryan agrees, he also says Congress should repeal and replace Obamacare to fix it.
Oh is that all? No sweat!
So I am glad to know that Ryan is onboard with Trump with this, meaning that he’s not going to try and push through a subsidy fix that will just keep the problem going. But we’ve all seen how inept Congress has been on repealing Obamacare this year, which gives me little hope that they will do it now, even with the added pressure of rates rising for some because of this move.