Sen. Rand Paul says GOP’s Obamacare repeal plan could ‘lead to higher premiums’

Sen. Ron Johnson, R-Wis., said on “Fox News Sunday” that House Republicans’ plan to repeal the Affordable Care Act could “lead to more expensive premiums.”“The problem with it is, you have to pay for your insurance, and that means you’re going to have to subsidize the cost of your care, and you’re not going to…

Published by admin inAugust 18, 2021
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Sen. Ron Johnson, R-Wis., said on “Fox News Sunday” that House Republicans’ plan to repeal the Affordable Care Act could “lead to more expensive premiums.”

“The problem with it is, you have to pay for your insurance, and that means you’re going to have to subsidize the cost of your care, and you’re not going to be able to keep that cost down if you don’t make the best use of the subsidies that you have available,” he said.

“And that means people will end up paying higher premiums.”

Johnson added that the bill would also lead to more costs for consumers in states that expanded Medicaid under the law.

“The people that you’re talking about, you’re really not talking about the poor people,” he noted.

“You’re talking to people that are living in the middle of poverty.

It doesn’t mean that they’re not getting subsidies.

They’re not.

It means that they will have higher premiums if you do the best job with the subsidy that you are getting.”

Johnson’s comments come after a New York Times report on Tuesday that President Donald Trump plans to sign the bill.

The bill would repeal Obamacare’s expansion of Medicaid to all Americans, but the administration has said it won’t be able go into effect until 2020, a year after the bill becomes law.

Johnson, however, said the Republican bill could lead to higher costs.

“It will increase premiums in certain states,” he told “Fox and Friends.”

“I think it will lead to, you know, lower insurance premiums.

And that’s a big problem.”

Johnson also noted that the Republican plan would leave a $1 trillion hole in the budget, and said that Republicans would try to fill that hole by using revenue from repealing Obamacare’s tax credits.

“The Republicans are talking about raising $1.3 trillion to get out of the hole that they create for themselves,” he explained.

“It’s going to cost more than they have.

They’ll have to increase taxes.

They will have to raise taxes.

It’s going be expensive, and it’s going, you can see it right now.”

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