Speaker Ryan on Fox News: Our Proposal Will Lower Premiums | Speaker.gov

Summary: Today, Speaker Ryan appeared on Fox News’s Special Report with Bret Baier to discuss the CBO’s score of the American Health Care Act.

Our bill will lower premiums.
“What I’m encouraged [by] is, once our reforms kick in, what the CBO is telling us is, it’s going to lower premiums—it will lower premiums 10 percent. It stabilizes the market. It’s a $1.2 trillion spending cut, an $883 billion tax cut, and $337 billion in deficit reduction. So of course the CBO is going to say if you’re not going to force people to buy something they don’t want to buy, they won’t buy it. But at the same time, they’re saying our reforms will kick in and lower premiums and make health care therefore more accessible.”

It’s part of a three-pronged approach.
“This is just part one of a three part plan, and that’s why I’m excited. Just this they say lowers premiums, stabilizes the market, gives people more choice and freedom. Part two is Tom Price at HHS brings more choice and competition, lets the states open up markets, which will lower prices even more. And part three are the other bills that we will be passing—interstate shopping across state lines, association health care plans to let people bulk buy insurance nationwide, medical liability reform. Those will drop premiums even further, and make health care even more accessible than CBO is in an encouraging way saying.”

And it will deliver relief from the status quo.
“Don't forget one thing here. Obamacare is in the middle of a collapse. Only five states have one insurer left. Over 1,000 counties in America have only one insurer left. Humana just announced that they are pulling out. That means zero plans in 2018 for those people. By the way, we just got a letter from Anthem, one of the biggest insurers, that are telling us if the status quo stays, they are going to surgically pull out of markets as well. So put this against the backdrop that Obamacare is collapsing. The insurers are telling us premium increases this year, 25% on average, will be even higher next year. This compared to the status quo is far better.”