Wednesday, August 31, 2016

McConnell: Changes coming to ObamaCare next year

The Hill reports:
Senate Majority Leader Mitch McConnell (R-Ky.) is predicting major changes to ObamaCare even if Democrats keep the White House next year.

Pointing to rising costs and shaky insurance markets, McConnell said the next president will have to work with Congress to keep the situation from worsening, though he did not specifically say it would be repealed.

“It will be revisited by the next president, whoever that is,” McConnell said at an event Monday with the Kentucky Chamber of Commerce. “No matter who wins the election, no matter who’s in control of Congress.”

The Kentucky Republican, who has long opposed President Obama’s signature healthcare law, did not specifically say Congress should try to repeal the law next year.

Instead, he pointed to rising premiums, copayments and deductibles across the country, as well as “chaos in the private health insurance market.” This year, major insurers including UnitedHealthCare and Aetna have decided to pull back from the ObamaCare marketplace, citing larger-than-expected financial losses.
Change is coming to socialized medicine.