Saturday, June 20, 2015

AZ Rep. Paul Gosar Introduces PRIMR Act to Combat Costly Health Insurance Regulations

WASHINGTON, D.C. - U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) released the following statement after introducing H.R.2819, the Premium Reduction and Insurance Market Reform Act (PRIMR):
“With the verdict of King v. Burwell looming, the healthcare reform conversation has focused on the fate of federal subsidies for insurance premiums initiated by the Affordable Care Act (ACA). However, this puts the focus on the symptoms of our ailing healthcare system and ignores the root cause. It is vitally important that we first address the primary driver of unaffordable premiums under Obamacare – onerous insurance regulations.
“It comes as no surprise to most people that Obamacare has been a disaster. Skyrocketing premiums, a terrible rollout and the constant manipulation of the American people to implement this awful government run healthcare system confirm that fact. My bill will lower premiums for the 21 million Americans that have been negatively impacted by the systematic failures of Obamacare’s federal exchanges.”
“Only full repeal can solve all of Obamacare’s problems, but my legislation will provide an attractive alternative for states and will ensure that future repeal efforts and health care reforms will be built on solid ground.”
The full text of the PRIMR Act can be found HERE
The PRIMR Act delivers real cost savings to the consumer by exempting plans in affected states from the three most burdensome Obamacare insurance regulations: age rating restrictions, benefit mandates and minimum actuarial value requirements. Instead of just focusing on the 5 million people who may potentially lose their federal subsidies because of a Supreme Court ruling, this bill will lower premiums for all 21 million Americans using the federal exchanges.
On average, this targeted action will save young people 44% on insurance premiums, while pre-retirees will still save 7%. In Arizona, these savings translate to more than $1,000 for young-adults and over $400 for those approaching Medicare eligibility.
The PRIMR Act is endorsed by Heritage Action. The estimated savings this Act would bring to residents in the 34 affected states can be found using the info graphic HERE.
The six (6) original cosponsors of this bill are: Marsha Blackburn, Scott DesJarlais, John Fleming, Trent Franks, Jody Hice and Jeff Miller.