Washington, D.C.— Senator Tom Cotton (R-Arkansas) today released the following statement after the Obama administration announced that premiums for Obamacare will increase by twenty-five percent next year:
“Yesterday [October 24,2016], the administration confirmed another Obamacare broken promise. Despite the President’s claims that Obamacare would lower the cost of premiums, Americans will pay on average 25 percent more than last year. In some states, consumers are seeing increases of up to 100 percent. Regrettably, the problems don’t end there. Americans are also facing higher deductibles, shrinking networks, and fewer options as insurers flee the exchanges.
“Obamacare is in a death spiral and we must take action before things get worse. That’s why I’ve introduced the Obamacare Tax Relief and Consumer Choice Act with the support of 19 of my colleagues in the senate. This bill would protect Americans from the Obamacare mandate tax when health insurance premiums rise and provide relief to people who can’t afford Obamacare deductibles. The best solution is to fully repeal and replace Obamacare. As we work toward that goal, we must provide Arkansans and all Americans a reprieve from the law’s worst effects and pass this bill when Congress returns in November.”