06-20-2017, 11:09 PM
Quote:House Speaker Paul Ryan apparently did not update his Obamacare factoids, in his opening statement Tuesday.Paul Ryan needs to update his Obamacare facts as Medica opts to state in Iowa
Speaking at the National Association of Manufacturers summit, Ryan incorrectly said that Iowa would have counties next year that would lack an insurance provider on the Obamacare exchange. For some time this spring, it appeared that would be the case.
At that time, Minneapolis-based Medica signaled it might leave the Iowa exchange, which would have left nearly all counties in the state — and nearly 70,000 residents — without an insurance provider. However, Medica told CNBC last Friday it is staying in Iowa and all of the other states in which it is currently operating.
But that decision is coming at a cost. On Monday, Medica filed for a 43 percent rate increase in Iowa, citing the uncertainty in the market. John Naylor, CEO of the not-for-profit insurer, said last week that the big problem facing insurers is the uncertainty over cost-sharing reduction subsides and over the Trump administration's commitment to enforce the individual mandate.
So, the only rationale the Republicans have to repeal Obamacare and replace it with something that is much worse is that they are arguing Obamacare is failing. To a considerable degree, they are the cause of that.

