Plagued by Widespread Inefficiencies, State Health Exchanges Show True Colors
Congressman Chris Collins (NY-27) today released the following statement after questioning various state health care exchange officials during an Energy and Commerce subcommittee hearing for the Oversight and Investigations Subcommittee.
“The rosy fantasies of success initially purported by Obamacare’s state exchanges are now failing under the harsh realities of the marketplace,” said Congressman Collins. “The unfortunate result is that thousands of Western New Yorkers and other Americans are being kicked off their current health care plans due to inadequate oversight of the exchanges and overpromised benefits. I wish I could say I was surprised by this development, but this is just another day for the American people under the failed policy of Obamacare.”
Congressman Collins’ statements came in the wake of reports that more than 12,000 Western New Yorkers would lose their health care coverage with provider Health Republic. The health care provider was ordered to cease writing new policies after officials decided the company would not be able to stay financially solvent. Health Republic was one of the many health care providers who received significant government assistance to provide increased competition and choice for consumers.
Full details of the hearing can be found here.