WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, delivered remarks on the House floor regarding H.R. 6703, the Lower Health Care Premiums for All Americans Act, legislation that establishes new rules for association health plans, modifies requirements for individual and group health coverage, requires contracts between plan sponsors and PBMs to meet certain standards, and appropriates funding for reductions in cost sharing.

Chairman Guthrie’s remarks on H.R. 6703, the Lower Health Care Premiums for All Americans Act, as prepared for delivery:

“I rise today in strong support of H.R. 6703, the Lower Health Care Premiums for All Americans Act.

“When the Democrats passed Obamacare over a decade ago, they sold the bill on the promise that it would lower health care costs and preserve plan options.

“‘If you like your plan, you can keep it. If you like your doctor, you can keep them.’

“These famous last words still haunt us.

“Today, we know that Obamacare has not lived up to Democrats’ lofty promises; instead, the consequences of that bill continue to burden American patients as they have since its enactment.

“Health care spending has nearly doubled since Obamacare passed. Health plan options have been decimated by Democratic overreach, and millions of Americans are saddled with medical debt across the country.

“Obamacare premiums are up 80 percent since the program’s inception, with patients paying on average $5,000 out of their own pocket to hit their deductible, and the average out of pocket spending maximum for one year is over $20,000!

“Without a doubt, Obamacare has proven to be unaffordable and unsustainable.

“In an attempt to respond to the affordability crisis created by Obamacare, Democrats leveraged a public health emergency to shovel hundreds of billions of dollars to big health insurance plans to mask the rising unaffordability of coverage.

“First in the American Rescue plan of 2021, and then again in the Inflation Reduction Act of 2023, Democrats sent temporary taxpayer funded ‘enhanced’ premium tax credits directly to the coffers of big health insurance plans.

“They did this without a single Republican vote of support.

“On both occasions, Democrats chose to make these COVID Credits temporary. They could have made them permanent, but they chose instead to focus on advancing priorities for wealthy Americans to buy subsidized EVs and for politically connected cronies to siphon federal dollars out of the Greenhouse Gas Reduction slush Fund.

“Now, Democrats are uniting behind a policy to send billions more taxpayer dollars to big health insurance plans.

“With the Democrats’ temporary COVID Credits set to expire at the end of the year, they are attempting to turn their policy failures into political gains—using the American people as collateral.

“It is worth reiterating – Democrats funded temporary band aids to cover up unaffordable care, they set the expiration dates, and they chose to fund liberal priorities instead of making them permanent.

“While Democrats continue to fearmonger, I wanted to shed light on what Republicans are doing to fix the Democrats’ affordability crisis, with policies that deliver real, lasting relief to the American people.

“This includes:

• Eliminating health plan gimmicks like silver loading, which will lower ACA premiums by 11 percent;
• Increasing transparency for pharmacy benefit manager middlemen and lowering drug costs for all Americans; and
• Increasing affordable plan choices and putting patients back in the driver’s seat for their own health care choices by instituting Association Health Plans, CHOICE Arrangements, and stop-loss insurance.

“This proposal results in more than double the premium reduction than the Democrats’ extension of the enhanced COVID subsidies. The Congressional Budget Office estimates the Republican plan before us will lower premiums by 11 percent, compared to just 5 percent from continuing the Democrats’ subsidies.

“These policies will also lower health care costs for all Americans, not just the roughly-seven percent of Americans enrolled in Obamacare.

“And many of these policies are bipartisan! Ending silver loading, addressing nefarious PBM practices, and strengthening the employer insurance marketplace have all garnered broad bipartisan support.

“I hope we can overlook the politics that are clouding the issue, come together to pass this bill, and continue work together into 2026 to deliver more affordable health care to all Americans.”

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