McConnell: Congress must take action to stabilize insurance markets if ACA repeal fails

U.S. Senate Majority Leader Mitch McConnell, R-Ky., said Congress needs to ensure viability in the private health insurance market if efforts to repeal and replace the ACA falter, Reuters reports.

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Mr. McConnell made the comments during a luncheon in Kentucky Thursday. In reference to the health insurance markets, he said, “No action is not an alternative. … We’ve got the insurance markets imploding all over the country, including in this state.”

Senate Minority Leader Chuck Schumer, D-N.Y., said Mr. McConnell’s statement may mark an opening for a bipartisan approach to addressing the ACA.

“It is encouraging that Senator McConnell today acknowledged that the issues with the [health insurance] exchanges are fixable and opened the door to bipartisan solutions to improve our healthcare system,” the report states. 

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