Rep. Banks remains committed to repealing Obamacare

WASHINGTON (WANE) – U.S. Rep. Jim Banks (R-3rd) says he remains committed to repealing and replacing Obamacare even after Trump and GOP leaders’ replacement bill was withdrawn from the House floor Friday.

Banks released the following statement in a press release after the bill was pulled.

I remain committed to repealing Obamacare and replacing it with conservative reforms that will increase competition, lower costs and create more choices. I am hopeful that House Republicans can come together to end Obamacare’s burdensome taxes and regulations and pass free-market reforms that will benefit all Americans. I also will continue pushing for a permanent repeal of the medical device tax, a vital priority for northeast Indiana. – Rep. Jim Banks

Hours before what was expected to be the climactic House vote on a health care overhaul plan, Banks spoke with WANE-TV’s Terra Brantley about the proposal and how it would impact the American people.

Banks called the bill “far, substantially better” than former President Barack Obama’s signature Affordable Care Act. The Congressman said the new bill would block grant Medicaid funds to the states, which would allow Indiana to protect HIP 2.0. The bill would also create a refundable tax credit for individuals who purchase health insurance who don’t receive it from their employer and give health savings account options to buyers.

The Congressional Budget Office has estimated 14 million people will become uninsured next year if the plan becomes law. Banks said those people would have “a great deal of options,” though.

“What this bill will do is, it will create more competition, it will drive down the cost of premiums and create more options for the American people to purchase their health insurance,” said Banks. “There is much to like about this bill. I readily admit that I don’t believe it goes far enough to repeal the regulatory framework of Obamacare, but I hope that we can tackle some of the issues that are left in the months and years to come.”

Banks’ full interview with Terra Brantley can be viewed below.