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Remarks by the Vice President at a Listening Session on Healthcare with Women Entrepreneurs

The Roosevelt Room

2:36 P.M. EDT

Q    Well, good afternoon.  And on behalf of President Trump and the First Family, welcome to the White House.  I’m honored to have the ability to welcome you right here for an ongoing dialogue from a few of the nice women entrepreneurs throughout this nation about the President’s willpower and the have to repeal and substitute Obamacare.  

We recognize you coming to deliver your real-world expertise.  I look very a lot ahead to listening to your perspective and listening to how greatest we will carry this message to the Congress and to the nation. 

I’m grateful to be joined by the Secretary of HHS, Dr. Tom Price; the Administrator of the Centers for Medicaid and Medicare Services, Seema Verma; and in addition the Counselor to the President Kellyanne Conway.  We’ll even be joined by different members of the Cabinet as our dialog goes ahead.

It is a nice privilege for me on behalf of the President to welcome so many women small-business house owners from throughout the nation.  They speak about the horrible burden that Obamacare is putting on job creators.

And first, let me simply thanks for what you do.  Thank you for the jobs that you simply create.  I had a little small enterprise of my very own that my spouse and I began in the basement of our house about 25 years in the past.  And I do know what it’s to be in enterprise for your self.  I do know the sacrifices that you simply make, the hardships that always you face.  But firstly, thanks for being nice company residents.  And thanks for the success that you’ve created that has benefitted households who’ve the alternative to work with you and be just right for you.

It is estimated that greater than 11.three million companies in America are women-owned enterprise, using almost 9 million individuals throughout this nation, and having greater than $1.6 trillion in revenues.

Women-owned companies are rising like gangbusters throughout this nation — it truly is superb — at a fee 5 occasions quicker than the nationwide common over the previous 10 years.

President Trump and I are grateful for what you do every single day, and we would like you to be extra profitable than ever earlier than.  That’s why the President has been preventing to roll again extreme laws, to unleash the energy of American power, hold the value of power low, and why we have been preventing since the first day of this administration to repeal and substitute Obamacare.

Obamacare is placing a super enterprise [burden], as you all know, on small companies throughout this nation with its reams of purple tape, skyrocketing premium prices, mandates, and taxes which were costing jobs and costing progress on this financial system.  I’ve acquired a couple of nice enterprise house owners round this desk, however I need to hear from simply a few of them.  Kelly Moore and Amy Pope-Wells, I’m going to ask to discuss your private experiences.  

But in Kelly’s case, underneath Obamacare her japanese Ohio enterprise, GKM Auto Parts, has confronted I’m advised double-digit premium hikes yearly.  As you typically say your worst day as a small-business proprietor was final yr whenever you needed to inform your staff that you possibly can not present health insurance coverage.

I’m going to offer you a probability with members of the media current to have the ability to mirror on that.

Amy Pope-Wells is the proprietor of Link Staffing Services in Jacksonville, Florida.  We’ve had the alternative to satisfy in the previous and know what a dynamic enterprise chief you’re, however the hardship that you’ve got confronted — not solely in your personal enterprise, however in the companies that you simply serve which might be dealing with the impression of the value of healthcare following Obamacare.  It’s a story that must be informed.

The fact is the American individuals are struggling underneath the weight of the failed insurance policies of Obamacare, and it should go.  Secretary Price and his group at Health and Human Services launched a research simply two weeks in the past displaying that in actual numbers premiums have greater than doubled underneath Obamacare since 2013, up 105 %.

Now, I used to be in the Congress when Obamacare was handed into regulation, and I keep in mind all the guarantees — when you like your physician, you’ll be able to maintain them.  Remember?  If you want your insurance coverage, you possibly can maintain it.  But the central promise was the value of health insurance coverage would go down, and right here we’re that since 2013 alone premiums throughout this nation have elevated by 105 %.  America cannot afford Obamacare any longer. 

President Trump and our administration are working day by day with members of Congress, and we’re not going to relaxation till we repeal and exchange Obamacare with the sort of healthcare reform the American individuals deserve, healthcare reform constructed on shopper selection, on free-market rules, on state-based innovation, and a respect for the doctor-patient relationship.

With that, I’m right here to pay attention, to not speak.  And let me thanks once more on behalf of the President on your willingness to return right here to the White House to inform you story. 

I additionally see Linda McMahon, the Administrator of the Small Business Administration, is with us in the present day.  We’re grateful on your management. 

But first, Kelly, after which Amy, perhaps you can share a little little bit of your expertise with Obamacare and simply how necessary will probably be to repeal and substitute it.

MS. MOORE:  I do not consider my story is exclusive.  I feel my story truly is one which’s advised by a variety of small-business house owners.  But in 2016, we have been dealing with a 22 % improve in premiums, and that is after a regular rise of double digits ever since the ACA was handed.  With the exception of 1 yr, we had double-digit will increase.

I’ve good staff.  I consider them as household.  It was gut-wrenching to inform them that I used to be ending their advantage of insurance coverage.  And they’re respectable individuals who work exhausting for us, and we respect their good skills.  And we glance to the future and assume, how will we have the ability to appeal to good gifted individuals in the future?  It’s been very troublesome since then for them to seek out reasonably priced healthcare.  And I feel that the drawback has been exacerbated, not gone away with all of this uncertainty about the future.

So for us it’s important that we now have some kind of stability in our enterprise, that we get some kind of a solution as to what we will anticipate in the future.

THE VICE PRESIDENT:  Well, thanks, Kelly.  Thanks.

MS. MOORE:  Thank you. 

THE VICE PRESIDENT:  Thanks in your apparent deep concern on your staff.  Because you’d like to have the ability to afford to cowl them.

MS. MOORE:  I might love to have the ability to supply that profit once more.

THE VICE PRESIDENT:  Right.  But it simply reached a level with double-digit will increase you possibly can not afford to make that a part of your advantages?

MS. MOORE:  It was a determination of whether or not to have one in every of my staff need to — have to put off anyone as a way to afford it for the relaxation.  And that did not make good enterprise sense, and it was unaffordable for them.  We did attempt by splitting the premium perhaps 20 at the starting; 70-30, 60-40.  We additionally dropped spousal protection.  We’ve made efforts to make it reasonably priced, however they not have the premiums or the deductibles that they might afford with the quantity that they have been paying.

THE VICE PRESIDENT:  Kelly, you already know I see from the nods round the desk that feels like a fairly acquainted expertise to all the women entrepreneurs round the desk at the moment.  

And I respect you sharing —

MS. MOORE:  Thank you. 

THE VICE PRESIDENT:  — your perspective with us in the present day.

Amy Pope-Wells, are you able to perhaps converse a little bit about your wrestle each in Link Staffing Services with Obamacare, but in addition with all the corporations that you simply work with in assembly their employment wants, what you are seeing throughout the market?

MS. POPE-WELLS:  Well, I feel — such as you stated, it’s not distinctive.  I feel all of us noticed someplace round a 25 % improve.  So as a small enterprise, you need to make budgetary selections.  But a part of that isn’t simply the determination of the finances, however then the way it impacts all these staff.  We have about 85 or so contractors in the subject and a employees of six that help them.  That’s simply the starting of it.

You received a rise.  You both move the improve or you do not.  We had shoppers, which I by no means even envisioned being a drawback, who refused to start out doing enterprise with us as a result of underneath the regulation we have been required to listing ACA fees on our invoices.  And these shoppers stated, we didn’t vote for it.  We didn’t need it.  We don’t recognize it. 

So we as a enterprise not solely took a 25 % premium improve, we additionally noticed that shoppers have been refusing to take part, which we needed to make robust enterprise selections once more.  So we made these selections of what plans to go with the 25 % improve, what shoppers we might lose or maintain.

But then the quagmire of the guidelines and laws begin.  We discovered ourselves having to spend — everyone in our workplace spending time on advantages administration:  medical procedures being denied, individuals not understanding the guidelines or the processes.  We acquired into the insurance coverage enterprise.  We bodily needed to discover ways to educate and help our staff, and we’re not in the insurance coverage enterprise.  

So it’s been a problem that I consider us, as Americans, ought to begin simplifying and work out learn how to repair it higher.  Because we would like a wholesome inhabitants. 

We even noticed our youthful inhabitants who simply refused to start out taking it.  They stated, I’m not going to pay $1,200 or $1,900 a month for a premium — and stroll away.  So we have got our younger populations deciding to not take healthcare.  That’s not the answer.

THE VICE PRESIDENT:  Right, so how many individuals round the desk assume that there’s an pressing have to repeal and substitute Obamacare? 

MS. POPE-WELLS:  Oh, completely.  

THE VICE PRESIDENT:  Well, thanks for that perspective.

MS. POPE-WELLS:  You’re welcome.

THE VICE PRESIDENT:  And thanks all very a lot.  I respect it.

2:47 P.M. EDT

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