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Government and Politics

Renacci not happy about Moody's health insurance downgrade
Republican congressman blames Obamacare

Kabir Bhatia
Congressman Jim Renacci (right, R-Wadsworth) blames the Affordable Care Act for the Moody's downgrade
Courtesy of K. Bhatia
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In The Region:
Congressman Jim Renacci is not happy about Moody’s downgrade this week for U.S. health insurers, and is pointing a political finger of blame. The Republican representative from Ohio’s 16th District is home in Wadsworth today, and says the change in outlook from stable to negative is because of uncertainty created by the Affordable Care Act.

“People in my district – companies -- say ‘the costs are going up [and] deductibles are going up.’ There’s a strong concern. Until the president is willing to realize that there are some issues with his health care plan as it is laid out today [and] he’s willing to figure out what we’re going to do to change it, repeal it or replace it, it’s going to continue to go this way. And that’s a concern of mine.”
Renacci not happy about Moody's health insurance downgrade

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Renacci has been a vocal opponent of Obamacare, and also says lower-than-expected enrollment in health exchanges by younger or healthier users is hampering the system. He and 32 other House Republicans asked the president last month for a meeting on health care reform. President Obama has said Republicans are invested in the failure of, and that the website is still being fine-tuned.

But the recent bipartisan passage of a budget by congress does give Renacci some optimism.  

He says he’s always worked across the aisle, but things seem to be settling down in the House and Senate since last month.

“I do believe there’s a real push to getting some things done. You saw we passed a budget with bipartisan votes. We need to get back to regular order and do what’s right for America. I’ve said this all along, ‘these aren’t Democrat problems or Republican problems. These are American problems.’”
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