Once we realized the [Affordable Care Act] would not let us keep the health care we had, we spent three years presenting the Administration with reasonable fixes to the ACA's problems. All of them were rejected and the proposed regulations [regarding multi-employer health and welfare trust fund and other self-funded plans] offer virtually no assistance toward any of these solutions.
We were bitterly disappointed upon reading the proposed regulations put forward by the Administration. If the Administration honestly thinks that these proposed rules are responsive to our concerns, they were not listening or they simply did not care. We have examined various health exchanges and should members be forced to purchase insurance on an exchange, their out of pocket costs are likely to be significant, reaching into the thousands of dollars even if they are eligible for a subsidy under the act. It would be a sad irony indeed if the signature legislative accomplishment of an Administration committed to reducing income inequality cut living standards for middle-income and low-wage workers."