A leading insurance industry group told Congress on Tuesday they wanted the Trump administration and legislators to ensure low-income Americans receive some help to keep costs low in the event of an Obamacare repeal.
"We still have more questions than answers," Marilyn Tavenner, the chief executive of America's Health Insurance Plans in Washington, told Congress, according to The New York Times. "We don't want to disrupt individuals who are relying on our coverage."
Tavenner warned if legislators do not come up an alternative to Obamacare, more than 22 million people would be left without insurance, the Times reported.
Over 10 million people have bought individual plans on state marketplaces.
She cautioned the marketplaces remained unstable and federal funding would be needed to help low-income Americans, lest costs spiral out of control for insurers.
"The market has already been a little wobbly this year," Tavenner said. "If insurance companies believe cost-sharing subsidies will not continue, they are going to pull out of the market during the next logical opportunity."
President-elect Donald Trump has vowed to repeal the Affordable Care Act, President Barack Obama's signature domestic legislation.
Senate Majority Leader Mitch McConnell said Tuesday the upper chamber will vote on an Obamacare repeal resolution when it returns from its holiday recess Jan. 3.
Vice President-elect Mike Pence told Jake Tapper on CNN's "The Lead": "we'll keep our promise to the American people and repeal Obamacare lock, stock and barrel.
"We'll also work with the members of the House and Senate to ensure an orderly transition," he added. "The length of time that will take will be a subject of legislative debate."
Tavenner told Congress insurers do not plan to fight Republican efforts to repeal Obamacare but industry officials would support a delay to prepare for any transition.
"We would love to see a three-year time frame, as long as possible," she said, per The Times.
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