John Cornyn: “If you're on an employer provided insurance plan, premiums…”

“If you're one of the 16 million people on the Affordable Care act exchanges you, your premium is scheduled to go up 18% next year. 18%. At the same time, If you're on an employer provided insurance plan, premiums will go up roughly 6 or 7%. 6 or 7% versus 18%. Well, there must be a good reason for that astronomical figure for the Obamacare plans. And I plan on mentioning a few reasons why that is so.” (04:10–04:19)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.