Republican presidential candidate Ted Cruz cited President Barack Obama's signature health care law as the reason he no longer has health care insurance.

While speaking at a campaign event in New Hampshire on Thursday, the Texas senator stated that he has lost his coverage "because of Obamacare."

"You know who one of those millions of Americans who's lost their health care because of Obamacare? That would be me," he told an audience in Manchester, according to CNN. "I don't have health care right now," he added, before explaining how he lost his coverage.

Back in 2013, Cruz was covered under his wife's plan while she was working at Goldman Sachs. However, now that Heidi Cruz is on unpaid leave from the Wall Street firm, she is no longer receiving company benefits like health insurance, the candidate said.

Cruz, however, has the option of receiving a 75 percent employer subsidy by enrolling in the Affordable Care Act as a member of Congress. Instead of taking the offer, he decided to purchase an individual policy from Blue Cross and Blue Shield of Texas. Then, when the company canceled their individual policies, Cruz lost his coverage.

"I had purchased an individual policy and Blue Cross Blue Shield canceled all their individual policies in the state of Texas effective Dec. 31. So our health care got canceled. We got a notice in the mail. Blue Cross Blue Shield was leaving the market," Cruz said.

"And so we're in the process of finding another policy," he added. "I hope by the end of the month we'll have a policy for our family, but our premiums -- we just got a quote, our premiums are going up 50 percent. That's happening all over the country. That's happening all over New Hampshire."

In response, the Democratic National Committee (DNC) released a statement calling Cruz's claim a "misleading ObamaCare sob story," reports The Hill.

"Ted Cruz had the option of signing up for coverage through his position as a U.S. Senator, but opted out in order to make a political point," DNC spokesman Eric Walker said on Thursday. "The fact that Ted Cruz would use his own irresponsible decision as an excuse to take affordable care away from 19 million Americans is despicable."