Today, on the one year anniversary since government-approved health care was signed into law, a look at the implementation of the new health care reform reveals how the legislation has failed to deliver on costs, premiums, spending, and preserving Americans’ existing coverage:
19 — States where parents can no longer buy child-only insurance policies as a result of the law
30 — States suing to block the law from taking effect, or requesting waivers from its requirements
51 — Percentage of American workers who will lose their current health coverage by 2013, according to the Administration’s own estimates
1,270 — New bureaucrats requested by the Internal Revenue Service to implement the law this year
$2,100 — Increase in individual insurance premiums due to Obamacare, according to the Congressional Budget Office
$2,500 — Premium reduction promised by candidate Obama “by the end of my first term as President”
6,578 — Pages of new regulations issued implementing Obamacare through March 14, 2011
800,000 — Reduction in the American labor force due to Obamacare provisions that “will effectively increase marginal tax rates, which will also discourage work,” according to the CBO
2,624,720 — Total individuals in 1,040 plans granted waivers thus far exempting them from the law’s insurance mandates; nearly half of whom participate in union plans
7,400,000 — Reduction in Medicare Advantage enrollment as a result of Obamacare, resulting in a loss of choice for seniors and millions of beneficiaries losing their current health plan
40,000,000 — Firms subject to the health law’s new 1099 reporting requirements, which the National Federation of Independent Business called a “tremendous new paperwork compliance burden”
$118,000,000,000 — New costs imposed on states to implement Obamacare—budgetary costs that will lead to reduced services for other state programs like education or to higher state taxes
$310,800,000,000 — Projected increase in health costs due to Obamacare, according to the independent Medicare actuary, who called its promise of lower costs “false, more so than true”
$552,200,000,000 — Amount of higher taxes Americans will pay if Obamacare remains in place
$1,390,000,000,000 — Federal spending on new entitlements during fiscal years 2012-2021 according to the CBO, a 48 percent increase from an earlier estimate
: Even though we have seen only a few of the law’s initial provisions take effect, American families and businesses are already facing higher costs, economic uncertainty, and loss of their current coverage.
: The new health care reform law is the prime example of how the Democrats’ tax hikes, spending spree, and heavy-handed government policies are hurting our economy and making it harder for small businesses to create jobs. Removing these barriers will provide the businesses that create new jobs with the certainty they need to hire new employees and get our economy back on track.
I remain committed to reducing healthcare costs by providing access and choices for every American, protecting the patient-doctor relationship, and keeping the government out of the exam room. I will work aggressively in Congress to repeal what I firmly believe to be an onerous and unconstitutional health care reform law and support market-based solutions to our health care needs.
