Jim's Weekly Column
Reality Check: Two-Year Anniversary of Obama's Health Care Law No Celebration
Graphic: your new health care system under President' health care law:
The two-year anniversary of the President’s health care law is certainly no celebration for America’s seniors, job creators, or families.
Let’s compare some of the promises President Obama and his Democratic supporters in Congress made to the American public, and the reality that we face today:
PROMISE, June, 15, 2009: According to President Obama, “If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”
REALITY, March 2012: As it turns out, the law’s taxes and mandates incentivize employers to drop insurance coverage for employees, and a 2011 report shows upwards of one in three plan do to so. The non-partisan Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) released an updated analysis of the law’s impact that predicts around 4 million more Americans will lose their employer provided health insurance than previously predicted.
PROMISE, September 9, 2010: President Obama said in a speech to Congress, “I will not sign a plan that adds one dime to our deficits – either now or in the future.”
REALITY, March 2012: The updated CBO/JCT analysis shows that by accounting for only two more years of implementation, the total cost of the health care law jumps from $900 billion to $1.8 trillion.
PROMISE, February 25, 2010: Democratic Leader Nancy Pelosi claimed that the health care law would create 4 million jobs, and “almost immediately” create 400,000 jobs.
REALITY, August 2010: the CBO’s Budget and Economic Outlook Update noted that the health care law will have the opposite effect. The mandates, taxes, and penalties “will, over time, generally be passed on to workers through reductions in wages…However, firms generally cannot reduce workers’ wages below the minimum wage, which will probably cause some employers to respond by hiring fewer low-wage workers.”
PROMISE, July 29, 2009: When selling the Affordable Care Act to the American public, President Obama promised Americans that the law would protect care for seniors.
REALITY: The law cut over $500 billion from Medicare, accelerating its path to bankruptcy, which according to the independent board of trustees will happen in 2024.
PROMISE, July 25, 2009: President Obama promised his health care law would help small businesses by providing them with tax credits to purchase insurance for their employees.
REALITY, July 2011: The Small Business and Entrepreneurship Council found that only 7 percent of small businesses were using the health care tax credits. This report affirms what the National Federation of Independent Businesses noted, that tax credits are not beneficial, and “will do little to nothing to make purchasing insurance more affordable for small firms.”
In contrast to the President’s promises, the health care law costs more money, imposes more barriers to job creation, and forces more Americans to lose their employer-provided coverage. This bill will not curb the cost of health care, and it must be repealed in its entirety.