In this strategy session, we are sharing with you valuable talking points from the Galen Institute on why ObamaCare is such a disaster for our healthcare and our economy. The Galen Institute is a conservative research organization devoted exclusively to advancing free-market ideas in health policy. As an elected official, candidate and/or voter, these talking points will be beneficial in understanding the realities of ObamaCare as well as communicating a strong conservative message in response to this legislation. We hope you find the information useful.
Health costs will continue to rise: The independent, non-partisan Congressional Budget Office (CBO) says health insurance premiums will continue their steady upward climb under the new law, with millions expected to pay about $2,100 a year more because of the new law.
Millions are expected to lose their current coverage: At least 14 million people with employer-provided health insurance are expected to lose their coverage as many small employers terminate their plans, forcing their workers to enroll in taxpayer-subsidized plans. Why? Because many companies will save tens of millions of dollars by paying a $2,000 fine rather than providing expensive, federally-approved health benefits.
Taxes will increase – hitting the middle class: The new law includes more than $500 billion in new taxes, many of which will “generally be passed through to health consumers in the form of higher drug and devices prices and higher premiums,” according to the government’s own Chief Actuary of Medicare.
Required to purchase health insurance – even if you cannot afford it: Everyone must purchase health insurance approved by the federal government or pay a penalty under the new law. While many will receive subsidies, some will be expected to pay almost 29 percent of their income for health insurance or must pay a fine.
The federal deficit will increase: The minority staff of the Senate Budget Committee estimates that, fully implemented, the new law will cost $2.4 trillion over 10 years, nearly three times the cost projected by the CBO.
Job creation will suffer: The dizzying array of new taxes on businesses and individuals will hurt job creation and the recovery, and the higher health costs will discourage small businesses – the engine of job creation – from hiring.
Medicare cuts will hit seniors: Medicare’s Chief Actuary estimates that more than seven million will lose their current Medicare Advantage plans and that the “new provisions will…result in less generous benefit packages.” Under the bill, 15 percent of all hospitals, nursing homes, and other providers treating Medicare recipients could be operating at a loss by 2019 and “possibly jeopardize access to care for beneficiaries.”
Lawsuit abuse will continue to push health care costs higher: Frivolous lawsuits lead to higher medical malpractice rates, unnecessary tests, and higher health care costs for everyone. Though the CBO estimated that curbing lawsuit abuse would save $54 billion, the health overhaul law fails to address this problem.