Thursday, January 6, 2011

What Repealing the Affordable Care Act Will Cost Families, Seniors, Small Businesses, States… | The White House

This week, Republicans in the House of Representatives unveiled a bill that will repeal the Affordable Care Act and take us back to the days when insurance companies controlled the health care people could receive.  This doesn’t come as a surprise, as Republican leaders have been threatening repeal since President Obama signed the reforms into law on March 23, 2010.  But what is surprising is how carelessly they are disregarding the consequences of taking away the new freedoms, control over health care decisions, and the cost savings the law provides the American people, including 

  • Unprecedented accountability and transparency in the insurance market;
  • Reduced prescription drug costs for seniors; tax credits for small businesses to defray the costs of employee coverage;
  • Protection against double-digit premium increases; preventive care without cost sharing; support for working class families by providing them tax credits to help pay for coverage;
  • Improved quality health insurance coverage for all Americans by creating competitive new state based health insurance marketplaces called Exchanges; and
  • Affordable, quality health coverage for all Americans regardless of their age and gender, or if they have a pre-existing condition.

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