Repealing the Affordable Care Actby Representative Glenn Thompson
Posted on 2016-01-07
THOMPSON of Pennsylvania. Mr. Speaker, yesterday, I was proud to
vote in favor of the Restoring Americans' Healthcare Freedom
Reconciliation Act, which repeals the Affordable Care Act, or the ACA.
With yesterday's passage of the bill, it marks the first time repeal of
the ACA has been sent to President Obama's desk.
In the past year, several significant problems with this law have become ever more clear. We have seen a large number of healthcare co- ops go under. One major healthcare provider, UnitedHealthcare, announced it is pulling out of the ACA exchange. This system is just not sustainable.
Late last year, the Congressional Budget Office released a report stating that the ACA will lead to a reduction of work-hours equivalent to 2 million jobs over the next decade. The CBO attributes this reduction to healthcare subsidies tied to income, raising effective tax rates for Americans, and creating a disincentive for people seeking promotions or new, higher paying jobs. It also points to higher taxes and penalties as a reason for the reduction in work-hours.
In comparison, the Restoring Americans' Healthcare Freedom Reconciliation Act will reduce the Federal deficit by more than half a trillion dollars over the next 10 years. It will also eliminate costly provisions, such as the individual and employer health insurance coverage mandates, the Cadillac tax on high-cost plans, and it will enhance the solvency of Medicare. It also ensures that Federal tax dollars will not go to providers of abortion.
Mr. Speaker, over the past several years, dozens of ACA reforms have been signed into law. However, we have only scratched the surface when it comes to addressing problems with this law. It is time to come together to support a comprehensive approach that ensures responsible use of taxpayer dollars and fixes the issues affecting our Nation's healthcare system.