A joint, bicameral report released by Congressional Republicans estimates an increase in health care premiums for some Americans, specifically young adults and the middle class, when major provisions of President Obama’s health care law go into effect next year. Analysis from the report projects an increase in Ohio health care premiums between 55 to 106 percent.
“During the health care debate Americans were promised that health care costs will be lowered, instead we got a nearly $2 trillion government health care overhaul that has resulted in rising premium costs and higher taxes,” said Latta. “While the president initially said that his health care plan would reduce premiums by an average of $2,500 per family, instead premiums have risen by over $3,000 since 2008. This report sheds light on his broken promise to lower health care costs.”
The report points to several provisions within the Patient Protection and Affordable Care Act (PPACA), commonly known as “Obamacare,” that will place upward pressure on premiums, including the $165 billion in new taxes and fees on health plans, drug manufacturers, and device makers. Along with Ohio, 12 other states could see premiums double in the individual market.
“While our economy is struggling to grow and middle class families are working to make ends meet, we cannot afford to pay for rising health care premiums. I am committed to repealing this misguided health care law and producing common-sense solutions that reduce costs, expand access, and increase the quality of care in a way that America can afford,” Latta concluded.
Prepared by Republicans on the House Energy and Commerce, Senate Finance, and Senate Health, Education, Labor and Pensions committees, the report is based on a compilation of over 30 studies and analyses. For more information on the report, click here.
The House Energy and Commerce Subcommittee on Health will hold a hearing on March 15, 2013 to examine the issues raised in the report. Congressman Latta serves on the House Energy and Commerce Committee.