On the recordJuly 12, 2012
Now that the health care law is out of the judicial process, it's back in the hands of the legislature. It's time to face the real consequences of this law. This week, the Ways and Means Committee has started examining the tax effects. The Oversight Committee is looking at the impact on patients and doctors and on the economy. But in reality, we know what to expect. An average American family will see a $1,200 increase in health care premiums after this law is fully in effect. More than 1 million Americans are at risk of losing their plan because their plan was denied a waiver. The Congressional Budget Office has estimated that we will see 800,000 fewer jobs by 2012. The law contains 22 new tax increases. And 9 in 10 seniors with retiree benefits will lose their retiree prescription drug coverage through their employers. It's time to get specific with the American people about what this law means for them. ____________________
