Today, a new report from the office of Paul Hodes showed the sweeping benefits to middle class families in New Hampshire contained in the health reform package. In addition to nearly one million Granite Staters, nearly 35,000 small businesses stand to gain in the soon to be voted on health care package.
"New Hampshire's middle class families and small business owners know that now is the time to reform our health care system," said Hodes. "We need to rein in insurance companies who fund their Wall Street-style bonuses by pummeling New Hampshire families with rate hikes and diminishing coverage. And, we need to free our small businesses from the job killing handcuffs of limited choices and sky-high insurance premiums."
Analysis of Census, Health and Human Services, and newly released Congressional Budget Office data show the comprehensive benefits to New Hampshire found in reforming health insurance. Analysis shows that for New Hampshire reform will:
· Improve coverage for 916,000 residents with health insurance.
· Give tax credits and other assistance to up to 259,000 families and 34,600 small businesses to help them afford coverage.
· Improve Medicare for 207,000 beneficiaries, including closing the donut hole.
· Extend coverage to 59,500 uninsured residents.
· Guarantee that 17,600 residents with pre-existing conditions can obtain coverage.
· Protect 1,700 families from bankruptcy due to unaffordable health care costs.
· Allow 92,000 young adults to obtain coverage on their parents' insurance plans.
· Provide millions of dollars in new funding for 59 community health centers.
· Reduce the cost of uncompensated care for hospitals and other health care providers by $83 million annually.