Today, Congressman Steny H. Hoyer (MD-5) issued the following statement after the House Committee on Energy and Commerce released a new report describing the negative impact that the Republican repeal of the health reform law would have on Maryland's Fifth District:
"Health reform is already helping provide access to quality, affordable health care for many Maryland families, seniors, and small businesses," stated Congressman Hoyer. "Today, the House began debate on whether or not to strip Marylanders of those benefits and put insurance companies back in charge of the health care of our citizens. By repealing the health reform law, children with pre-existing conditions would be denied coverage, young people would no longer stay on their parents' plans until age 26, pregnant women and cancer patients would continue to be denied insurance, and seniors would face higher prescription drug costs. Maryland families, seniors, and small businesses cannot afford to lose the freedom provided by health reform."
According to the report, Republican repeal would take back important new benefits, increase health care costs for millions of Americans, cause families to lose coverage, and increase the national debt by over $1 trillion. In the Fifth District, the analysis found that repealing the health reform law would have the following consequences:
* Allow insurance companies to deny coverage to 132,000 to 343,000 individuals, including 10,000 to 44,000 children, with pre-existing conditions.
* Rescind consumer protections for 565,000 individuals who have health insurance through their employer or the private insurance market.
* Eliminate health care tax credits for up to 12,100 small businesses and 107,000 families.
* Increase prescription drug costs for 3,900 seniors who hit the Part D drug "donut hole" and denying new preventive care benefits to 80,000 seniors.
* Increase the costs of early retiree coverage for up to 9,200 early retirees.
* Eliminate new health care coverage options for 2,300 uninsured young adults.
* Increase the number of people without health insurance by 14,000.
* Increase the costs to hospitals of providing uncompensated care by $24 million annually.
To read the report, click here