Today the Energy and Commerce Subcommittee on Health held a hearing on the Affordable Care Act, which has significant cost savings and other benefits.
"Today's hearing highlights the success of the Affordable Care Act in reducing health care spending over the next decade," said Rep. Henry A. Waxman, Ranking Member of the Energy and Commerce Committee.
"The Affordable Care Act is a responsible path for entitlement reform, reducing costs while protecting beneficiaries," said Rep. Frank Pallone, Jr., Ranking Member of the Subcommittee on Health. "Republicans should not slash Medicare and Medicaid to fund tax cuts for the rich."
* The Affordable Care Act will bring Medicare spending growth to historically low levels over the next ten years:
o CBO projects growth of 2% per capita compared to a historical norm of 4%.
o Because of that low growth, the trigger for proposals under the Independent Payment Advisory Board is not tripped.
o This is entitlement reform done right, with benefits and access to care preserved.
* Republicans are poised to slash Social Security, Medicare, and Medicaid to pay for tax cuts for the rich.
Majority Leader Eric Cantor said just last week, "We're going to have to come to grips with the fact that these programs cannot exist, if we want America to be what we want America to be."
Democrats want America to be a place where Social Security, Medicare, and Medicaid exist to protect our health and financial security. Republicans will soon unveil a budget that destroys health programs to pay for tax cuts for the wealthiest Americans - striping seniors, individuals with disabilities, and others of this security.
For more information on today's hearing, please visit the democratic committee website at www.democrats.energycommerce.house.gov.