Congressman Adrian Smith (R-NE) released the following statement on the two-year anniversary of President Obama's health care law:
"After two years on the books, health care costs are going up and millions of Americans are faced with losing the health coverage they were promised they could keep," said Smith. "Meanwhile, the law continues to slow economic recovery by growing government, burdening job creators, and adding to Washington's unsustainable spending.
"From the unconstitutional mandates to the endless stream of broken promises and special interest carve-outs, it is no surprise Nebraskans of all stripes overwhelmingly support scrapping this law. Repeal alone, however, is not enough. I remain committed to passing commonsense, patient-centered reforms which actually lower costs and increase access for Nebraska's families, seniors, and small businesses."
The non-partisan Congressional Budget Office (CBO) released new estimates of the law's cost on March 12th, showing it had doubled to nearly $2 trillion and it will cause as many as 20 million Americans to lose their health insurance. In addition, the CBO found in previous analysis the cost of health insurance will rise by $2,100 per family by 2016. CBO estimates the law will cost the economy roughly 800,000 jobs.
Smith is a co-sponsor of H.R. 2, which would repeal the President's health care law, formally known as the Patient Protection and Affordable Care Act.