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Dr. Benishek: "President's Health Care Law not Lowering Costs"

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Date:
Location: Washington, DC

Dr. Dan Benishek (MI-01) today commented on a new study by PriceWaterhouseCoopers that predicts medical costs will increase by 7.5 percent in 2013, despite the passage of the Patient Protection and Affordable Care Act (PPACA) two years ago.

"This report is further evidence that the President's Health Care Law is bad medicine for Northern Michiganders. When President Obama was trying to sell this plan he promised it would lower health care premiums by $2,500 this year--that hasn't happened. Instead, costs are going up. As a doctor, I believe we need to repeal this law and enact common sense reforms that give patients more control over their health care," said Dr. Benishek, who worked as a surgeon in Iron Mountain for 28 years.

The new study, issued by PriceWaterhouseCoopers, predicts a 7.5 percent increase in health care spending. According to a report from Reuters, the study indicates the trend in health care spending is "more than three times the projected rates for inflation and economic growth."[1]

"With economic growth stagnant, higher health care premiums will take more money out of the pockets of Northern Michigan families. I fear these increases will also hurt economic growth. Local job providers are telling me they are worried about the rising costs of health care and what these trends will do to their businesses," added Dr. Benishek.

Health care costs represent a significant expenditure for American families. According to the Milliman Medical Index (MMI), the total cost of healthcare for a typical family of four was $19,393 in 2011. This figure represents a 7.3 percent increase from 2010, and a doubling in cost from less than a decade ago, despite the passage of the Affordable Care Act. [2]

"After treating patients for nearly 30 years, I believe we need to apply free market principles to increase competition and lower costs in the health care system. Since coming to Congress, I have supported initiatives to let people purchase health insurance across state lines, allow small businesses to join together to purchase more affordable insurance, and encourage more innovation in medical technologies," said Dr. Benishek.


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