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Public Statements

Repeal of Obamacare Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. STEARNS. The gentlelady from California knows full well--she serves on the Energy and Commerce Committee--all during the markup of ObamaCare we had an alternative health plan.

I'm proud to cosponsor this bill to repeal the Affordable Care Act, ObamaCare, because the act is not affordable.

Cutting half a trillion dollars from Medicare to pay for new spending is wrong. Savings in Medicare should stay in Medicare. How severe are these cuts to Medicare? The Chief Actuary for CMS reports that 15 percent of hospitals will be unprofitable within 10 years. These cuts can endanger the viability of the hospital system and jeopardize the health care available for seniors.

Now, we have a whole alphabet soup of new agencies that are created by this monstrosity of a law. Let me tell you, the IPAD, the Independent Payment Advisory Board, we all know what that's going to do; PCORI, Patient-Centered Outcomes Research Institutes; CCIIO is the Center for Consumer Information and Insurance Oversight, they set up all the exchanges; the PCIP, which is the Pre-Existing Condition Insurance Plan. I mean, these are all new government agencies.

We need to repeal this law and start anew with commonsense solutions that encourage innovation without punishing businesses, seniors, or individuals.

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