Mr. Speaker, since the misleadingly-named ``Patient Protection and Affordable Care Act'' was signed into law last year, Americans have uncovered more reasons to oppose it. For all the talk of ``reform'' that accompanied its passage, the law will actually entrench the worst aspects of our broken system, driving out-of-control costs even higher and taking health care out of the patient's hands and giving control to the government.
Contrary to what they were told, taxpayers have learned that the true cost of the law is closer to $2.6 trillion over the next 10 years, and will add more than $700 billion to the deficit. Accounting gimmicks that included scoring the bill using 10 years of revenue but only 6 years of new spending and double-counting of Social Security payroll taxes, CLASS Act premiums, and Medicare cuts made it seem like this program would land the country in the black, but will only result in more red ink.
As a result of this law, employers across America have discovered that onerous reporting requirements will force them to file 1099 forms for every vendor with which they do $600 worth of business. An accountant in my district just told me that he will have to expand his staff by 25 percent to accommodate all of his extra paperwork. This is not the type of job creation America envisioned.
Furthermore, when employer costs of insuring employees goes up, Americans will lose their private insurance plans, and will be forced to go on to government plans. This will also add to the deficit. Additionally, businesses and labor unions alike have realized that Obamacare is a bad deal, and at least 222 have sought waivers from having to comply with the law. HHS Secretary Kathleen Sebelius has approved special privilege exemptions for dozens of labor unions and the half a million union members they cover. And even more troubling is that Secretary Sebelius has been tardy in responding to a FOIA inquiry regarding the secretive details of these waiver requests.
And, last but of course not least, patients will soon come to discover that this law may not only be dangerous to their pocketbooks, but to their health.
Mandates, dictates, controls, tax hikes, and subsidies will flat-line any genuine effort to reform the country's health care system. The exploding cost of health care is bankrupting the country, yet the government's open-ended commitment to subsidizing health care is the very reason costs are skyrocketing.
Fortunately, instead of waivers for a select few, we have a universal remedy: repeal the law for all. I urge my colleagues to heed the calls voters made last year during the debate and at the ballot boxes, and vote to undo this job-killing legislation.