OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Repeal of Obamacare Act

Floor Speech

By: Lee Terry
By: Lee Terry
Date: July 10, 2012
Location: Washington, DC
Issues: Taxes Health Insurance

BREAK IN TRANSCRIPT

Mr. TERRY. Mr. Speaker, the Affordable Care Act is just the opposite--unaffordable. It's chock-full of new taxes, increased government spending, and provisions that are going to make health care more expensive. CBO found that this new law's insurance mandates will raise premiums on the individual market by an additional $2,100 per person. The Kaiser Family Foundation found that individual premiums have already, because of this, gone up 8 percent for families and 9 percent for individuals. And this law isn't even fully implemented yet.

To add insult to injury, there's 159 new boards, offices, and panels--like IPAB--that give unelected bureaucrats the authority to ration health care. It raises taxes by $670 billion on middle class families and employers. At a time when we have Federal deficits and prolonged unemployment, it increases total Federal Government health spending by about $478 billion from 2014 to 2021.

I have voted to repeal this 30 times, and I will keep doing it until we get it right.

BREAK IN TRANSCRIPT


Source
arrow_upward