Rep. Lois Capps on $741 Billion Cut from Medicare: "I read the bill and I helped write it..."
Moments ago, addressing the issue of health care in America at a forum hosted by the San Luis Obispo Chamber of Commerce, Rep. Lois Capps (D-Santa Barbara) spoke on her vote to cut $741 billion from Medicare:
"We passed the Affordable Care Act...and it moved us forward and it can be amended and fixed...we'll need to do it... over 60,000 seniors can see the preventative services that are free and see the donut hole eliminated so this health care law is working and we can make it work better. Now we have affordable, accessible health care...I read the bill and I helped write it...this legislation strengthens Medicare.
THE FACTS ABOUT THE BILL REP. LOIS CAPPS READ AND WROTE:
CBO: MEDICARE CUTS UNDER LOIS CAPPS' BILL NOW UP TO $741 BILLION: (Congressional Budget Office, July 2012)
LOIS CAPPS' MEDICARE PLAN: EMPOWER "15 SAGES" WITH "THE POWER OF THE PURSE": (The Wall Street Journal, 4/14/2011)
VETERANS' GROUP: "WE HAVE REAL CONCERNS ABOUT IPAB'S INDIRECT IMPACT UPON MILITARY RETIREES": (Letter to House Committee on Ways & Means, 3/6/2012)
TRICARE'S REIMBURSEMENT RATES TIED TO MEDICARE, SO LOIS CAPPS' MEDICARE CUTS COULD AFFECT VETERANS' CARE AS WELL: "One particular concern is rising fees. Tricare's reimbursement rates to private caregivers generally are tied to those of Medicare, and many doctors say Medicare's reimbursement rates already are too low." (The Air Force Times, 3/21/2012)
$1.68 TRILLION PRICE TAG FOR REP. LOIS CAPPS' BILL OVER THE NEXT 10 YEARS: (Congressional Budget Office, July 2012)
$1 TRILLION IN TAX HIKES OVER 2013-2022: (Congressional Budget Office, 7/24/2012, p.6)
800,000 JOBS TO BE DESTROYED BY LOIS CAPPS' BILL (CBO DIRECTOR): (House Budget Committee Hearing, 2/10/2011)
FAMILY HEALTH INSURANCE PREMIUMS ROSE 9% IN 2011, WITH REP. LOIS CAPPS' BILL PLAYING A ROLE: (Kaiser Health News, 9/27/2011)
EMPLOYEES' SHARE OF PREMIUM COSTS HAS ALREADY INCREASED 9.3% FROM 2011 TO 2012, $235 PER PERSON: (Towers Watson/National Business Group on Health Employer Survey on Purchasing Value in Healthcare, March 2012)
30% OF EMPLOYERS PLAN TO DROP COVERAGE FOR EMPLOYEES, ACCORDING TO MCKINSEY STUDY: (Bloomberg Businessweek, 10/21/2011)
AT LAST COUNT, LOIS CAPPS' BILL CREATED 5,931 PAGES OF REGULATIONS: (Investor's Business Daily, 3/23/2012)
NFIB STUDY: 150K SMALL BUSINESS JOBS COULD BE DESTROYED BY LOIS CAPPS' HEALTH INSURANCE TAX: (NFIB, 11/9/2011)
CARDIAC DEFIBRILLATORS, ARTIFICIAL JOINTS, AND MRI SCANNERS ALL HIT BY REP. LOIS CAPPS' HEART ATTACK TAX: (The Wall Street Journal, 5/28/2012)
13,303 SMALL- TO MEDIUM-SIZE MEDICAL DEVICE FIRMS IN U.S., OR 91% OF ALL MEDICAL DEVICE COMPANIES COULD BE AFFECTED: (Michael Ramlet, Robert Book and Han Zhong, "The Economic Impact of the Medical Device Tax," American Action Forum, 6/4/2012)
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