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Chairman's Report Reveals Looming 'Rate Shock'

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When enacted in 2010, supporters of the new healthcare law argued the legislation would make health insurance more affordable for individuals and families. That promise was called into question this week when Chairman Tim Murphy released a new report, titled "The Looming Premium Rate Shock," which shows some policyholders will face premium increases of $1,700 or more because of the President's "Affordable Care Act" (ACA).

The report, which is based on data from the nation's largest insurance companies, reveals that consumers in the individual market may be facing average premium increases of nearly 100 percent, while some may see rates increase by as much as 400 percent. These increases are a result of new rules, mandates, regulations, and taxes required by the law.

"The American people were told the Affordable Care Act would cut healthcare costs by $2,500 for every family, but this study reveals the truth: individual premiums will go up an average of 96 percent," said Murphy.

On Wednesday night, Rep. Murphy took to the House floor with colleagues from the Energy and Commerce Committee to discuss the report's findings and find common ground on fixing the nation's broken healthcare system. You can watch proceedings of that debate by clicking here.

"Good intentions don't always mean good results, and out of care and concern for every mother and father, grandparent and child in America, we must ensure affordable access to high-quality healthcare," he said.

Rep. Murphy also sent a "Key Vote Alert" early this week about legislation to repeal the Affordable Care Act. Thousands responded, with more than 70% supporting repeal while fewer than 25 percent opposing repeal (with the remaining responding "unsure"). On Thursday, the House passed legislation to repeal the Affordable Care Act by a vote of 229 to 195.

Congressman Murphy urged his colleagues to join him in working on meaningful reforms of the nation's healthcare system so that you get the care you need, at a price you can afford by the doctor of your choosing without a government mandate that drives up costs exponentially. He cited as an example of reforms to achieve that goal new bipartisan legislation approved this week by the Energy and Commerce Committee to protect patients from expensive, harmful counterfeit medications. The bill is likely to head to the House floor by summer where passage is expected.

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