Congresswoman Doris Matsui Releases 10 Reasons Repealing the Health Care Law Will Hurt AmericansFOR IMMEDIATE RELEASE CONTACT: MATSUI PRESS OFFICE Congresswoman Doris Matsui Releases 10 Reasons Repealing the Health Care Law Will Hurt Americans • Today, in anticipation of this week•’s House vote to repeal the health care law, Congresswoman Doris Matsui (CA-05), released the following reasons that repeal would harm Americans. 10 Reasons Repealing the Health Care Law Will Hurt Americans Repealing the health care law will: 1. End coverage for millions of Americans • 32 million Americans will lose their health coverage if the health care law is repealed.1 2. Eliminate millions of American jobs • An estimated 4 million jobs expected to be created over the next decade by the health care law will be drastically reduced if it is repealed.2 3. Add billions to the deficit • The nonpartisan Congressional Budget Office has reported that repeal of the health care law would increase the deficit by an estimated $230 billion.3 4. Allow health insurance companies to rescind coverage • Insurance companies will once again be able to drop people when they get sick, exactly when they need their insurance most. 4 5. Allow health insurance companies to deny coverage • Insurance companies will once again be able to deny coverage to children with pre-existing conditions, pregnant women and breast cancer survivors.5 6. Increase costs for seniors and take away new benefits • Seniors will face an increase in their prescription drug costs and be deprived of the 50% discount on prescription drugs that the law will provide.6 7. Reduce health insurance options for young adults • Young people will not be able to stay on their parents• plans until age 26.7 8. Raise health care premiums • Health care premiums for Americans getting coverage through large employers will go up, and the lack of exchanges will mean less competition and higher prices.8 9. Harm the middle class and raise taxes • Tax breaks and premium assistance that helps millions of families and small businesses pay for coverage will be eliminated.9 10. Allow health insurance companies to impose devastating annual and lifetime caps • People who have chronic conditions or serious illnesses will once again have to worry about insurance companies only paying a limited amount of their medical bills.10 1 Congressional Budget Office Analysis of H.R. 2. pgs. 8-9. Cbo.gov. January 6, 2011. http://www.cbo.gov/ftpdocs/120xx/doc12040/01-06-PPACA_Repeal.pdf 2 Cutler, David and Neeraj Sood. • New Jobs Through Better Health Care.• Americanprogress.org. January 2010. Center for American Progress.• http://www.americanprogress.org/issues/2010/01/pdf/health_care_jobs.pdf 3 Congressional Budget Office Analysis of H.R. 2. pg.5. Cbo.gov. January 6, 2011. http://www.cbo.gov/ftpdocs/120xx/doc12040/01-06-PPACA_Repeal.pdf 4 • CQ House Action Reports Fact Sheet No. 112-2.• pg. 8. CQ.com. January 7, 2011. 5 • CQ House Action Reports Fact Sheet No. 112-2.• pg. 7. CQ.com. January 7, 2011. 6 • CQ House Action Reports Fact Sheet No. 112-2.• pg. 16. CQ.com. January 7, 2011. 7 • CQ House Action Reports Fact Sheet No. 112-2.• pg. 8. CQ.com. January 7, 2011. 8 Congressional Budget Office Analysis of H.R. 2. pg. 9. Cbo.gov. January 6, 2011. http://www.cbo.gov/ftpdocs/120xx/doc12040/01-06-PPACA_Repeal.pdf 9 • CQ House Action Reports Fact Sheet No. 112-2.• pg. 13. CQ.com. January 7, 2011. 10 • CQ House Action Reports Fact Sheet No. 112-2.• pg. 8. CQ.com. January 7, 2011. ### |