Upton Supports Full Repeal of Obamacare as Rate Hikes Loom
Recent report by Upton’s Energy and Commerce Committee exposes massive health insurance premium increases due to law’s policies, mandates, taxes, and fees
The U.S. House of Representatives voted this afternoon to fully repeal the Patient Protection and Affordable Care Act, also known as Obamacare. Today’s vote follows the recent release of a report by the House Energy and Commerce Committee, Chaired by Congressman Fred Upton, R-St. Joseph, which highlights the significant health insurance premium increases consumers could face as a result of the healthcare law. The repeal legislation, H.R. 45, passed the House by a vote of 229 to 195 and now awaits consideration in the Senate.
“Since the passage of Obamacare, we have encountered an ugly reality filled with broken promises, rampant uncertainty, rising premiums, and harmful consequences for jobs and our economy,” said Upton. “The looming rate increases will be devastating for millions of Americans, particularly those with a limited income, including recent college graduates and older Americans. Today we keep our promise to the American people as we continue working to repeal this bureaucratic train wreck and replace it with real solutions that drive down healthcare costs for all Americans.”
Upton’s committee has exercised rigorous oversight into how the law has been implemented as well as the impact it will have on patients, providers, the economy, taxpayers, and states.
Released on Monday, May 13, the Energy and Commerce report cites one leading national insurer that has predicted a 96 percent increase in premiums for those getting a new health insurance plan in the individual market. Customers who want to keep their existing insurance can expect an average increase of 73 percent. The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 – a $1,812 cost increase.
Read the full Energy and Commerce Committee report, “The Looming Premium Rate Shock,” HERE.