ACA Repeal Bill Introduced
|January 19, 2011||Posted by ITUP under Blog||
Later today, the House of Representatives will vote on the Repealing the Job-Killing Health Care Law Act, a two-page bill that calls for federal statutes to be restored what they were before the Patient Protection and Affordable Care Act (ACA) passed in March 2010. The bill would also repeal the health care provisions in Reconciliation Act that fixed elements of the ACA. Due to the new Republican majority in the House, the bill is likely to pass.
There are many ironies with today’s vote. First, while the ACA passed with only Democratic votes, many of its roots are in legislation initially put forth by Republicans including President Richard Nixon, Senators Bob Dole and John Chafee and Governor Mitt Romney.
Second, while supporters of the repeal effort try to argue that health reform will add to overall health care costs, the Congressional Budget Office (CBO) projects the ACA will lead to a reduction in the federal budget deficit, an increase in Social Security revenues, and a lowering of Medicare costs.
And finally, while the title of the repeal bill suggests that health reform will destroy jobs, recent analysis suggests this claim is unfounded, and that in fact the ACA will help with job creation.
According to Politico.com, “the repeal effort is not expected to succeed, given that Democrats maintain control of the Senate and the president can veto the legislation. But Republicans could embarrass the White House if they persuade a number of Democrats to vote with them and, over the long term, plan to try to chip away at pieces of the law.”