Wednesday, March 24, 2010

Vitter Amendment (#3553) on Obamacare Repeal

Senator Vitter has offered an amendment (#3553) stating in toto that “The Patient Protection and Affordable Care Act, and the amendments made by that Act, are repealed.”
Arguments in Favor
  • The health law imposes more than $500 billion in job-killing tax increases, and reduces Medicare spending by another $500 billion in order to fund a new entitlement program.
  • The Administration’s own actuaries have concluded that the law will RAISE health costs, and the Congressional Budget Office found that the law, in conjunction with the reconciliation bill, would raise the federal budgetary commitment to health care by $390 billion in their first ten years.
  • The Congressional Budget Office also found that the law would raise premiums in the individual market by an average $2,100 per family.
  • At a time when our nation faces record deficits, spending $2.6 trillion to create new programs that would raise health care spending for the public and private sectors alike, while also raising premiums for struggling families.