The costs of Congressman Erik Paulsen’s plan to repeal health care reform includes millions of Americans seeing their health care costs spike year after year after year. According to a report from the White House Council of Economic Advisors, health care cost inflation is at its lowest point in half a century because of the Affordable Care Act but Congressman Paulsen would repeal it and take us back to the day where insurance companies could do whatever they want to raise costs.
Congressman Paulsen would undo protections that stop insurance companies from gouging families with unjustified rate increases and that prevent insurance companies from spending patients’ premiums on big bonuses for their executives instead of care for families. In fact, Americans have already saved more than $5 billion over the past two years because the Affordable Care Act requires insurance companies to rebate consumers if they spend less than 80 percent of premiums on their care. This year alone, 8.5 million Americans will receive an average of $100 because of the rebates – Congressman Paulsen wants to eliminate them.
Congressman Paulsen’s repeal plan is even more tone deaf than ever, ending those savings and protections, and skyrocketing costs for families instead.
“Family budgets are squeezed tighter and tighter every day, but Congressman Paulsen would repeal the Affordable Care Act and send health care expenses through the roof once again,” said Emily Bittner of the Democratic Congressional Campaign Committee. “Instead of working to improve the law and bring even more savings to the people of Minnesota, Congressman Paulsen has voted over and over to send us back to a broken to system of out-of-control health care inflation that gave insurance companies free rein to jack up rates at the expense of middle class families.”