BigNews.Biz - Jul 25,2013 - Lee: ObamaCare is "Unaffordable and Unfair"
WASHINGTON — Senator Mike Lee (R-UT) delivered remarks regarding the need to withhold funding for ObamaCare, saying that no appropriations bill or continuing resolution should fund further implementation of the law. “It is fundamentally unfair for President Obama to exempt businesses from the onerous burdens of his law, while forcing American families and individuals into Obamacare’s unsound and unstable system,” said Senator Lee.
The full text of Senator Lee’s remarks is available below:
Two weeks ago, while most Americans were busy getting ready for the Fourth of July holiday, the Obama Administration made a stunning announcement about the president’s signature legislative achievement, the Affordable Care Act.
The president admitted to the American people that because Obamacare was so poorly crafted, he was delaying the enforcement of the employer mandate and would not assess fines and penalties to big companies that did not provide insurance to their employees.
The president explained that businesses could not handle “ the complexity of the requirements,” and that government bureaucrats would spend the next year simplifying the reporting rules so companies could comply.
I expected that in the next paragraph he would acknowledge that American families also deserved relief because, as polls consistently reflect, they have very big problems with the requirements, as well. They have concerns about the government-run health care scheme, known as “the exchanges.” Henry Chao, the chief technical officer in charge of implementing the exchanges, has said, "I'm pretty nervous . . . Let's just make sure it's not a third-world experience."
American families also have very grave concerns about how much Obamcare is going to add to the national debt. The CBO now estimates that the cost to taxpayers over the next ten years will be $1.8 trillion.
Young Americans are particularly concerned about Obamacare because it is becoming clear that they will see the highest increase in premiums. One study published in the magazine of the American Academy of Actuaries shows that middle- and low-income single adults between 21 and 29 years old will see their premiums rise by 46% even AFTER they take the Obamacare subsidy.
A joint report by Republicans on the House Energy and Commerce, Senate Finance, and Senate HELP committees that looked at over 30 different studies concluded that “Recent college graduates with entry-level jobs who are struggling to pay off student loan debt could see their premiums increase on average between 145 and 189 percent. Some studies estimate young adults could experience premium increases as high as 203 percent.” In my state of Utah, premiums for young people will jump anywhere from 56 to 90 percent.
As I read the statement from the Treasury Department, I was shocked to find no mention of these people. Parents, families, students, employees, taxpayers and other hardworking Americans were totally left out, along with THEIR “concerns about the complexity of the requirements.”
A senior advisor to the president took to the White House blog to spin the Administration’s announcement. She