Repealing Health Care Is a Job Killer: It Would Slow Job Growth by 250,000 to 400,000 Annually

[tabatha]

The imminent effort in the House of Representatives to repeal health care reform is a major step in the wrong direction if promoting economic recovery is job one.

The new House leadership proposes to repeal the new health care reform law formally known as the Patient Protection and Affordable Care Act of 2010 and the subsequent Health Care and Education Reconciliation Act of 2010. That combined legislation guarantees health insurance coverage to all Americans and promotes significant cost reductions in public and private medical care programs. It is the culmination of 70 years of effort by Democrats and Republicans alike. A successful repeal of health care reform would revert us back to the old system for financing and delivering health care and lead to substantial increases in total medical spending. The consequences of this spending increase would be far reaching. It would hurt family incomes, jobs, and economic growth.

Repealing health reform would:
· Increase medical spending by $125 billion by the end of this decade and add nearly $2,000 annually to family insurance premiums
· Destroy 250,000 to 400,000 jobs annually over the next decade
· Reduce the share of workers who start new businesses, move to new jobs, or otherwise invest in themselves and the economy

This memo will review these effects in more detail with a particular focus on jobs.
http://www.politico.com/static/PPM182_110107_cutler.html




http://www.flickr.com/photos/speakerpelosi/5367248447

[DCKit]

1. Not if those people have the good grace to "Die Quickly" under the new (R) plan. nt