Scott: Proud to Vote to Repeal Obamacare
Washington – Following his vote to repeal Obamacare today, U.S. Senator Tim Scott (R-SC) released the following statement:
“From destroying the 40-hour work week, to increasing premiums and deductibles for families across South Carolina and the nation, to exposing consumers’ personal data to cybersecurity risks, Obamacare has been an unmitigated disaster since it became law five years ago. That’s why I am proud to make good on my promise to vote to repeal Obamacare. While we have more work to do, I remain committed to repealing Obamacare, root and branch, because I have seen its effects on families, business and communities in South Carolina.”
Obamacare’s Higher Costs
Higher premiums– President Obama said that Obamacare would bring down premiums by $2,500 per year for the typical family. Non-partisan health research firm Avalere Health says that for 2016, the lowest-cost silver plan will increase 13 percent and the lowest cost bronze plan will rise by 16 percent, on average.
- Higher deductibles– Even HHS Secretary Burwell has acknowledged that Obamacare plans come with high deductibles. Deductibles for the lowest-cost Obamacare plans have increased from last year by almost 11 percent for individuals and 10 percent for families.
- Higher costs for states– The law forces 14 million new beneficiaries into struggling state Medicaid programs, at a cost to states of $46 billion between 2016 and 2025. States are also finding that running their own exchanges is costly and sometimes unsustainable.
- Higher taxes– According to the Congressional Budget Office, Obamacare hikes taxes by $1.2 trillion in the next decade.