The New Health Care Reform Law One Year Later and Getting Worse by the Day

From Congressman John C. Fleming, M.D.;

Today, on the one year anniversary since government-approved health care was signed into law, a look at the implementation of the new health care reform reveals how the legislation has failed to deliver on costs, premiums, spending, and preserving Americans’ existing coverage:

19 — States where parents can no longer buy child-only insurance policies as a result of the law

30 — States suing to block the law from taking effect, or requesting waivers from its requirements

51 — Percentage of American workers who will lose their current health coverage by 2013, according to the Administration’s own estimates

1,270 — New bureaucrats requested by the Internal Revenue Service to implement the law this year

$2,100 — Increase in individual insurance premiums due to Obamacare, according to the Congressional Budget Office

$2,500 — Premium reduction promised by candidate Obama “by the end of my first term as President”

6,578 — Pages of new regulations issued implementing Obamacare through March 14, 2011

800,000 — Reduction in the American labor force due to Obamacare provisions that “will effectively increase marginal tax rates, which will also discourage work,” according to the CBO

2,624,720 — Total individuals in 1,040 plans granted waivers thus far exempting them from the law’s insurance mandates; nearly half of whom participate in union plans

7,400,000 — Reduction in Medicare Advantage enrollment as a result of Obamacare, resulting in a loss of choice for seniors and millions of beneficiaries losing their current health plan

40,000,000 — Firms subject to the health law’s new 1099 reporting requirements, which the National Federation of Independent Business called a “tremendous new paperwork compliance burden”

$118,000,000,000 — New costs imposed on states to implement Obamacare—budgetary costs that will lead to reduced services for other state programs like education or to higher state taxes

$310,800,000,000 — Projected increase in health costs due to Obamacare, according to the independent Medicare actuary, who called its promise of lower costs “false, more so than true”

$552,200,000,000 — Amount of higher taxes Americans will pay if Obamacare remains in place

$1,390,000,000,000 — Federal spending on new entitlements during fiscal years 2012-2021 according to the CBO, a 48 percent increase from an earlier estimate

WHAT THIS MEANS FOR YOU: Even though we have seen only a few of the law’s initial provisions take effect, American families and businesses are already facing higher costs, economic uncertainty, and loss of their current coverage.