Cross-posted from the Treasury Department's blog.
This week the House will vote on a bill to repeal the Affordable Care Act (ACA) of 2010. Repeal of the Affordable Care Act would deny 32 million uninsured Americans access to health insurance. Repeal would mean children with pre-existing conditions could once again be denied coverage, young adults would be thrown off their parents’ policies, and the chronically ill who have already enrolled in pre-existing condition insurance plans would have their coverage cancelled. This would be a major setback for the tens of millions of people affected and would harm economic growth as a result.
Repealing the Affordable Care Act would be bad for business and bad for the economy. We are at a crucial stage of the economic recovery. While the private sector has expanded payrolls for 12 straight months, the unemployment rate remains at an unacceptable level. Given where we are, we must do things that help bolster the recovery, and repealing the Affordable Care Act would be a step in the wrong direction.
The ACA helps businesses and the overall economy by eliminating hidden costs that currently contribute to higher health care premiums charged to businesses and the government. For example, health care costs for the uninsured are currently passed on through higher premiums to those to those who pay for health insurance – an estimated cost of an additional $1,000 per worker with family coverage each year. Expanding health insurance coverage to nearly 95 percent of Americans will help to bring down premiums by removing this added cost.
Fonte: White House