Washington, D.C. – Last night, the nonpartisan Congressional Budget Office (CBO) released its score of the House Republican health care plan, reporting that it will reduce health care premiums by up to 10 percent and lower federal budget deficits by $68 billion over the next ten years. Meanwhile, the Pelosi Health Care Bill will cost taxpayers $1.3 trillion.
“In hearing and heeding the American people,” said U.S. Representative Thaddeus McCotter, “House Republicans have proposed sensible, affordable and helpful reforms to advance patient-centered wellness that will empower working families to reduce the costs, increase the quality and maximize the choices regarding their health care."
NOTE: In a letter delivered last night to House Republican Leader John Boehner, CBO estimated that the GOP health care plan would reduce average private health insurance premiums per enrollee in the United States relative to what they would be under current law. Specifically:
· For the small group market (generally businesses with 2 to 50 employees), the GOP plan would reduce premiums in 2016 for example by seven to 10 percent.
· For the individual market, the GOP plan would reduce premiums in 2016 by five to eight percent.
· For the large group market, the GOP plan would reduce premiums in 2016 by zero to three percent.
U.S. Representative Thaddeus G. McCotter is Chair of the Republican House Policy Committee and serves the 11th congressional district of Michigan.