Internal Documents from Members of President’s Council on Jobs and Competitiveness: Health Care Law Leads to Higher Costs, More Confusion, and Less Coverage
WASHINGTON, DC - The House Energy and Commerce Subcommittee on Oversight and Investigations today released a staff report that looks at how the health care law affects employer-provided health care coverage. The analysis, based on information provided by members of President Obama’s Council on Jobs and Competitiveness, shows that the health care law is raising costs, fostering uncertainty that impedes growth and planning, and putting pressure on employers to consider dropping employee health coverage altogether.
”The President’s Council on Jobs and Competitiveness was established to provide firsthand insight on factors affecting our economy and make recommendations on how to improve the economy and create jobs,” said Chairman Fred Upton (R-MI). “Given the massive economic implications of the health care law, it only made sense to hear from these same organizations about how the law is affecting their ability to hire, provide affordable health care coverage for their employees, and plan for the future. This analysis makes it clear that the president’s health care law impedes companies’ ability to grow by imposing burdensome mandates, taxes, and fees. To make matters worse, many of the law’s most onerous mandates have yet to be written, leaving job creators with many unanswered questions regarding how much the law will ultimately cost and how to plan for these expenses. This report echoes numerous other analyses that project the president’s health care law will actually hurt job creators by increasing costs and ultimately could lead them to drop coverage.”
Click here to view the report.