Repeal Raises Taxes on the Middle Class and Small Businesses, and Increases Our Deficit. Starting next year, 18 million middle-class families across the country the country would be denied access to a tax credit averaging $4,000 each that would make it easier to purchase health insurance. Small businesses from Pennsylvania to Louisiana would also lose access to tax credits that are already helping to provide coverage for 2 million American workers. And repeal would increase the deficit by $100 billion over the next ten years.
Repeal Returns Unchecked Power to Insurance Companies. The law has slowed the growth of premium increases by doing away with the worst insurance company abuses. Nearly 13 million individuals and families have saved an average of $150 due to a new rule requiring more premium dollars to be spent on delivering actual care instead of on overhead costs and CEO salaries. Insurance companies must also now publicly justify all premium increases of 10 percent or more. Those two provisions alone have already produced more than $2 billion in rebates for millions of Americans who are privately insured. Repealing the law would return the power of unchecked premium increases back to insurance companies in states that haven’t set up their own protections.
Repeals Denies Women Control Over Their Own Health Care. For American women in every corner of the country, repeal would bring us back to the days when simply being a woman was a pre-existing condition. Insurers would once again be able to charge women far more than men pay for the same health benefits.
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