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Health care unreformed

At the same time that out-of-pocket costs will be driven up, overall costs for healthcare in the U.S. will also rise. According to the same April report, the law will increase health spending by $311 billion over the next ten years.

The President has done his best to promote the supposed benefits of the bill. Unfortunately, the parts of the law he has been promoting only help a relatively small number of Americans.

Much has been made of the new tax credits to help small businesses purchase coverage for their employees. The reality is that only 12 percent of small businesses actually qualify for the credit.

Those that do qualify for the credit will be forced to stay within strict boundaries. If they hire too many employees, or increase wages too much, the credit will go away and they will either have to bear the full costs or pay a tax penalty for not providing insurance.

There are good things in the law, ideas that both parties agreed on. Starting this fall, young people under the age of 26 will be able to stay on their parents’ plan. In fact, many insurance companies are already extending coverage.

Much of the law won’t be implemented until 2014. There is time to do things better, to construct a bipartisan plan that all Americans can have confidence in. I don’t expect the current Congressional leadership to consider changes to the law, but I’m still working with my colleagues on real health reform that expands choices and lowers costs without government micromanagement.

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