Reed: White House Report Finds Two-Thirds of Small Businesses will See Obamacare Premium Increases
Even the latest Obamacare report from the White House shows insurance premiums will increase for 11 million workers, something Rep. Tom Reed says is just the latest in a long string of cost-raising Obamacare consequences. The Administration’s Centers for Medicare and Medicaid Services (CMS) released a report Friday finding two-thirds of small businesses – eleven million workers – will see premium increases because of Obamacare, something Reed says undermines the President’s central argument for his health care law.
“This latest report out of the White House itself is further confirmation Obamacare is hurting take-home pay for workers and making it even harder for small businesses to add jobs,” Reed said. “Obamacare’s premium increases for small business employees come on top of the affects we’re hearing from around the district on employees’ hours being cut and the threat of more businesses cutting coverage because of the President’s health care law. The ‘affordable coverage’ promised under Obamacare is quickly proving false and even the White House can’t ignore its law’s destructive consequences.”
The Obama Administration released the damaging report late Friday afternoon with no public announcement and more than two years late. The report required under the 2011 Budget Control Act was supposed to be completed within 90 days of the law’s enactment.
“Seeing the Administration delay this information so damaging to millions of American workers is not fair and not what Americans should come to expect from its Administration,” Reed continued. “The Administration needs to be held accountable and care for Americans struggling under its health care law, not ignore its ill-effects.”
Friday’s CMS report comes in direct contradiction to the Administration’s claim that Americans would see their health care premiums go down by as much as $2,000 under Obamacare.
The complete CMS report can be found here.