U.S. Chamber Statement on the Two-Year Anniversary of the Health Care Law

Thursday, March 22, 2012 - 8:00pm

‘It is Crystal Clear that this Law is Fundamentally Flawed,’ Says Donohue

WASHINGTON, D.C.—U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today regarding the two-year anniversary of the Patient Protection and Affordable Care Act (PPACA):

“Two years ago we were told the health care bill would have to be passed so we could find out what was in it. Two years is long enough to know that our worst predictions have come true.

“The law was supposed to bring down costs, and instead it’s driving premiums higher and increasing costs for job creators. It was supposed to preserve health care coverage for patients, and instead it limits options and will result in many patients losing their employer-based plans.  It imposes mandates and penalties on businesses that will slow economic growth and job creation at a time we can ill afford it. And the price tag for the health care law continues to climb with some estimating it will be double the initially advertised cost—a whopping $2 trillion—when all is said and done.

“The sad reality is that none of these outcomes are a surprise.

“It is crystal clear that this law is fundamentally flawed. Congress must revisit health reform by pursuing a plan that will actually control costs and improve the quality and scope of coverage.”

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.