Obamacare At Five: Costing Jobs, Raising Taxes, Causing Premiums To Skyrocket

HARRISBURG — Republican Party of Pennsylvania Chairman Rob Gleason released the following statement regarding the fifth anniversary of ObamaCare.

“Five years ago today, President Obama signed the largest tax increase in American history into law,” Gleason said. “President Obama and Congressional Democrats lied to the American people when they said that if you liked your doctor, you could keep your doctor. Instead, for the past five years Americans have lost their jobs, paid higher taxes, and watched premiums skyrocket due to Obamacare.

“I’m proud of the work Republicans such as Senator Pat Toomey and our 13 Republican members of Congress have done to stand up for health care freedom.

“Five years ago, President Obama chose to turn Obamacare from an awful bill into a disastrous law. As Pennsylvanians, we will continue to voice our strong opposition to Obamacare and encourage all of our fellow citizens to hold any remaining elected officials who supported the bill accountable in future elections.”

FIVE YEARS LATER: Obamacare Is Costing Jobs…

The Medical Device Tax has already cost 33,000 U.S. jobs. (Tom Howell, “ObamaCare medical device tax led to loss of 33,000 jobs, report says,” Washington Times, 2/23/2014)

The medical device industry in Pennsylvania includes 177 companies that employ 22,000 people, and support a total of 80,000 jobs. (Colby Itkowitz, “Medical device industry absorbing Obamacare tax so far,” Allentown Morning Call, 8/19/2013)

Raising Taxes…

ObamaCare has 21 tax increases, and raises taxes by more than $1 trillion. (“ObamaCare Tax Increases Will Impact Us All,” Tax Foundation, 3/5/2013, Accessed 5/20/2014)

And Causing Premiums To Skyrocket

PricewaterhouseCoopers reports that, under Obamacare, Pennsylvania’s Individual Market Insurance premiums increased by an average of 10.5% — with some even increasing by 20.1%! (“A Look At State ACA Participation And 2015 Individual Market Health Insurance Rate Filings,” PriceWaterhouseCoopers, 2/25/2015)