Healthcare Speak Up Memo
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College Republican National Committee Speak Up on healthcare reform.
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Healthcare Speak Up Memo
- 2. among Millennials: • 60% believe that the health care plan will increase the deUicit • 45% believe the plan will have a negative impact on them personally while only 25% believe it will have a positive effect • 53% strongly favor in repealing the bill • 49% say they will vote for a candidate who favors repeal while 46% say they will support the candidate who opposes repeal President Obama and congressional Democrats underestimated young adults concern with the national debt and the economy. Many of us don’t have jobs and many more of us are looking with trepidation towards graduating into a bad economy. When young adults are pinching pennies we expect the federal government to be forced to do the same. After all, it is rare to see young adults being the Uinancially responsible ones. More than ever our generation understands the need to get this country back in the black. We understand that if the nation’s debt crisis is not solved now then it is our generation who will be the ones stuck with the tab. We understand that the tab must be paid for through either higher taxes or reduced beneUits. So when the government pushes a budget‐busting health care plan, rather than a job creation agenda, it’s easy to see why we’re concerned. Fact 2: We Want the Government to Create, Not Destroy Jobs Democrats sold health care reform as an engine for job creation. Barack Obama used his weekly radio address to say that reform will build a, “New foundation for our economy to create the good, lasting jobs and shared prosperity of tomorrow.” Nancy Pelosi went as far to put numbers behind the promise saying, “Health insurance reform is about jobs. This legislation alone will create 4 million jobs, about 400,000 jobs very soon.” Unfortunately companies feel a little differently about the effects of the health care bill. Among some recent reports of the cost of reform: • $1 billion ‐ AT&T • $100 million ‐ Prudential Financial Inc. • $150 million ‐ Boeing Co. • $150 million ‐ Deere & Company • $100 million ‐ Caterpillar This is money being directly removed from an already struggling private sector that could have been used to create jobs. American businesses are already face an uphill battle to remain competitive in the world economy due to our high cost of labor. A weekly publication by the College Republican National Committee. Copyright 2010.
- 3. Reducing proUits makes it more difUicult to hire new employees and much easier to make the decision to shift your labor to other nations. At the time when we most need to create a pro‐jobs environment the health care bill is proving to be a job killer. Fact 3: Young Adults Can’t Afford Democrats Health Care Reform The bill is also a bad deal for young adults. The AP recently reported that, Under the health care overhaul, young adults who buy their own insurance will carry a heavier burden of the medical costs of older Americans ‐ a shift expected to raise insurance premiums for young people when the plan takes full effect. Beginning in 2014, most Americans will be required to buy insurance or pay a tax penalty. That’s when premiums for young adults seeking coverage on the individual market would likely climb by 17 percent on average, or roughly $42 a month, according to an analysis of the plan conducted for The Associated Press. Young adults are healthier, and thus cheaper to insure, than older citizens. Prior to passing reform health care plans reUlected this fact in the cost of health care plans. However, the Democrats’ plan subsidizes the higher insurance costs of older Americans by mandating young adults buy more coverage than they may otherwise need. As one health care expert admitted, It’s essential that young, healthy people participate because the requirement that people have insurance “is really a mechanism for Uinancing health care reform.” The government should not view Millennials, who have been hit harder than any other age group during the recession, as a method to Uinance their plan. Although reforms do include an option to remain on your parent’s insurance to the age of 26 and some subsidies to reduce the costs the bill still has an unfair impact on young adults. Young adults want the ability to choose a plan that suits their needs at a price they are willing to pay ‐ not the government forcing them to buy a one size Uits all plan they cannot afford. Bottom Line: Health care reform is like a drug where the side effects are worse than the disease. Simply put, this is one bitter pill young adults should not have had to swallow. A weekly publication by the College Republican National Committee. Copyright 2010.