Nine of 23 Obamacare co-ops, including Tennessee’s, have now failed, at a cost of nearly $1 billion for taxpayers. States have spent $5.5 billion federal taxpayer dollars to build state exchanges with little to no oversight. Now, with the failures of those state exchanges, what are the plans for those “loans” to be repaid? All of these recent findings are making the disastrous HealthCare.Gov roll out look like a speed bump.
H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act guts the law with the most infamous misnomer – the Affordable Care Act. This bill repeals the individual mandate, the employer mandate, the Cadillac tax, the medical device tax, ends auto-enrollment, and ends the public health slush fund. H.R. 3762 is a net tax cut, net spending cut, and reduces the deficit. This is a win-win-win solution to gut Obamacare so we can replace it with patient-focused reforms that provide access to affordable health care for all Americans.
Additionally, H.R. 3762 places a one year moratorium on the funding of Planned Parenthood while Congress completes its investigation of the practices of the abortion industrial complex. I am pleased to be leading the new Select Investigative Panel at the Committee on Energy and Commerce to review medical procedures and abortions business practices. No issue is more deserving of our undivided attention than protecting the dignity of human life.