Today the House of Representatives plans to vote on repealing the
Affordable Care Act, landmark health reform legislation that President
Obama signed into law last March.
My White House colleague Stephanie Cutter explains the harmful effect
repeal would have on the nation’s economy – and your own pocketbook –
in our latest White House White Board video:
President Obama is willing to work with Democrats and Republicans to
improve the Affordable Care Act, but we can’t afford to go backward.
It’s fair for all of us to ask, “What does health reform mean to me?”
– particularly if you already have insurance you like.
Without the health care law, we would return to the days when
insurance companies could deny, limit or cap your care. Insurance
companies could continue to place lifetime limits on coverage even if
you need it, increase premiums without any accountability or recourse
for consumers, and deny children health care due to pre-existing
Under the law, families will pay less for their insurance premiums
than they would if the law is repealed. An insurance company that
tries to implement an unreasonable premium increase will be forced to
publicly justify it. And your premium dollars will go further thanks
to a provision of the law that requires insurance companies to spend
at least 80 percent of your premium dollars on your health care,
rather than executive compensation and advertising.
Health reform is about much more than protecting American consumers –
it also boosts the American economy, lowering costs and creating jobs.
And since the health care law was passed last year, our economy has
created over 1 million private sector jobs and has grown at an average
annual rate of 2.7 percent. There’s a lot more work to be done, but
repealing the Affordable Care Act would be a step backward for our
In fact, Harvard economist David Cutler estimates repeal would cost us
between 250,000-400,000 jobs per year, which means millions of new
jobs lost over the next decade.
As conversations about health reform bubble up in news shows and at
water coolers over the coming days, I hope you’ll find this
information helpful. Everyday we’re working hard to implement this
important legislation, and we will certainly keep you updated with our
Director of the White House Office of Health Reform