|Sponsor||Rep. Young, Todd|
|Committee||Ways and Means|
|Date||July 17, 2013 (113th Congress, 1st Session)|
|Staff Contact||Kimberly Betz|
On July 17, 2013, the House will consider H.R. 2668, the Fairness for American Families Act. H.R. 2668 was introduced on July 11, 2013 by Representative Todd Young (R-IN) and has 23 cosponsors.
H.R. 2668 delays for one year the requirement that individuals purchase approved health coverage as set forth in Section 1501(b) of the Patient Protection and Affordable Care Act.
On March 23, 2010, the Democratic House and Senate passed, and the President signed into law, the Patient Protection and Affordable Care Act. The legislation passed by a vote of 219-212 (see Roll Call #165). Later on March 25, 2010, the Democratic House and Senate passed, and the President signed into law, H.R. 4872, the Health Care and Education Reconciliation Act of 2010, which passed by a vote of 220-207 (see Roll Call #194). Among other things, the law requires that most individuals obtain health insurance or pay a penalty tax in the amount of $95 for 2014, $325 for 2015, and $695 for 2015 and beyond. Individuals are expected to purchase healthcare coverage either through insurance exchanges through which individuals and families will receive taxpayer-funded premium subsidies, Medicaid, or employer sponsored coverage.
As the October 1, 2013 enrollment date and the January 1, 2014 implementation date approach, the evidence that PPACA will have significant consequences on patients, our nation’s healthcare system, taxpayers, job holders, job creators, individuals, families, and the economy continues to grow. On July 2, 2013, the Department of Treasury announced that it would delay the employer reporting requirements for an additional year. On July 5, 2013, the Department of Health and Human Services issued a 606-page draft final rule in which it delayed the requirement that exchanges verify the employer-insurance status of applicants for one year and required exchanges to employ only random sampling – not comprehensive sampling– of income eligibility as it relates to premium subsidies.
Among the many additional implications that Congress has highlighted, the Ways and Means, Education and Workforce, and Energy and Commerce Committees have identified the following: the190 million hours per year that American families will be forced to spend complying with PPACA’s requirements; the likelihood that seven million people will lose their employer based insurance; the increase in health insurance premiums by as much as 400 percent for individuals and 100 percent for the small group market; the $716 billion cuts to Medicare; the $628 billion expansion of Medicaid to mostly childless adults, the 159 new government boards, including IPAB, and the 800,000 job losses that CBO anticipated.
Key Points and Dates on Healthcare:
Higher Costs and Taxes
More Government, Higher Costs
Higher Costs/Lost Coverage/Lost Jobs/Employer Mandates
Decrease Access/Weakened Safety Net
 The Health Care and Education Reconciliation Act of 2010 amended certain provisions of PPACA through the reconciliation process.
 See Section 1501(b).
 See Sections 1311, 1411, 1511, and 2001.
 See House Committee on Energy and Commerce: Obamacare 101.
CBO has not yet produced an estimate. However, in a letter to Chairman Camp, CBO indicates on a preliminary basis that enacting H.R. 2668 would have the effect of reducing the deficit in 2014 and over the 2014-2023.
For questions or further information contact the GOP Conference at 5-5107.