Washington doesn’t have a revenue problem — it has a spending problem. To illustrate just how serious the problem is, below you will find a chart prepared by House Republicans that shows how dramatically our national debt has increased over the past 4 years.
Also in this newsletter, you will find links to a couple of articles that have appeared this week regarding the Medical Device Tax and costs of Obamacare.
Please share this newsletter with your friends and family via email using the “Tell a Friend” form in the right sidebar, and follow me on Facebook, Twitter, and Pinterest. Visit my website, ellmers.house.gov, for more information from Washington and the Second District.
Spending is the Problem
Click on the image below for easier viewing::
In the News
Study predicts Obama healthcare law will raise premiums on young adults
The Hill Newspaper
Young adults will see higher health insurance premiums under the Affordable Care Act (ACA) because of a provision that links prices for older and younger patients, according to a new study.
Actuaries at management consulting firm Oliver Wyman predicted the law’s age rating restrictions could mean a 42 percent hike in premium costs for people aged 21 to 29 when they buy individual coverage.
“This means that close to 4 million uninsured individuals … can expect to pay more out of pocket for single coverage than they otherwise would, even given the availability of premium assistance,” study authors wrote.
A Tax Even Chuck Schumer Hates
The New York Post
Among the five new ObamaCare tax hikes that kicked in Jan. 1, one in particular is attracting opposition from both Republicans and Democrats: the tax on medical devices.
Last month, 18 Democratic senators and senators-elect (including New York’s own Sens. Charles Schumer and Kirsten Gillibrand) wrote Majority Leader Harry Reid, asking him to delay implementation of this 2.3 percent excise tax on the sales of everything from pacemakers to tongue depressors. The House already voted to repeal the tax, which is projected to extract as much as $29 billion from medical-device firms.
There’s a reason that lawmakers from both parties are looking to scrap the tax: It will cost many Americans their jobs, stifle innovation and lower job-creation in the sector.
Click here to read the rest of the article which appeared in the January 7 edition of the N.Y. Post.
Reminder – New Asheboro District Office Address:
Asheboro, NC
222 Sunset Avenue, Suite 101
Asheboro, North Carolina 27203
Phone: (336) 626-3060
Fax: (336) 629-7819