Mr. SMITH of Nebraska. Mr. Speaker, I rise today in support of the Republican health care bill. The nonpartisan Congressional Budget Office estimates the Republican alternative will decrease health insurance premiums up to 10 percent. Compare that to Speaker Pelosi's government-controlled health insurance plan, which CBO estimates will have higher premiums than those currently available in the private health insurance market. Higher premiums than currently available.
The medical liability reform Republicans are offering will reduce health care costs for Americans by $54 billion over 10 years by reducing junk lawsuits. This, again, according to the CBO. What's more, the Republican alternative will reduce the deficit by $68 billion without increasing taxes by one red cent. We have a clear choice--$700 billion in new taxes, 118 new bureaucracies and higher health care costs or the Republican bill which will take meaningful steps toward the true health care reform that we know we need.