Cornyn Cosponsors Bill to Repeal Obamacare

Statement

U.S. Senator John Cornyn (R-Texas) cosponsored a bill introduced by Senator Jim DeMint (R-South Carolina) that fully repeals the Democrats' government health care takeover that President Obama signed into law on March 23, 2010.

"A clear majority of Texans and people across America stated loud and clear in November that they did not want Obamacare," said Senator John Cornyn. "This bill fully repeals the health care takeover, takes away important personal heath decisions from Washington bureaucrats, and puts them back in the hands of the American people where they belong. I urge my Democrat Senate colleagues to follow the resounding call of our public and quickly pass this bill."

* Leading Economists project that ObamaCare will add roughly $500 billion in new health care taxes, passing those costs to patients and will raise the federal budget deficit by more than $500 billion over the next 10 years and by nearly $1.5 trillion in the following decade.
* According to the Congressional Budget Office, ObamaCare will increase health care costs to families by $2,100 per year.
* The Heritage Foundation estimates that the economy will lose 670,000 jobs under the new law, many of them in the health care industry.
* An American Action Forum study finds that employers will be forced to drop employer-sponsored health care coverage for as many as 35 million Americans.
* An analysis from HSA Consulting Services concludes the new law restricts the use of Health Savings Accounts (HSAs) and reduces the amount of money that can be contributed to Flexible Savings Accounts (FSAs).
* As of Dec. 3, 2010, 222 waivers from ObamaCare's annual limit requirements had been granted to businesses, labor unions, and insurers, affecting 1.5 million enrollees.
* On Dec. 13, 2010, a U.S. district court ruled that it is unconstitutional for the government to impose an individual mandate to buy health insurance.

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