Tags: Healthcare Reform | Editor's Pick | hatch | Obamacare | repeal | economy

Hatch: Obamacare Must be Repealed to Boost Economy

Monday, 22 Aug 2011 07:54 AM

By Greg McDonald

Utah Sen. Orrin Hatch, citing an independent survey on rising costs to businesses, said Friday Obamacare repeal must be “on the table in any discussions to jump start the nation’s lagging economy.”
The top Senate Finance Committee Republican said it was “critical” to the nation’s economy that President Barack Obama shift his focus from preparing a new job stimulus plan to ending the overhaul of the nation’s health care system. 
“The partisan health law is an assault on Americans individual liberty … It’s an also an assault on our economy and on our job creators, as this survey of employers demonstrates,” Hatch said, referring to the survey released Friday by the National Business Group on Health, which membership includes many of the top Fortune 500 companies.
The survey found that healthcare benefit costs are expected to rise about 7.2 percent next year under the health law and that two-thirds of the cost increases in premiums would be passed on to employees. The survey of 83 of the nation’s largest corporations was conducted in June.
“The President announced that he’s preparing a so-called jobs plan that will include more stimulus spending,” Hatch said. “I’d suggest he stop the spending and turn to his job-killing, budget-busting health law instead. This $2.6 trillion law must be on the table in any discussion about reviving our weak economy.”

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