WASHINGTON, Aug. 3, 2011 /PRNewswire-USNewswire/ -- The Partnership for America called on Congress' newly created "Super Committee" today to repeal and replace the President's health care law as a first step towards achieving its task of making large reductions in government spending.
According to James Wootton, chairman of Partnership for America, "Substantial additional savings could be achieved if the 'Super Committee' were to propose repealing the Patient Protection and Affordable Care Act and replacing it with a less costly plan – a move that could make reaching critical deficit-cutting goals far easier."
Partnership for America's Policy Director James C. Capretta said: "We are in the process of working with stakeholders to design a common-sense, market-based replacement for PPACA that will cover the most vulnerable Americans with secure coverage at a cost that is hundreds of billions of dollars less over a ten year period than what Congress passed in 2010."
Former Congressional Budget Office Director Doug Holtz-Eakin has estimated that PPACA could actually cost $2 trillion over the next decade rather than the approximately $1 trillion originally estimated because of substantial employer dumping of currently covered workers. CBO's estimates of savings from repeal might not reach such a level, but the country's creditors and financial-rating agencies would certainly welcome the reduced risk of explosive entitlement cost growth.
"Huge cuts in federal programs, especially from defense and programs helping low income Americans, could be avoided with genuine health care reform instead of the expensive federal takeover now in current law," Wootton said. "The 'Super Committee' and other lawmakers should take the next few months to investigate the true impact of PPACA on the federal debt and move aggressively to replace PPACA with a far less costly way of addressing the very real problems facing the American health system."
Partnership for America is a new, grassroots organization dedicated to finding solutions to public policy problems that are consistent with our nation's founding principles.
For more information on Partnership for America, please visit www.partnership4america.org.
SOURCE Partnership for America