On The Two Year Anniversary Of ObamaCare, NRSC Fact Checks Kaine & Obama’s Job-Killing Healthcare Law

NRSC Launches New Web Video

Two years ago today – with the help of Democrat National Committee (DNC) Chairman Tim Kaine who was a fierce supporter of Barack Obama’s job-killing healthcare bill – President Barack Obama signed his $1.76 trillion job-killing healthcare bill into law.  The National Republican Senatorial Committee (NRSC) has released a web video reminding Virginians of the broken promises from ObamaCare.

Chairman Kaine specifically promised the healthcare bill would reduce healthcare costs for millions of people, but since this legislation has been signed into law, costs have risen by 9 percent and the average premium has risen by $1,300. 

Meanwhile, Kaine and his fellow Democrats claimed the healthcare bill would cost $940 billion, but recently the non-partisan Congressional Budget Office released a report that found ObamaCare would actually cost $1.76 trillion.   

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Notably, this bill is also killing thousands of jobs in Henrico, Richmond, Norfolk and across the state of Virginia.

“DNC Chairman Tim Kaine promised Barack Obama’s healthcare bill would lower the cost of healthcare, but today Virginians are paying more for healthcare than ever before,”  said National Republican Senatorial Committee (NRSC) spokesman Brian Walsh.  “Between the job-killing taxes, the intrusive federal mandates and the raiding of Medicare funds, it’s clear Tim Kaine misled Virginians about the true effects of his government-run healthcare plan.”

BACKGROUND …

Since The Signing Of ObamaCare Healthcare Costs Have Increased

BLOOMBERG:  “The average cost of a family policy climbed 9 percent in 2011 to $15,073, according to a poll of 2,088 private companies and state and local government agencies by the Henry J. Kaiser Family Foundation in Menlo Park, California, and the Chicago- based American Hospital Association’s Health Research and Educational Trust.” (Jeffrey Young, “Health-Benefit Costs Rise Most In Six Years,” Bloomberg, 9/27/11)

WALL STREET JOURNAL:  “[In 2011], the health-insurance premiums employers pay rose sharply this year, with the average annual cost of family coverage passing the $15,000 mark for the first time, according to a major survey.” (“Employer Health Premiums Rise Sharply,” The Wall Street Journal, 9/27/11) 

WALL STREET JOURNAL: “The average annual family premium for 2011 was $15,073, up from $13,770 last year.” (“Employer Health Premiums Rise Sharply,” The Wall Street Journal, 9/27/11)

Meanwhile The CBO Has Increased The Price Tag Of ObamaCare To $1.76 Trillion

FOX NEWS:  The Congressional Budget Office has extended its cost estimates for President Obama’s health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive — twice as much as the original $900 billion price tag.  (Jim Angle, New CBO health law estimate shows much higher spending past first 10 years, Fox News, 03/14/12)

And The Bill Is Hurting Businesses In Virginia

Virginia’s Norfolk Southern Corp. Took A $27 Million Charge For New Health Care Costs. “Norfolk Southern Corp. has announced it will pay about $27 million more in expenses for the first quarter of the year as a result of federal health care legislation signed last month. ‘Under the new legislation, to the extent the corporation’s future health-care drug expenses are reimbursed under the Medicare Part D retiree drug subsidy program, the reimbursed expenses will no longer be tax deductible after 2012,’ the company stated in a filing Monday with the Securities and Exchange Commission” (Robert McCabe, “Norfolk Southern To Pay $27M More After Health Care Bill,” The Virginian-Pilot, 4/8/10)

Richmond, VA-Based Brink’s Took A $14 Million Hit From ObamaCare. “The Brink’s Company, a global leader in security-related services, reported a first-quarter loss from continuing operations of $5 million ($.10 per share) versus income of $22 million last year ($.48 per share). Results include an income tax charge of $14 million ($.28 per share) related to recently enacted U.S. healthcare legislation.” (The Brink’s Company, “Brink’s Reports First-Quarter Results,” Press Release, 4/29/10) 

RICHMOND BIZSENSE:  “Wayne sale, the owner of a Henrico-based medical supply distributor Health First who heads up a national trade group that opposes the tax, says he expects manufacturers to pass the cost to him.” (“Health-Care Reform Brings New Taxes,” Richmond BizSense, 3/29/10)

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