The Supreme Court upheld a key piece of the President’s health care law. I respect the court’s role in our system of government, but Obamacare remains a terrible law. It’s led to too many people losing the coverage they had and spending more for what coverage they can get. Iowans tell me directly in town meetings and in emails and letters to my office that they don’t like the law.
Obamacare upended the whole health system instead of targeting what was wrong and fixing those problems. Now the debate returns to the Congress and next year’s presidential election. I’m committed to replacing Obamacare with health care reforms that empower consumers, drive down costs, and use marketplace incentives to make health care coverage accessible and affordable.
The current majority in Congress is committed to repealing Obamacare and replacing it with effective reforms driven by the marketplace, not the heavy hand of government. Here’s just one example of how Obamacare disrupted what worked before in Iowa and elsewhere: Farmers and small business owners used to be able to help their employees buy health insurance. They did that by reimbursing employees, pre-tax, for the cost of health insurance the employees purchased on the individual market.
Under Obamacare, that arrangement is no longer allowed. Employers who use it are subject to a $100 a day per employee penalty. After outcry about this little-known penalty, the IRS decided not to impose the penalty right away. Now, June 30 is the last day for penalty relief. After that, the small businesses that aren’t in compliance will start incurring the penalty. I’m introducing bipartisan, bicameral legislation to stop this and restore something that worked well before Obamacare. There was no reason to disrupt it, just as there was no reason to disrupt the many other pieces of our health care system that worked well before a flawed law came along.