Conservative Think Tank Says Repeal of Health Reform Provisions Would Spur Growth
November 12, 2010
Source: The Hill
The conservative National Center for Policy Analysis calls for repealing several provisions of the healthcare reform law as part of a new brief on measures that Congress can take to spur the economy.
Eliminating the requirement that people buy insurance would help because the provision will increase labor costs, the group says; NCPA estimates the required minimum insurance coverage mandated by the law will cost $2.28 an hour for individual coverage and $5.89 an hour for family coverage - even though the mandate starts in 2014 and federal regulators haven't defined the minimum benefit package yet.
NCPA also wants to eliminate the penalties on larger employers that don't offer coverage.
The think-tank also wants to repeal the Medicare tax increases on people who make more than $200,000 a year.