Jason Smith on Failed Obamacare and the Lower Premiums for All Americans Act

Obamacare's Failures in Lowering Costs

• 🎯 Obamacare, also known as the Affordable Care Act, has failed to lower health care costs for Americans over the past decade.
• 📈 Premiums have increased by over 80% since its passage, contradicting its name and promises.
• ⚠️ The Government Accountability Office (GAO) confirmed significant waste, fraud, and abuse within the system.
• 👻 A GAO investigation found that 100% of fictitious applicants with fake documentation were accepted, and 90% remained subsidized a year later.
• 💀 The GAO also identified over 58,000 enrollees matching social security numbers with death records, including individuals deceased before enrollment.

Proposed Solution: Lower Premiums for All Americans Act

• 💡 The Lower Premiums for All Americans Act offers a different approach focused on real relief and affordability.
• 🤝 It provides more freedom and flexibility through choice arrangements, enabling small businesses to offer tax-free benefits.
• 🚀 This levels the playing field for small businesses, with 83% of those using choice arrangements offering coverage for the first time.
• 💊 The bill also mandates transparency for pharmacy benefit managers, requiring them to open their books to increase competition and negotiate better drug prices.

Contrasting Approaches to Healthcare

• 📉 Obamacare has driven costs up and choice down for Americans.
• ✅ The proposed act aims to lower health care costs and premiums for all Americans, not just a small percentage.
• 👨‍👩‍👧‍👦 Support for the bill is urged to stand with families, workers, and small businesses who deserve an affordable and accountable health care plan.