GOP Senators to Supercommittee: Repeal Health Care Reform Law

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The supercommittee tasked with reducing the U.S. budget deficit would do well to repeal President Obama’s health care reform law, as well as to significantly alter Medicare and Medicaid alike, say Republican members of the Senate Finance Committee.

In today’s release of their deficit-reduction proposals, the Finance Republicans, led by ranking member Orrin Hatch (R-Utah), pointed out that the new taxes and benefits afforded by the law will cost far more than had initially been predicted by the Congressional Budget Office (CBO).

The latter estimates that repealing the health care law would add approximately $145 billion to the deficit.

Detailed information about the GOP recommendations is slated for release on Monday at
http://www.deficitreduction.gov/public/.