FOR IMMEDIATE RELEASE
November 20, 2013
Edwards: New Report Documents ACA’s Roll in Lowest Health Care Cost Growth Rate on Record
Washington, DC – Congresswoman Donna F. Edwards (MD-4) responded to a new report today by the Council of Economic Advisers that found the lowest health care growth rate on record. Thanks in part to the Affordable Care Act (ACA), real per capita health care spending has grown at an estimated average rate of just 1.3 percent a year since 2010 – the lowest rate on record for any three-year period.
“Today’s report by the Council of Economic Advisers highlights the important role the Affordable Care Act is playing in curbing the rise in health care costs,” said Congresswoman Edwards. “Since the ACA became law in 2010, we have seen the slowest rate of growth on record, putting individuals on track to save $1,400 a year in the next ten years. These savings are critical for families trying to make ends meet, businesses working to create jobs, and the overall strength of our nation’s economy.”
“We already know that 100 million Americans no longer experience lifetime limits on coverage, that 30 million women have access to free preventive services, and that more and more Americans are signing up for affordable, quality health care every day. We now know that the Affordable Care Act is curbing health care costs, too. Republicans should stop trying to dismantle the Affordable Care Act at every turn, and work with Democrats to strengthen a law that is working for America’s families.”