Senator Chuck Grassley believes Congress should start from scratch on healthcare reform because the current legislation being pushed by the majority party fails to take on rising healthcare costs and premiums, but instead gives $400 billion in direct payments to insurance companies.
Senator Grassley (R-Iowa) notes that even though healthcare costs are increasing at an unsustainable rate, especially for people buying insurance through an individual policy, the pending healthcare legislation that could be pushed through Congress in the next few weeks would make health insurance premiums go up even more than they already are."That's not according to Chuck Grassley, that's according to the Congressional Budget Office," the senator clarifies. "On top of that, the healthcare bills passed by the House and Senate, and now the president's version of those bills, would give $400 billion in direct payments to the insurance industry. That's money for insurance payments that [is] taken from tax increases and from Medicare cuts." The Iowa lawmaker adds that the insurance industry benefits from the bill becoming law because it mandates that every American buy health insurance and creates a new entitlement program that pays subsidies directly to health insurance companies to buy health insurance -- two things President Obama opposed when he was running for office.
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