NRSC - NH Taxpayers Continue To Foot Bill For Hodes' Extreme Agenda In Washington

Hodes’ Broken Promise On Health Care Costs, Failure To Regulate Fannie, Freddie, Slams Granite State Taxpayers

WASHINGTON – Two new reports reveal that New Hampshire’s families and job creators continue to pay a massive price for embattled U.S. Representative Paul Hodes’ (D-NH) extreme partisan agenda in Washington—including “sharply higher” health care costs and hundreds of billions of dollars in new bailouts.

Yet again, voters are reminded of Hodes’ broken promise that his costly, unpopular health care overhaul would lower costs as CNN reports that “Employees' share of premiums for a family plan is up an average 14%, to $3,997, vs. just a 3% rise in the total bill, according to the Kaiser Family Foundation. And it's not just premiums that are spiraling higher. You're also likely to be hit with higher deductibles and out-of-pocket maximums as well as bigger bills for doctor's visits and drugs.”

And Granite State families and small businesses will once again be forced to pay for massive bailouts in the wake of Hodes’ politically-motivated decision not to include government-run mortgage giants Fannie Mae and Freddie Mac in his financial regulation bill.  The Washington Post reports that “The federal bailout for Fannie Mae and Freddie Mac could more than double in size during the next three years, according to projections from the companies' federal regulator. Fannie and Freddie… will likely need at least another $73 billion and perhaps as much $215 billion from taxpayers in the next three years to meet their financial obligations, the Federal Housing Finance Agency said.”

“Hodes promised his massive health care overhaul would lower costs, but today New Hampshire families are being slammed with huge 14 percent premium hikes.  And because Hodes and his party bosses played partisan politics with financial regulations, Granite State taxpayers are now on the hook for billions more in bailouts,” said National Republican Senatorial Committee (NRSC) Press Secretary Amber Marchand.  “Today’s reports prove once again that New Hampshire simply cannot afford more of Paul Hodes’ extreme partisan agenda in Washington.”