Concord - A Windham small business owner explained that health care reform will save him up to $30,000 a year, and questioned the misleading statements made today by Republican candidate for governor John Stephen, state Senator Jeb Bradley, and Republican candidates for U.S. Congress and Senate.
Scott Baetz a small business owner from Windham, was disappointed by Republican efforts to deceive Granite Staters about the significant help the new law will provide to small businesses.
"I have four employees and have personally watched my health care expenses nearly triple in the same number of years," Scott said. "Here is a fact, with my current staffing, the tax savings alone from our new law could save me up to $30,000 a year. That's real economic stimulus, putting cash back into the hands of business owners. You would think a Republican would have thought of it."
Elaine Kellerman, wife and mother of two, also expressed disbelief at the Republican rhetoric. "My family pays $1,563 a month for health insurance. It was bankrupting us," Elaine said. "Without reform, I don't know what we would have done. The benefits of this new law are beyond measure."
Elaine's husband retired at 55 due to health reasons and will benefit dramatically from the new law. She also has a son who graduated from college but hasn't been able to find a job that provides health insurance and a daughter with a pre-existing condition who now won't be denied coverage.
"These are only a couple of the thousands of people across the state that will directly benefit from this critical reform," said Derek Richer, press secretary for the New Hampshire Democratic Party. "Granite State families will also see their premiums go down by almost $3,000 over the next 6 years, Seniors will no longer be hit by the Medicare prescription drug 'donut hole,' and the new law is projected to create up to 2,000 jobs by reducing health care costs for employers."
"Republicans need to stop playing politics with this critical issue and start helping implement the new law for New Hampshire families," Richer added.
For details on how New Hampshire residents will benefit from the new law see below.
Key Benefits for New Hampshire
Provide tax credits for tens of thousands of New Hampshire small businesses to help make coverage more affordable. [HealthReform.gov, accessed 3/20/10]
Prohibit insurance companies from excluding coverage of pre-existing conditions for the 289,071 children in New Hampshire, starting this year. [U.S. Census Bureau, 1/7/10]
Close the "donut hole" and improve other Medicare benefits for 204,000 New Hampshire seniors. [HealthReform.gov, accessed 3/20/10]
Ensure affordable coverage options for nearly 150,000 Granite Staters who are uninsured and 64,000 who purchase health insurance through the individual market. [HealthReform.gov, accessed 3/20/10]
Ensure immediate access to affordable insurance options for as many as 17,582 uninsured New Hampshire residents who have a pre-existing condition. [estimate using Agency for Healthcare Research and Quality (AHRQ), 4/09 and HealthReform.gov, accessed 3/20/10]
Provide tax credits for up to 103,000 Granite Staters to help make health insurance more affordable, bringing $1.7 billion in premium and cost-sharing tax credits into New Hampshire during the first five years of the health insurance Exchange. [HealthReform.gov, accessed 3/20/10; Senate Finance Committee]
Reduce family health insurance premiums by $1,890 - $2,710 for the same benefits, as compared to what they would be without health reform by 2016. [Senate Finance Committee estimate based on CBO, 11/30/09]
Create 1,300 - 2,000 jobs by reducing health care costs for employers. [U.S. Public Interest Research Group, 1/20/10]
Allow 115,654 young adults to stay on their parents' insurance plans. [U.S. Census Bureau, 1/7/10]
Provide more federal funding for 57 Community Health Centers in New Hampshire. [National Association of Community Health Centers, 2009]