Wait on health insurance exchanges, experts tell committee

Wait on health insurance exchanges, experts tell committee

Two vastly different analyses of the Patient Protection and Affordable Care Act were presented to a Florida Senate committee Tuesday.

Jonathan Gruber, professor of economics at theMassachusetts Institute of Technology, said the federal law is based on one implemented in his state in 2007.

“A colleague said the Affordable Care Act is RomneyCare with a few more zeroes, that is true,” Gruber said. He told the panel when universal coverage was implemented the cost of insurance went down and the law is now supported by two-thirds of residents.

However, Michael Cannon, the Cato’s Institute’s director of health policy studies, said the ACA depresses economic activity, eliminates jobs and makes access to care less secure.

“Repealing the Patient Protection Affordable Care Act is essential to making health care better, more affordable and more secure,” said Cannon.

The two faced off at a meeting of a Senate Select Committee on PPACA.

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