7/29 @ 10:00 AM ET | GOP Leadership Press Conference - WATCH LIVE HERE

In a letter to Rep. Paul Ryan (R-WI), the ranking Republican on the Budget Committee, the non-partisan Congressional Budget Office (CBO) confirmed that ObamaCare will lead to increased prescription drug prices – affirming yet again what Republicans have been saying all year long: Obamacare will increase Americans’ health care costs, not decrease them as promised by President Obama.  Specifically, the CBO found that:
  • “[The] increase in prices would make federal costs for Medicare’s drug benefit and the costs faced by some beneficiaries slightly higher than they would be in the absence of those provisions…”
  • “The legislation also imposes an annual fee on manufacturers and importers of brand-name drugs. CBO expects that the fee will probably increase the prices of drugs purchased through Medicare and the prices of newly introduced drugs purchased through Medicaid and other federal programs by about 1 percent. Those increases will be in addition to the ones described above that stem from the new requirements for discounts and rebates.”
  • “The premiums of drug plans will increase along with the increase in net drug prices, so the premiums paid by beneficiaries will increase slightly.”
The President said in his news conference yesterday that “I think we’d be misreading the election if we thought that the American people want to see us for the next two years relitigate arguments that we had over the last two years.”  The President went on to say, “Now, if the Republicans have ideas for how to improve our health care system, if they want to suggest modifications that would deliver faster and more effective reform to a health care system that has been wildly expensive for too many families and businesses and certainly for our federal government, I’m happy to consider some of those ideas.”

Well Mr. President, Republicans do have better solutions when it comes to health care.  In fact, the GOP proposed the only health care bill that the CBO found would actually reduce the cost of health care.  But the first step in fixing our broken health care system is repealing ObamaCare.   As the New York Times reported today:
At a news conference at the Capitol, the likely speaker, Representative John A. Boehner of Ohio, and the Senate Republican leader, Mitch McConnell of Kentucky, both said they wanted the health care law repealed and replaced.

I believe that the health care bill that was enacted by the current Congress will kill jobs in America, ruin the best health care system in the world and bankrupt our country,’ Mr. Boehner said. ‘That means that we have to do everything we can to try to repeal this bill, and replace it with common-sense reforms that will bring down the cost of health insurance.’ Earlier in the day, Mr. Boehner called the health care law a ‘monstrosity.’
Republicans have listened to Americans, and offered better solutions in the Pledge to America.  The Pledge to America calls for repealing ObamaCare and replacing it with real reforms, including: enacting medical liability reform; granting consumers the freedom to purchase coverage across state lines; expanding Health Savings Accounts; strengthening the doctor-patient relationship; ensuring access for those with pre-existing conditions and permanently prohibiting taxpayer funding of abortion.  Republicans have repeatedly called for immediate enactment of the Pledge, and will continue standing with the American people to stop the devastating impact ObamaCare is having on U.S. workers and their employers.