President Vetoes Bill to Repeal Obamacare

Date: January 11, 2016

Opponents Vow to Continue Fight Against Burdensome Healthcare Mandate

In what the Washington Post characterized as an effort to “beat back any threat to the centerpiece of his domestic legacy,” President Obama on Friday vetoed a Republican-led bill that would have repealed Obamacare. The New York Times, saying the eighth veto by Obama had been expected, added that the need for the move “shows” that almost six years after its enactment, Obamacare “remains one of the most divisive political issues” of his presidency. The Huffington Post reported that in his veto message to lawmakers, Obama wrote: “Republicans in the Congress have attempted to repeal or undermine the Affordable Care Act over 50 times. Rather than refighting old political battles by once again voting to repeal basic protections that provide security for the middle class, members of Congress should be working together to grow the economy, strengthen middle-class families, and create new jobs.”

What This Means For Small Business

The President’s veto of the measure to repeal Obamacare flies in the face of Congressional support to scrap a mandate that has been detrimental to small businesses across the US. As NFIB president and CEO Dan Danner said to CNBC, “Without fundamental change, the law will continue to drive up costs and make providing coverage more complex.” CNBC pointed out that NFIB research published in November indicated that “63 percent of small-business owners reported higher premiums between July 2014 and 2015.” Danner said of Obamacare, “Small business owners fought the law all the way to the Supreme Court and will continue to support its repeal and replacement.”

Additional Reading

The New York Times reported on concerns of health insurance companies over rising costs associated with Obamacare.

Note: this article is intended to keep small business owners up on the latest news. It does not necessarily represent the policy stances of NFIB.

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