I rise to address two subjects briefly on the floor and would ask that my remarks be divided appropriately in the Record. There has been a lot said about the Affordable Care Act on the floor of this Chamber for 5 years. I was here when we…
I rise to address two subjects briefly on the floor and would ask that my remarks be divided appropriately in the Record.
There has been a lot said about the Affordable Care Act on the floor of this Chamber for 5 years. I was here when we passed the Affordable Care Act. I am in the Senate as it is being implemented.
There have been lots of things said about it, but this year marks one of the things we need to recognize as a major hit to small business. Bernie Marcus, a founder of Home Depot and the former chairman and CEO, opined yesterday in the Wall Street Journal about the cost of ObamaCare to American business, a hidden tax that has been unveiled on the American people, the American ratepayer, and the American small business person.
A tax assessment of $8 billion in 2014 is being levied by the Affordable Care Act against every insurance company that sells to the small- and medium-sized market, to every insurance company that sells a Medicare Advantage policy or a Medicare managed care policy. The 2014 assessment is $8 billion, and it graduates up to where in 2018 it is $14.3 billion. That assessment is an arbitrary amount of money that was used as a pay-for in the ObamaCare legislation.
It is assessed on the insurance companies based on their market share of the insurance market in small- or medium-sized carriers, Medicare Advantage, and Medicaid managed care plans. It represents about a $500- per-year rate increase on every one of those policyholders, because as we all know when an insurance company has the added cost to the administration of their policy, that cost is obviously passed on to the consumer; $500 a year is $5,000 in the next decade. It also represents over the next decade the loss, as estimated by the CBO and NFIB, of 146,000 jobs.
Let's think for a minute. The main topics we have had this year in the Senate of the United States is income inequality, the need to lower unemployment, and the need to create jobs. Yet the signature piece of legislation of this administration is going to cost us because of a new tax being levied against insurance companies that provide health insurance to the American people, and it is going to cost 146,000 jobs. It is another example of how we need to rethink the approach of the Affordable Care Act.
We have to recognize all the things it has done from the standpoint of taxes, cost, lost jobs, and lost wages. Reform that legislation, repeal that legislation, and get it right for the people of the United States of America.
I commend Bernie Marcus on bringing this to the people's attention. I commend him on all he has done for my State and for our country, and I hope he will keep on giving us his opinion for what is best for the United States of America.
I ask unanimous consent to have printed in the Record a column written and published yesterday in the Wall Street Journal by Mr. Bernie Marcus, cofounder, former chairman, and CEO of Home Depot.
America was insulted earlier last month by the Iranian people. The government of the nation of Iran has appointed a new Ambassador to the United Nations.
The new Ambassador's name is Hamid Aboutalebi. He will be an Ambassador to the U.N. who served on the ground in the Iranian forces who took the American Embassy hostages in 1979, captured 52 Americans, and held them for 444 days--a man who claims he was just an innocent bystander and didn't have much to do with that horrible tragedy. If you were alive at that time and watched the ``Nightline'' shows night after night to watch the beatings, the torture, the terror, and the capture of the American people, you understand full well that nobody could have been within sight of that Embassy and not claim to be a part of it.
My State has been touched. Almost every State of the Union has been touched. Those hostages who were held--right up until the time Ronald Reagan was sworn in as President--were finally released at the last minute when the U.S. Government waived their right to compensation against the nation of Iran.
The nation that held 52 of our diplomats hostage for 444 days signed an agreement never to have to pay any reparation to those people and is now appointing to the United Nations, the world forum, an ambassador who was on the site in Tehran when those people were taken captive. It is an insult to America.
First and foremost, the Government of Iran should apologize; second and foremost, the Government of Iran should compensate all of those hostages who had been held. Fifty-two hostages were held and 25 percent of them have passed away. One of them, as recently as late last year, took their own life as a consequence of the injuries they suffered.
One of the citizens from my State, Col. Chuck Scott of Jonesboro, GA, was on television just 2 nights ago about the tragedy in Iran. His teeth were knocked out by a 2 by 4 during his captivity. He is going back for another surgery in another week to try to remedy some of the pain he harbors from that tragedy that took place 34 years ago.
It is an insult to everything the United Nations stands for, to the integrity of the people of the United States of America, and the memory of those who passed and those who lived who were held hostage. We should demand this appointment be withdrawn by the Iranian Government. We should demand an apology on behalf of the Iranian Government to the people of United States of America, and we should demand that they voluntarily compensate those hostages.
They are not going to do that, and I know that, which is why we introduced legislation, which I principally sponsored 3 years ago, to compensate the 52 hostages who were held in captivity from 1979 until 1981. It is a shame beyond belief that 52 Americans who were held hostage are the only Americans in the same circumstance who have not been compensated for the damages perpetrated upon them.
I hope a vehicle comes through the floor of the Senate where we can attach this. Senator Kerry, while he was chairman of the committee and now Senator Menendez, who is now the chairman, and Ranking Member Corker have all embraced our concept of seeing to it that we fight to see that recompense is finally made to those hostages who were captured from 1979 to 1981.
We have a great and compassionate country, and we owe them and their families every effort to see that the nation of Iran compensates them and they are in some way paid back for the terrible tragedy that was perpetrated upon them.
But first and foremost, Iran needs to know that this U.S. Senator, and I think every U.S. Senator, realizes the affront to the American people and the insult to the United Nations that Iran is perpetrating by making this appointment as Ambassador of their country today.
I yield back the remainder of my time, and I suggest the absence of a quorum.