Pelosi: Repealing Obamacare Would Do ‘Very Serious Violence to the National Debt'

January 5, 2011 - 11:30 AM

Nancy Pelosi

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington, Wednesday, Nov. 17, 2010, after being re-elected as the leader of the House Democrats. (AP Photo/Susan Walsh)

(CNSNews.com) - Rep. Nancy Pelosi (D-Calif.) said Tuesday that repealing Obamacare would do "very serious violence to the national debt and deficit."

As enacted, Obamacare requires all Americans to have a government-approved health insurance plan and provides federal subsidies to all individuals and families earning up to 400 percent of the poverty level to purchase health insurance. 

“If everyone in America was very, very pleased with his or her health insurance and had no complaints, and had access to quality affordable health care in our country, it still would have been necessary for us to pass the health-care reform bill because we could not sustain the system,” Pelosi said on Tuesday.

That is because Obamacare is a money saver, she argued.

“So to say that we are going to repeal it, is, just as has been said by my colleagues, it is to do very serious violence to the national debt and deficit," said Pelosi. "So for what it means for personal security and what it means for fiscal security to our country, you can’t just say, ‘I like the palatable parts of this but I don’t want the structural change that is required.’”

Pelosi made her comments at her last news conference as speaker of the House in the 11th Congress. (The new Congress--and a new speaker--is scheduled to be sworn-in today, Jan. 5.)