Scholars argue against repealing reform law

Repealing the healthcare reform law would cause “needless economic harm,” a group of 272 academics wrote to influential House panels on Wednesday.

Further, repeal would “set back efforts to create a more disciplined and more effective health care system,” wrote the group, which includes several Nobel laureates, former members of the Council of Economic Advisors and former Congressional Budget Office Chief Alice Rivlin.

“Rather than undermining health reform, Congress needs to make the Affordable Care Act as successful as it can be,” the letter reads.

Arranged by the liberal Center for American Progress, the letter was sent to the House Ways and Means Committee and the Budget Committee before they opened hearings on the reform law Wednesday morning. The letter also comes a week after the American Action Forum (AAF) wrote a letter, signed by hundreds of conservative scholars, arguing against the reform law.

“We believe the [law] is a threat to U.S. businesses and will place a crushing debt burden on future generations of Americans,” the AAF letter read.