A New Report Sheds Light On Effects Of Health Care Takeover

Floor Speech

A New Report Sheds Light On Effects Of Health Care Takeover

BREAK IN TRANSCRIPT

(Ms. FOXX asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)

Ms. FOXX. Mr. Speaker, we got some interesting news from the Obama administration's own number crunchers last week. Though it comes as no surprise to those who opposed the government takeover of health care, which became law last month, we learned that this takeover increases national health care spending by $311 billion. Plus, the Federal actuaries reported that 18 million taxpayers will be socked with $33 billion in fines for not purchasing government-approved health care.

In direct contradiction to President Obama's promise of, if you like your plan, you can keep it, the report stated that half of the 14.8 million seniors who enjoy Medicare Advantage will be forced to leave the program due to lower benefits. That means about 20,000 in my district alone will likely lose their plans.

Too bad we didn't have this detailed report before the government takeover became law, but as the saying goes: Better late than never.

BREAK IN TRANSCRIPT

Source