OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Column: Obamacare: Soaring Costs and Lost Coverage

Statement

Date: March 14, 2012
Issues: Health and Health Care

President Obama's healthcare law hasn't been fully implemented, but it's already worse than we anticipated. A new estimate by the Congressional Budget Office (CBO) shows it will cost us $1.75 trillion over nine years--that's $900 billion more than what President Obama promised. At a time when the U.S. borrows 42 cents for every dollar it spends, this news should raise a red flag.

Remember when the President promised: "if you like your healthcare plan, you can keep it"? Sadly, neither is this true. According to the same CBO report, 4 million fewer Americans will receive employer-based health care coverage under ObamaCare.

With employer coverage decreasing, insurance premiums climbing, government healthcare expanding, and budget deficits soaring, ObamaCare's empty promises continue to grow.


Source
arrow_upward