The fact is that ObamaCare is already more expensive than anticipated by merely trying to fix the failed website. Beyond that, the Federal government is squarely on the hook for billions of dollars in unprojected expenses. Expenses that are needed to bail out those insurers who are losing money because not enough young people are signing up, and the bailout only gets larger as more and more people who need and want insurance are forced into Obamacare.
Now, a recent Congressional Budget Office (CBO) report states that Affordable Care Act will add another trillion dollars to our deficits by 2021; just 7 years from now. This report also claims that 2.3 million workers will lose their jobs because of the President and Democrat's health care reform.
References:
ObamaCare's Insurance Company Bailout: http://nypost.com/2014/01/27/obamacares-insurance-company-bailout/
ObamaCare and Deficits: A Reality Check: http://money.cnn.com/2013/10/28/news/economy/obamacare-deficits/
CBO: O-Care will cost 2.3M workers: http://thehill.com/blogs/on-the-money/budget/197365-cbo-o-care-slowing-growth
1 comment:
Post a Comment