Wednesday, February 5, 2014

Another Obama Broken Promise On Health Care Reform

We all know, now, that contrary to the President's promises, you are more apt to see higher costs than cost reductions for your health care.  Also, in direct contradiction, you are likely to lose both your insurance and your doctor.  However, another failed promise is firmly in progress and not being talked about.  That is that ObamaCare wouldn't add one dime to the deficit:

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:

Arun Venkatesh said...
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