Wednesday, March 21, 2012

CBO Report: 'Obamacare' More Costly than Promised

Nancy Pelosi said Congress had to pass Obamacare to know what was in it.  Almost two year later we are beginning to know more about what is in it and what it will really do. Now we know:

  • The notion that Americans have the option to stick with their health care plans has proven false.
  • Up to 20 million people could actually lose their employer-provided health insurance. 
  • Instead of cutting a family's insurance premiums by $2500,  health insurance premiums are actually expected to increase by 10 to 13 percent.
  • Instead of reducing the deficit as promised, it will add $54 billion to the deficit in the first 10 years.

Read more about it here and see the below link to the CBO Report for a more detailed report on the likely impact of Obamacare.
 Estimates of the Effects of the Affordable Care Act on the Number of People Obtaining Employment-Based Health Insurance

For additional bad news about how Obamacare will raise taxes, restrict the use of Health Saving Accounts, penalize marriage, restricts religious liberty and expands government, read this: The 10 Terrible Provisions of Obamacare You May Not Have Heard Of.

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