Obamacare was not a gamble we could afford?
Rep. Lois Capps (D-Santa Barbara) referred to her vote for Nancy Pelosi’s Obamacare as a “big gamble”
How did what was supposed to be their biggest public policy achievement turn into such a public policy disaster?
The warning signs were there.
On one hand, President Barack Obama was labeling this as a “reform” bill that would “bring down premiums” and make “health care more affordable.” He forcefully said that “if you like your plan, you can keep it.”
Well, two years later, the American people have discovered what was in the bill:
● $2.6 trillion: The true cost of Obamacare once fully implemented (Source: Congressional Budget Office [CBO])
● $575 billion: Medicare cuts in Obamacare (Source: Centers for Medicare and Medicaid Services [CMS])
● $525 billion: Taxes raised in Obamacare (Source: CBO)
● $401 billion: Increase in federal entitlement spending from Obamacare (Source: CBO)
● $145 billion: Cost of Obamacare cuts to Medicare Advantage (Source: CMS)
● $4.5 billion: Tax on retirees’ prescription drug plans (Source: JCT)
● 78 million: Americans forced to find other sources of health insurance (Source: Kaiser Health News)
● 6 million: Retirees that will lose prescription drug coverage (Source: CMS)
It’s clear that this was a gamble that the American people couldn’t afford.
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