House Chamber, Washington, D.C. January 18, 2011.
M. Speaker:
The central promises of Obamacare were that it would bend health costs down and wouldn’t threaten existing plans.
We now know that both these claims were false.
The CBO warns that this law will increase average private premiums by $2,100 within five years above what they otherwise would have been without Obamacare. The administration’s own actuary admits that the law bends the cost curve up – not down – by $311 billion over the next ten years.