Dr. Boozman's Check-up
Obamacare: Soaring Costs and Lost Coverage
Mar 14 2012
President Obama’s healthcare law hasn’t been fully implemented, but it’s already worse than we anticipated. A new estimate by the Congressional Budget Office (CBO) shows it will cost us $1.75 trillion over nine years—that’s $900 billion more than what President Obama promised. At a time when the U.S. borrows 42 cents for every dollar it spends, this news should raise a red flag.
Remember when the President promised: “if you like your healthcare plan, you can keep it”? Sadly, neither is this true. According to the same CBO report, 4 million fewer Americans will receive employer-based health care coverage under ObamaCare.
With employer coverage decreasing, insurance premiums climbing, government healthcare expanding, and budget deficits soaring, ObamaCare’s empty promises continue to grow.