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New Study Shows Even Higher Costs Of ObamaCare

Thursday, March 31, 2011 | Comments () | Permalink

Obamacare is now over a year old, and every day we learn more about just how bad this law is. Today, Senators John Cornyn and Orrin Hatch released the results of an analysis they commissioned last fall from the Center for Medicare and Medicaid Services' (CMS) Office of the Actuary (OACT). It paints an even bleaker picture of what this law will cost taxpayers, and it shines more light on Obama's false claims that Americans could keep the health coverage they already have.

From the OACT Analysis:

When combined with the new Medicaid spending, OACT found that the total costs of the new health law could reach $1.56 trillion just through 2021.

Additionally, OACT's sensitivity analysis found that:

  • If just 50 percent of employers drop coverage, an additional 13.9 million Americans would lose their employer sponsored insurance, despite the President's repeated promises that Americans could "keep what they have."
  • Under OACT's original estimates, taxpayers would spend $45 billion for benefits that employers were already providing on their own.
  • Additionally, OACT found Medicaid spending will be far higher than initially estimated: $410.3 billion (2010-2019) to $725.3 billion (2010-2021).

I signed the Club for Growth's Repeal It pledge because we can't afford this job-killing health care bill.

Stand with me in fighting this law, which is raising insurance premiums, hiking taxes, adding to our debt, and reducing our quality of care.

Sign our petition today to tell Washington we want to repeal Obamacare and pass real reform that will reduce health care costs and stop abusive lawsuit practices.

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ObamaCare Turns 1

Wednesday, March 23, 2011 | Comments () | Permalink

ObamaCare was signed into law one year ago today. Rest assured I do not believe this is cause for celebration.

The massive and wide-reaching law is already taking a disastrous toll on our economy despite the fact that it hasn't even been fully implemented yet.

Families across Texas and all of America are confronted with rising premiums, fewer coverage options and the uncertainty of whether they will get to keep their current coverage -- that's all before the individual mandate kicks in and the IRS forces every American to buy only the insurance the federal government considers acceptable.

We can't afford ObamaCare!

The health care law will also kill more than 800,000 jobs over the next decade and erode the ability of our job creators to grow our way out of this recession. Our very ability to compete in the world economy is at risk as a result of ObamaCare's new job-killing regulations and tax increases.

There are too many problems with ObamaCare to even try to fix it. That's why I believe we must repeal this law that's a threat to our liberty and our nation's fiscal future.

Will you stand with me today in calling for the repeal of ObamaCare?

To mark the first anniversary of ObamaCare today, I'm signing the Club For Growth's Repeal It pledge to remind conservatives we must take legislative action to stop this law:

"I hereby pledge to the people of Texas upon my election to the U.S. Senate, to sponsor and support legislation to repeal any federal health care takeover passed in 2010, and replace it with real reforms that lower health care costs without growing government."

Please sign our petition to repeal ObamaCare today.

Thanks for all that you do.

Tom

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