$1.058 trillion in new taxes, five million insurance cancellations
Elizabeth Harrington
The Washington Free Beacon
4/1/2014
Sens. Tom Coburn (R., Okla.) and John Barrasso (R., Wyo.) released a new report Tuesday evening highlighting Obamacare’s failures, including forcing millions of Americans off their health insurance plans and adding $1 trillion in new taxes.
The senators, both of whom are physicians, followed up on three previous reports dating back to July 2010 that warned of the dangerous side effects of the health care law…
…The pair cites a report from the American Action Forum that found that insurance premiums are rising in all 50 states by an average of 202 percent.
According to Congressional Budget Office (CBO) estimates, Obamacare is also adding $1.058 trillion in new taxes, including $317.7 billion in payroll taxes, a $111.0 billion tax on “Cadillac” high cost plans, and $55 billion for those who do not abide by the individual mandate.
Some of Coburn’s and Barrasso’s predictions are still developing since portions of the law have been delayed numerous times. For instance, because the employer mandate was delayed until 2017, its impact on jobs is not yet clear…
…Democrats continue to argue that Obamacare is “settled law” and only needs tweaking, though Democratic National Committee Chairwoman Debbie Wasserman Schultz is silent on how…
The complete article is at The Washington Free Beacon.
Also at the site, AP: It’s Political Suicide for Democrats to Run on Obamacare in 2014 (video)
Mark Udall on Obamacare Vote: ‘I Would Do It Again’
Related: Jay Carney Gloats over Dubious “7 Million Enrolled Number”; Rumors Swirl over Study Showing Less than 1 Million were Uninsured and have Paid a Premium (video)
Here is a smug, arrogant, and petty Barack Obama claiming victory simply because they announce a dubious enrollment number of 7.1 million. Obama declared the fight over repeal of ObamaCare is “over,” and said ObamaCare is “here to stay.”
Well, Barack Obama doesn’t get to declare anything is “over.” In fact, the battle has only begun. ObamaCare is a disaster of epic proportions, and no amount of happy-talk will change the reality of higher premiums, less access to doctors and hospitals, higher deductibles, and one broken Obama promise after another. As the impact of ObamaCare in the lives of American families becomes more and more evident, the battle to get rid of this disastrous law will only grow stronger.
Update: Sen Ted Cruz Weighs in on Obamacare, Energy & Whether He Got a Tattoo
Update 2: ‘The debate over repealing this law is over’: Obama boasts 7.1 MILLION have signed up to Obamacare – but study shows just 858,000 newly insured Americans have paid up! at The Daily Mail
- President took a major victory lap and took political shots at Republicans, but ignored shortcomings in his administration’s official numbers
- Press secretary Jay Carney will only say ‘we’re aggregating a lot of data’ when asked how many enrollees have paid for coverage
- Carney dodged questions about damning study that showed very few Obamacare customers were uninsured before the law took effect
- Percentages from a hush-hush RAND Corporation study suggest barely 858,000 previously uninsured Americans have enrolled and paid premiums
- HHS Secretary Sebelius met a televised challenge Monday about ‘unpopular’ Obamacare with lengthy awkward silence
