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Sen. Johnson: We Are Headed for National Bankruptcy
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Sen. Ron Johnson, (R-Wis.), on the impact of mounting costs of the health-care law.
- Duration 2:09
- Date Mar 22, 2012
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Sen. Ron Johnson, (R-Wis.), on the impact of mounting costs of the health-care law.
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Well joining us now to talk about those waivers the secretary's -- is the cost of obamacare.
And the pending Supreme Court case next week senator Ron Johnson member of the appropriations and budget committees.
And senator great to have you with -- -- -- Turning to the secretary are you surprised that she didn't have a direct forthright answer for -- How I was.
Actually shocked when she said what waivers and he flew she's the only person Washington the they can actually sign the waivers.
So I would say her her -- answers -- were disingenuous driving -- -- way to put it.
This this CBO numbers on the president's.
Or obamacare.
This thing now reaching one point seven trillion dollars the numbers appeared to be likely to go much higher than that right.
What were we headed here he said that premiums would be -- that health care costs would be the last.
We know the Kaiser Family Foundation points out that family premiums are actually rising.
Almost as much as he said they would decline by the final year of his presidency.
Or we're heading from national bankruptcy and answers -- problem.
-- and you mentioned the the CBO Auschwitz in terms of the number of employees that lose their their health care coverage.
Obamacare totally changes the equation for employers -- in the past.
Employers care about who -- -- the people who work with them that they're not gonna drop coverage expose their employees to financial risk.
But our -- -- they're they're looking at in 2016 -- 20000 dollars for family coverage or -- 2000 dollar penalty.
-- -- exposing employees do financial risks they're making -- eligible for huge subsidies 101000 dollars but there household income was 64000 dollars so.
Our concern is actually we had forty senators.
Thomas Sanders signed a letter to us CBO director element are asking him to please store.
The possibility.
What what happens is McKinsey study is right and thirty to 50% of employers drop coverage -- -- -- 48.
-- to eighty million -- -- employees individuals losing their coverage pullback cross federal government I think the American people have a right to know that.
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