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VIDEO: Schumer Admits Obamacare Will Increase Health Care Costs

Posted By Rob Bluey On May 3, 2013 @ 3:50 pm In Obamacare | Comments Disabled

It’s been a rough week for Obamacare. First came President Obama’s laughable defense of the health-care law [1], then news spread about an outcry from local leaders in Minnesota [2] worried about the soaring costs of the “Affordable” Care Act. The New England Journal of Medicine released a study Wednesday undermining the left’s central argument for expanding Medicaid [3].

If that wasn’t enough, now even liberal Senator Chuck Schumer (D-NY) has admitted that health care costs could “go through the roof [4]” in part because of Obamacare (emphasis added):

Our insurance department is empowered to protect families and we’re going to watch them like a hawk to make sure they do, because if they don’t, these rates could go through the roof … It’s in part because of Obamacare, but health care costs have been going up in double digits for years and years and years. The good news is in this bill, there’s a way to stop it.

Schumer’s comments follow the much-publicized remarks from Senate Finance Chairman Max Baucus (D-MT), who called Obamacare a “train wreck [5]” before announcing his plans to retire.


Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2013/05/03/video-schumer-admits-obamacare-will-increase-health-care-costs/

URLs in this post:

[1] laughable defense of the health-care law: http://blog.heritage.org/2013/05/01/morning-bell-president-says-obamacare-is-going-great/

[2] outcry from local leaders in Minnesota: http://watchdog.org/82487/mn-counties-brace-for-not-so-affordable-care-act/

[3] undermining the left’s central argument for expanding Medicaid: http://washingtonexaminer.com/landmark-study-shatters-liberal-health-care-claims/article/2528671

[4] go through the roof: http://freebeacon.com/schumer-health-insurance-rates-could-go-the-through-roof-because-of-obamacare/

[5] train wreck: http://blog.heritage.org/2013/04/18/dem-senator-obamacare-a-train-wreck-coming/

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