- The Department of Health and Human Services reports that the law will increase health care spending by more than $300 billion.
- A new government report from Rick Foster, the chief actuary of the Centers for Medicare and Medicaid Services (CMS), finds that the new bill will cost $828 billion over the next decade -- while saving only $577 billion.
- The Associated Press reports that nearly four million Americans will have to pay a new penalty of more than $1,000 per year for not getting health insurance when the bill kicks in.
Tuesday, April 27, 2010
The Health Care Bill's Real Tab
We've Been Swindled
Broken Promises Are No Way to Govern America
Talk about the classic bait-and-switch.
Remember when the White House promised the new health care bill would control "runaway costs" and not add "one dime" to the deficit?
As we predicted, experts -- some within the president's own administration -- are now singing a different tune.
We were promised lemonade. We got a trillion-dollar lemon, instead.
And now they want to force through a budget that adds more federal spending and increases our deficit to over 80% of our economy?
No, thank you.
Click here to email Congress to tell them to stop the spending, rein in the deficits, and start from scratch on a responsible budget for America.
In the coming weeks, when they tell you their budget will cut the deficit, remember what they told us about the health care bill.
Broken promises are no way to govern a country. We simply can't afford them anymore.
Senior Vice President and National Political Director
U.S. Chamber of Commerce