On March 10, 2015 Senator Harry Reid of Nevada asked for and was granted permission to address the United States Senate for a few minutes regarding the cost of healthcare in America:
“Mr. President, all over the country today in newspapers and electronic media there is a story. I will just pick one of them out from the front page of the Washington Post today. The headline reads: “CBO: Health law will cost less than expected.” It says: “President Obama’s health-care law will cost taxpayers substantially less than previously estimated, congressional budget officials said Monday, in an upbeat note for a program that has faced withering criticism since its passage five years ago.”
I would just note here that the opposition has come from my Republican colleagues in the Senate and the House. They voted 67 times to repeal it in the House. Of course, each time it has failed.
Continuing on in this article, it says:
The nonpartisan Congressional Budget Office attributed the savings to spending on medical care in coming years that will not be as great as previously forecast. As a result, the agency said, insurers are not expected to charge Americans as much for coverage, and the government will save on subsidies for low- and moderate-income people.
What’s more, the CBO has concluded that companies are not canceling health insurance policies as often as had been anticipated earlier this year. Fewer Americans consequently are planning to sign up for insurance under the Affordable Care Act, generating more taxpayer savings.
In total, the health-care law will cost taxpayers ….. 11 percent less over the next decade than estimated in January. The cost of providing subsidies for people to buy insurance on the state and federal marketplaces–the centerpiece of the law–will be 20 percent lower than projected.
The article goes on and on about the good things that are happening with health care in America.
CBO: Health law will cost less than expected.” It says: “President Obama’s health-care law will cost taxpayers substantially less than previously estimated, congressional budget officials said Monday, in an upbeat note for a program that has faced withering criticism since its passage five years ago.”
I would just note here that the opposition has come from my Republican colleagues in the Senate and the House. They voted 67 times to repeal it in the House. Of course, each time it has failed.
Continuing on in this article, it says:
The nonpartisan Congressional Budget Office attributed the savings to spending on medical care in coming years that will not be as great as previously forecast. As a result, the agency said, insurers are not expected to charge Americans as much for coverage, and the government will save on subsidies for low- and moderate-income people.
What’s more, the CBO has concluded that companies are not canceling health insurance policies as often as had been anticipated earlier this year. Fewer Americans consequently are planning to sign up for insurance under the Affordable Care Act, generating more taxpayer savings.
In total, the health-care law will cost taxpayers ….. 11 percent less over the next decade than estimated in January. The cost of providing subsidies for people to buy insurance on the state and federal marketplaces–the centerpiece of the law–will be 20 percent lower than projected.
The article goes on and on about the good things that are happening with health care in America.”
Source: Congressional Record
See video: Peter’s Story: How the Affordable Care Act and CHP Changed His Life https://www.youtube.com/watch?v=VhRr-MWMC8w
See video: Thank you, President Obama! Thank you, Obamacare! You saved my son’s life! https://www.youtube.com/watch?v=91VtG0bqZwk
See related video: ObamaCare Saved My Life – The Truth – 7.1 million – Affordable Care Act https://www.youtube.com/watch?v=UNUCydnwNrI
See video: Survivor Weeps As He Hears Republican Plan to Kill Obamacare, ‘It Saved My Life!’ https://www.youtube.com/watch?v=m9cMKAIG_zc
See video: Caller: Obamacare saved my mom a Bundle! https://www.youtube.com/watch?v=6d2RCqSNHeU