The Affordable Care Act will increase the budget deficit by $6.2 trillion over the next 75 years, says Alabama Sen. Jeff Sessions, the ranking Republican on the Senate Budget Committee.
He spoke at a Budget Committee hearing Tuesday, taking his numbers from a new Government Accountability Office (GAO) report to show that Obamacare won’t shrink the deficit as its supporters claim.
"The report reveals the dramatic falsehoods that were used to push [the bill] to passage," Sessions said, according to The Hill
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"The big tax increases in the bill come nowhere close to covering the bill's spending . . . The big-government crowd in Washington manipulated the numbers to get the financial score they wanted to get their bill passed and to increase their power and influence."
The Obama administration uses estimates from the Congressional Budget Office (CBO) to argue that Obamacare will indeed cut the deficit. In January 2011, CBO forecast that overturning Obamacare would increase deficit spending by $230 billion.
Meanwhile, Peter Roff, a contributing editor to U.S. News & World Report, writes that the healthcare law isn’t working out like it was supposed to.
“Costs are projected to go up, the number of people who have already lost their insurance has risen precipitously, and states are already beginning to warn they are facing a shortage of qualified doctors and other medical personnel, and may not be able to keep up with future demand,” he writes.
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