Former HHS Secretary Thompson: Expect Tax Hikes to Fund Obamacare

Image: Former HHS Secretary Thompson: Expect Tax Hikes to Fund Obamacare

Tuesday, 12 Nov 2013 06:14 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Considering the lack of young, healthy people signing up for health insurance under Obamacare, former Health and Human Services Secretary Tommy Thompson says there is only one likely solution to fund the program: more taxes.

"It's going to collapse unless they find a way to fund it. I don't see how financially this thing can support itself," Thompson said in an interview that was to air at 8 p.m. ET Tuesday on Fox Business Network's "Cavuto." 

"[Obamacare] is based upon some assumptions that are based upon quicksand," Thompson said.

Thompson, who served under President George W. Bush, said increased taxes are the only funding option available.

"The young people are going to be paying more in order to subsidize people like myself and my age category, and the young people are just not going to do that," Thompson said.

Thompson wouldn't say whether he thinks the woman who currently holds his former position, Kathleen Sebelius, should be forced from office over the botched Obamacare rollout.

"I don't think that is up to me to say," he said. "I think she's got a lot of problems, and I think she needs to try to find a way to solve some of these problems."

Not only are people finding it hard to log into HealthCare.gov to sign up, many are angry at President Barack Obama for promising they could keep insurance plans they like. That promise hasn't held true.

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Admiral: World Getting Dangerously 'Numb' to NKorean Missile Advances

Tuesday, 29 Jul 2014 17:22 PM

The admiral in charge of U.S. forces in the Pacific says North Korea may be lulling the world into largely accepting its . . .

Danny Danon: Obama Yelled at Netanyahu in Demand for Ceasefire

Tuesday, 29 Jul 2014 17:15 PM

President Barack Obama "yelled" at Benjamin Netanyahu during a tense phone conversation as he demanded that the Israeli  . . .

AP-GfK Poll: Majority Says Send Illegals Home ASAP

Tuesday, 29 Jul 2014 16:53 PM

For nearly two months, images of immigrant children who have crossed the border without a parent, only to wind up in con . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved