Tags: Healthcare Reform | tommy thompson | obamacare | taxes | hhs

Former HHS Secretary Thompson: Expect Tax Hikes to Fund Obamacare

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

By Greg Richter   |  

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.

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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.
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