U.S. Sen. John Cornyn, R-Texas, today issued the following statement in advance of tomorrow's three-year anniversary of Obamacare (March 23):
"There won't be champagne and celebrating at the White House on this third anniversary of Obamacare, and believe it or not, they can't blame the sequester on this cancelled party. Three years after it was enacted and a year away from its full implementation, there is nothing to celebrate about the President's signature health care overhaul law.
"With almost every report they've issued, non-partisan budget scorers have disproved some of the biggest promises President Obama made to sell his unpopular plan. Premiums are going up, individuals are losing their current health care plans, and the law's price-tag continues to skyrocket.
"The President gambled on Americans having short-term memory when it comes to their hard-earned money and health care for their families, but it was a bad bet. Three years after enduring the worst economy since the Great Depression, Americans are paying closer attention to their bottom line than ever. I will continue working to get rid of this failed trillion-dollar experiment and replace it with common-sense reforms to truly bring down health care costs and give consumers greater flexibility over their health care decisions."
The Congressional Budget Office (CBO) predicts 7 million Americans will lose their current employer-sponsored health care plan under Obamacare.
CBO also projects that non-employer family premiums will increase another $2,100 after a bulk of the law's mandates go into effect.
CBO and the Joint Committee on Taxation (JCT) estimate that Obamacare includes more than $1 trillion in new taxes. Of these 21 new taxes, 12 directly violate the President's pledge to shield individuals under $200,000 and families under $250,000 from tax increases.