Obamacare's Lost Jobs

Floor Speech

Mr. PITTS. Mr. Speaker, last year we were told that ObamaCare would create 400,000 jobs ``almost immediately.'' We were further told that in the coming years, ObamaCare would create 10 times that amount, 4 million jobs. A year later, we see that those promises are truly hollow.

In his testimony before the House Budget Committee, CBO Director Elmendorf confirmed that the new health care law will reduce unemployment by 800,000 jobs by the end of the decade. ObamaCare will take away the current insurance plan for millions of Americans, especially those who buy in the individual market or who are in a Medicare Advantage plan. All of these people were promised, ``if you like it, you can keep it.''

On the campaign trail, the President said he would save every American family $2,500 a year. Now we know that some American families will be paying an additional $2,100 a year. How can the Congress stand for this? The only sensible option is to fully repeal ObamaCare and put forward better solutions that don't destroy jobs and health care--real reform for health insurance.

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