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Ask Peter: ObamaCare Will Add $6.2 Trillion to the Debt, Our Budget Repeals It

Press Release

Location: Washington, DC

Chief Deputy Whip Peter Roskam (R-IL) released the latest installment of Ask Peter today, a frequent video conversation with Sixth District residents about issues important to them. In this segment, Congressman Roskam answers an email from James George in Cary who is concerned about runaway federal spending. The House GOP just passed a responsible budget that addresses our imploding debt. One way it does that is by repealing ObamaCare, which is said to add $6.2 trillion to the debt.

"Most importantly, [our budget] repeals ObamaCare. Look, ObamaCare has raided $700 billion out of Medicare. It now is likely to force as many as $20 million people off of their current insurance programs. And, most importantly, it's going to mean that $2,400 is going to be foisted on each family in the United States as they are going to see their premiums rise. So we can do better; it's important that we do better."

On its third anniversary, let's take a look at ObamaCare by the numbers:

Adds $6.2 trillion to our debt: A recent GAO report said Obama is likely to implode our already staggering $16.7 trillion debt by $16.2 trillion.

20 million people forced off current health plan: A CBO study projects as many as 20 million Americans could no longer have their current employer-based coverage by 2019.

Family premiums increase by $2,400 annually: A CBO report estimated that insurance coverage will go up for families by $2,400 each year.

Takes $700 billion from Medicare: A CBO report confirms that Medicare is raided by over $700 billion to pay for ObamaCare.

3.2 million jobs could be destroyed: A study by the Hudson Institute shows that 3.2 million jobs are at risk because of ObamaCare's employer mandate.

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