Washington, D.C. – Senator Ron Johnson (WI) released the following statement regarding the Congressional Budget Office’s updated estimate of the cost of Obamacare:
“The President and his allies in Congress sold Obamacare by promising it would cost the taxpayers less than $1 trillion in its first decade. Instead, the Congressional Budget Office now makes clear that once fully implemented, it will cost far more than that over its first ten years: a whopping $1.8 trillion.
“Obamacare will reduce medical innovation and the quality of care, increase wait times, lead to rationing, and bust the federal budget. Senators showed their concern about the cost of the program recently by approving a budget resolution that included my amendment to require more comprehensive Obamacare cost estimates. That provision was adopted on a bipartisan vote of the Budget Committee.
“The Senate Majority Leader and the Senate author of Obamacare, Democrats Harry Reid (NV) and Max Baucus (MT), recently called the implementation of Obamacare a train wreck. I agree. And in addition, it will wreck our wallets too.”