[Congressional Record (Bound Edition), Volume 158 (2012), Part 9]
[House]
[Page 12183]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     OBAMACARE COSTS--CBO CONFIRMS

  (Mr. STEARNS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STEARNS. Madam Speaker, the Congressional Budget Office came out 
with its report yesterday, their latest analysis of the President's 
health bill, and what it confirms is there are flaws in the law.
  CBO reports that this $1.6 trillion program will cost individuals and 
businesses $5 billion more than was initially estimated. CBO says that 
the health premiums that they already predicted would increase by 
$2,100 now will increase even more. CBO estimates that 11 million 
people who currently have employer-based coverage will simply lose 
their health plan.
  The President said we could keep our coverage, but under the law, 
employers are dropping coverage, and premiums are simply increasing, 
which drives up the cost of health care for everyone. And remember, 
historically, the CBO greatly underestimates their analyses.
  We need to repeal this law and replace it with commonsense solutions 
that simply increase competition in the marketplace and places the 
consumer, not the government, in charge of health care.

                          ____________________