Virginia Foxx: “Because of ObamaCare, health insurance costs could be increasing more than 80 percent for young North Carolinians. Yes…”

“Because of ObamaCare, health insurance costs could be increasing more than 80 percent for young North Carolinians. Yes, those who pay just over $100 a month now may have to pay $185 for ObamaCare-approved coverage. The administration has attempted to console us with promises that the blow of such sharp cost increases will be softened for the neediest Americans through income-based taxpayer subsidies. However, there's a problem: it's not just needy Americans who will have access. Because the Obama administration has decided to rely on an ``honor system'' for subsidy distribution to draw money, income won't have to be verified, and neither will one's access to ``affordable'' employer-provided health coverage. We are told this honor system will be temporary, but we are not satisfied. Develop a verification system now or delay the subsidies. Better yet, give every American a break and repeal this law. ____________________”