On the recordJanuary 19, 2011
This health care bill is a job-destroying bill. Shifting who pays simply does not reduce the cost of health insurance. As a matter of fact, when you look at it, the CMS says over the next 10 years we will see an increase of $311 billion in the cost of health care. This is $2.3 trillion of new taxes on Americans. The deficit: Over the first decade, over $500 billion of new deficit spending; $1.5 trillion in the second decade. Massive bureaucracy: 68 new programs, 47 new bureaucratic entities, and 29 pilot programs as a part of this bill. It destroys the relationship, the intimate relationship between a patient and a physician. The NFIB, the National Federation of Independent Business, says that over the next 10 years we will lose 1.6 million jobs in America because of this bill. By destroying the bill that destroys jobs, we've made progress. Finally, we already have a $76 trillion hole in unfunded entitlements. By increasing the number of entitlements, we've simply increased the hole, another $2.7 trillion expansion in entitlement spending. The 10 years' revenue simply does not pay for the 6 years of benefits.
