John Cornyn: “tomorrow marks the third anniversary of the Affordable Care Act--the law that President Obama said would reduce health…”

“tomorrow marks the third anniversary of the Affordable Care Act--the law that President Obama said would reduce health care costs and strengthen our economy without forcing anyone to lose their existing coverage and without raising taxes on anyone making less than $200,000. Those were the promises of ObamaCare, but over the last 3 years we have seen the reality, which is far different. Reality No. 1: Amid the slowest economic recovery and the longest period of high unemployment since the Great Depression, ObamaCare represents a $1 trillion tax increase that will affect all Americans, not just those making less than $200,000. Indeed, ObamaCare is a tax increase that will affect everyone, from young people with health savings accounts, to middle-class workers with families, to senior citizens on fixed incomes. It is a tax increase that will punish investment and hinder medical innovation, a tax increase that is already discouraging job creation and already hurting the economy. Reality No. 2: ObamaCare has not solved the problem of rising health care costs, and in the years ahead it will make the problem much, much worse. Remember, during the 2008 campaign, President Obama told us his health care plan would reduce family premiums by $2,500. Yet the cost of family premiums has increased by nearly $2,400 between 2009 and 2012. And once the President's health care law is fully implemented, premiums will soar even higher.…”