Political Quotes

“I thank Senator Durbin and appreciate his leadership and courtesy. I want to speak for a few moments about the impact of the President's health care law, the Affordable Care Act. Although the law hasn't been fully implemented yet, this massive overhaul--Federal takeover, really--of the health care system is already proving to be anything but affordable. My team on the Budget Committee, where I am the ranking member, did some research on this issue, and we want to know what the real costs would be and how it will play out in the end. So what I will share with everyone now are some very important facts that all of us need to know. The President has repeatedly said we have a health-spending problem, but what he hasn't said is that this law will make that problem worse. Last week actuaries from the Centers for Medicare & Medicaid Services--those are our top Federal health care people, CMS--issued a report, and its findings were unequivocal. This law will lead to higher health care costs. By 2022 the law is projected to increase cumulative health spending by $621 billion. That is the report from CMS. They basically work for the President of the United States. Next year growth in the private health insurance premiums--the increases in our own private insurance premiums--is expected to accelerate to 6 percent from 3.2 percent this year, 2013. So the increase in premiums, CMS projects, will go up from 3.2 percent to 6 percent.…”