Political Quotes

“I wish to point out, the numbers Senator Kyl is talking about are CBO projections, just using a different timeframe. That isn't even taking into account what I have been talking about is an even more significant risk to the deficit, and that is one particular CBO estimate that says, on net, only 1 million Americans will lose their employer-sponsored care. There are 154 million Americans who get their employer-sponsored care from employer-sponsored plans. To assume that only 1 million people will lose that coverage and get forced into the exchanges is absurd, particularly when we have a study by a very reputable firm, McKinsey & Company, surveying 1,300 employers, which said 30 to 50 percent of employers plan on dropping coverage and having their employees go into the exchanges. It is pretty easy to understand why that might happen. Right now, the health care law is 2,700 pages; there have been another 12,000 pages of rules and regulations. So employers looking at the health care law are looking at, Do I try and comply with, do I try and understand 15,000 pages of regulations and then pay $20,000 for a family plan--which is the new CBO estimate for a family plan in the year 2016. Do I do that or pay the $2,000 penalty? With ObamaCare, they are not exposing their employees to a financial risk. They are making them eligible for huge subsidies, $10,000, if they have a household income of $64,000. So I will throw it over to Senator Sessions on the Budget Committee.…”