The President has repeatedly told us that ObamaCare would control costs and that we can keep our insurance plans if we like them. Well, Medicare’s Chief Actuary begs to differ.
Richard Foster appeared at a House Budget Committee hearing earlier today and here are his answers to a couple of questions from California congressman Tom McClintock:
McCLINTOCK: True or false: The two principal promises that were made in support of Obamacare were one, that it would hold costs down. True or false?
FOSTER: I would say false, more so than true.
McCLINTOCK: The other promise… was the promise that if you like your plan, you can keep it. True or false?
FOSTER: Not true in all cases.
Watch it and weep:
And, just to put a little icing on that cake, he also said Paul Ryan’s Road Map would control costs more effectively than ObamaCare. Ouch!
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