The Patient Protection and Affordable Care Act, passed three years ago with President Obama saying it would not add one dime to the federal deficit, is now projected to add $6.2 trillion to the deficit and inflict severe cuts to Medicare and Medicaid payments to hospitals and physicians.
When Obamacare passed in March 2010, many Americans believed they would soon receive the same lifetime healthcare benefits as every member of Congress, and without incurring additional costs for themselves, their families or their businesses. The truth, however, is the Government Accountability Office (GAO) anticipates the Obamacare entitlement program will place a heavy burden on the U.S. economy, which currently has a national debt of $16.7 trillion.
According to the American Enterprise Institute (AEI), a conservative think tank, patients and their physicians are going to feel the full impact of the costs associated with Obamacare, and not only by adding $6.2 trillion to the national debt, but in ways that are far more tangible to families, and especially senior citizens.
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