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Finding out what’s in it: A new report from the Congressional Budget Office estimates that, because of Obamacare, the cost for employment-based health insurance will rise by 60% by 2025.
These increases are on top of the increases we’ve seen in the past five years, since the law was passed. Moreover, the increases are going to cost the federal government trillions in the coming years, as the law requires the government to pay large subsidies for those in the lower income brackets who can’t afford these insane premiums. In fact, last year the tab was about $300 billion. And that’s only the start. Worse, these estimates by the CBO are routinely low.
Obviously, we should vote for one of the Democrats, who are promising to fix the problem by waving they arms and making it vanish, while also promising to provide everyone with free healthcare. Or maybe we should vote for the Republican named Trump who has made similar promises though not quite as ludicrous. Why not? What does reality have to do with anything anymore?