CBO Confirms Obamacare Will Increase Drug Prices

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"WASHINGTON – In response to a request from House Budget Committee Ranking Republican Paul Ryan of Wisconsin, the Congressional Budget Office [CBO] confirmed that President Obama's massive health care law will increase prescription drug prices. The CBO confirms the range of onerous restrictions and requirements will drive health care costs up, at odds with the claims made by its proponents. CBO's letter specifies that manufacturers will have an incentive to raise drug prices and that, as a result, health care costs will increase for some seniors and for those who are uninsured.

In response to the findings, Ranking Member Ryan issued the following statement:

"On Tuesday, the American electorate forcefully repudiated President Obama's agenda, including his massive health care overhaul. Today, the Congressional Budget Office refuted President Obama's claims, making clear that his policies will drive health care costs up, not down. Especially troubling for many seniors is the news that their prescription drug costs and premiums will increase as a result of this legislation"


Obama cut a deal with the drug companies so they wouldn't oppose his healthcare bill....at our expense of course.

Paul Ryan is about to expose all kinds of stuff about the health-care debacle and he will no longer be ignored.Medicare Supplemental Insurance
 
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Whether they can eventually in years repeal this thing remains to be seen - however, in the interim guys like Paul Ryan are going to make this real interesting. Gotta love this chaos.
 
Paul Ryan, the most intelligent and feared conservative mind in DC.

Ryan truly gets "it." I hope people pay more attention to him when he speaks, unlike Obama who ambushed him at the made-for-tv healthcare forum event.
 
Ryan truly gets "it." I hope people pay more attention to him when he speaks, unlike Obama who ambushed him at the made-for-tv healthcare forum event.

Speaking of that event, Ryan was rattling off statistical facts left and right on Obama. The look on Obama's face said it all, "I don't want to mess with Ryan in a debate, ever".
;)
 
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