The Cost of Obamacare: The Numbers Don't Lie

Remember when Obamcare opponents were warning about the havoc the law would surely wreak on our nation’s finances? Well, we’re already starting to see glimpses of that come to fruition. The first quarter of 2015 isn’t even over yet, and overall spending has increased eight percent, thanks to, you guessed it, Obamacare.

President Obama brazenly promised nationalized health care would reduce the deficit. Now we can count that as just one more Obamacare lie. As economist Stephen Moore noted in a recent op-ed, health care costs are exploding. The increases account for spending on everything from insurance subsidies to Medicaid.

Meanwhile, the government is pushing more and more people to sign up for insurance through the Obamacare exchanges, thereby making even more Americans reliant on taxpayer-funded subsidies. And as if that weren’t enough, those fortunate enough to be on the private market are still facing spikes in their premiums.

When is enough enough? Obamacare has neither lowered costs for Americans nor reduced the deficit. But it’s like President Obama expects the country to either keep living in a fantasy world with him, keep giving him the benefit of the doubt, or both.

The jig is up, Mr. President. The numbers don’t lie, and Obamacare’s are pretty horrific.