McConnell, citing the unpopularity of ObamaCare, vowed to take up the repeal of the bill as his first item of business if he is elevated to majority leader next year.
|Sen. Ron Johnson (R-WI)|
In the question-and-answer session, the Wisconsin freshman warned that many employers will end up dropping health care coverage of their workers. These employees will be eligible for federal subsidies that will add "hundreds of billions of dollars per year to the [cost] of the health care law." He concluded, "This is a budgetary disaster waiting to happen."
Prior to making that case, Johnson reminded us that Obama promised that consumers could keep their current health care coverage if they wanted to do so.
Businesses may just decide to forgo the red tape, Johnson reasoned, and let the state-run exchanges provide coverage.
Johnson knows what he is talking about--he's a former CEO.
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