VIDEO: Schumer Admits Obamacare Will Increase Health Care Costs

It’s been a rough week for Obamacare. First came President Obama’s laughable defense of the health-care law, then news spread about an outcry from local leaders in Minnesota worried about the soaring costs of the “Affordable” Care Act. The New England Journal of Medicine released a study Wednesday undermining the left’s central argument for expanding Medicaid.

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If that wasn’t enough, now even liberal Senator Chuck Schumer (D-NY) has admitted that health care costs could “go through the roof” in part because of Obamacare (emphasis added):

Our insurance department is empowered to protect families and we’re going to watch them like a hawk to make sure they do, because if they don’t, these rates could go through the roof … It’s in part because of Obamacare, but health care costs have been going up in double digits for years and years and years. The good news is in this bill, there’s a way to stop it.

Schumer’s comments follow the much-publicized remarks from Senate Finance Chairman Max Baucus (D-MT), who called Obamacare a “train wreck” before announcing his plans to retire.

Source material can be found at this site.

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