Will Pelosi Cost You Your Full-Time Job?

Nancy Pelosi still insists that Obamacare will improve the lives of average Americans, despite over 20 reports indicating otherwise.

"Because of the law, in the coming months Americans will have expanded choices and more affordable care." Pelosi said at a recent Capitol Hill briefing. "We will be enhancing patients' rights, putting money back in the pockets of consumers, reducing costs and strengthening the economic, financial, and health security of working families."

She goes further to say that Obamacare will even lower the nation's debt.

"The Affordable Care Act is bringing the cost of health care in our country down in both the public and private sector," said Pelosi. "And that is what is largely responsible for the deficit coming down."

But what she doesn't realize is that her numbers are flawed.

"Despite promises that the law will lower costs, [Obamacare] will in fact cause the premiums of many Americans to spike substantially," a report released by the U.S. House of Representatives Committee on Energy and Commerce concluded. "The broken promises are numerous, and the data reveals that many Americans, from recent college graduates to older adults, will not be able to afford the law's higher costs."

The report is based on responses from 17 insurance companies to a letter from Congress asking them to estimate the effects Obamacare would have on premiums and found that individuals in about 90% of all states would likely face "significant premium increases." Continue Reading.....