Obamacare Will Bankrupt US: Rep. Paul Ryan

Don Lester of Rubicon Alliance

"Our country's fiscal fate seems sealed with the passage of Obamacare but out of control spending and Government debt levels were already on an unsustainable path long before America's version of socialized medicine was enacted."

~Don Lester

The following article is written by Michelle Fox

Obama’s federal health care law, which is now front of the U.S. Supreme Court, will bankrupt the U.S. and destroy the country’s health care system, Rep. Paul Ryan, (R) Wis., told CNBC Tuesday. “It vastly underestimates how many employers will actually drop their employer health insurance and dump people into the government exchange,” Ryan said.

In fact, he said private sector actuaries have told him that within a couple of years, about two-thirds of employers will “wash their hands” of offering health insurance to employees.

“Just about everybody will be in the [government] exchange,” Ryan said.

President Obama's health care law, now in front of the U.S. Supreme Court, will cause an implosion of the health care system and an implosion of our public debt, Ryan told Larry Kudlow.

Full Story:

http://www.cnbc.com/id/46872408