Chief Medicare Actuary Debunks Presidential Premise for Obamacare

At a House Budget Committee hearing earlier today, Medicare's Chief Actuary Rick Foster provided a concise, damaging verdict on two key promises of the health care law's proponents.


McCLINTOCK: "True or false: The two principle promises that were made in support of Obamacare were one, that it would hold costs down. True or false?"

FOSTER: "I would say false, more so than true."

McCLINTOCK: "The other promise... was the promise that if you like your plan, you can keep it. True or false?"

FOSTER: "Not true in all cases."