John Barrasso: “Insurance companies got very rich because the government…”

“Remember, President Obama promised you could keep your doctor, you could keep your policy, and, and insurance costs would go down by $2,500 a family. The exact opposite happened. Costs doubled. Insurance companies got very rich because the government kept sending money to national insurance companies to prop up the failures of Obamacare. The subsidies are up 80% of the cost of the insurance. Even the New York Times and Washington Post said Obamacare is pricey. It was never affordable.” (01:03–01:14)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.