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Mike Johnson: “Doing that will cost, as you said, $350 billion over 10…”

Featuring: Mike Johnson, Republican | Speaker of the United States House of Representatives | National

Speaker Johnson Joins Squawk Box on CNBC

Published October 23, 2025 | Video Starts at 17:37

The Obamacare subsidy extension is going to increase premiums in some categories. It would drop at about 5%. 5.7% is actual number. But it's going to cost us more because Doing that will cost, as you said, $350 billion over 10 years. We have to change the system. We have to find ways in a bipartisan manner to make Obamacare affordable for more people, to increase access to care, and to stop … (17:37–17:42)

CLAIM

Asserts that extending Obamacare subsidies will cost $350 billion over 10 years.

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.

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Mike Johnson

“Restoring health care to illegal aliens again, that's 200 billion of their demand.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:59-04:05
“This is the first time in American history that any party has had the audacity to shut the government down over a clean, nonpartisan CR.”
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“We're $37 trillion in debt as a nation because you have two or three or four people in a back room doing that.”
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“13 times during the four years of the Biden administration they voted on CRS.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 15:12-15:17
“The cost sharing reductions model... would have brought premiums down 12% for the average American, and it would have saved taxpayers $30…”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 16:53-17:06
“The CBO says the measures that we did in that bill on Medicaid, for example, going to save $185 billion.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 18:25-18:32
“Shutting the government down would cause great pain to the American people.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 01:10-01:13
“They want a trillion and a half new dollars of wasteful spending.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:38-03:43
“They want to prop up leftist news organizations with the Corporation for Public Broadcasting with a half a billion dollars.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:42-03:49
“They want to send billions of dollars back overseas to social programs in foreign countries.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:48-03:53
“They want to extend those Obamacare subsidies permanently without any reforms.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:55-04:00
“The cost of health care has skyrocketed since Obamacare was created in 2010.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 04:14-04:20
“The subsidy is a Covid era subsidy the Democrats created themselves.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 04:44-04:50
“We need troops paid TSA agents, Border patrol agents and air traffic controllers and veterans health services and nutrition services to…”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 06:09-06:18
“Every Democrat in the House voted against [the bill to fund the government].”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:03-07:06
“The Senate Democrats just batted [the defense appropriations bill] down last week.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:14-07:23
“Leader Thune is going to put on the floor a bill to pay essential workers.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:26-07:31
“The Democrats have already told us they're going to vote against [the bill to pay essential workers].”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:39-07:43
“The House has done its job. We voted to fund the government.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:46-07:51
“Chuck Schumer has been in Congress for 44 years.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:52-07:56
“That bill has been sitting on Chuck Schumer's desk.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:53-07:56
“Rep. Grahava was elected after the House went out of session.”
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“Nancy Pelosi took 25 days to administer the oath to [Julia Letlow].”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 09:13-09:17
“The CR that we sent over is a totally clean, Nonpartisan document.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 11:06-11:12
“Leader Schumer would like a backroom negotiation.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 13:54-13:58
“I refuse to go in a back room with Chuck Schumer and make a deal.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 13:54-13:58
“The Obamacare subsidy extension is going to increase premiums in some categories.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 17:25-17:32
“We're not going to allow Chuck Schumer to hold the American people hostage so they can get a trillion and a half new dollars in spending.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 19:42-19:49