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Mike Johnson: “The Obamacare subsidy extension is going to increase…”

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

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Speaker Johnson Joins Squawk Box on CNBC

Published | Video Starts at 17:25

And you know what that did instead? So now they want to extend the Obamacare subsidies. Remember the cost sharing reduction. Just that one measure would have brought premiums down 12%. 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. (17:25–17:32)

CLAIM

Asserts that extending Obamacare subsidies will increase premiums in some categories.

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