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Ron Johnson: “I think the cost estimate of Obamacare is grossly…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

Senator Johnson on MSNBC's Morning Joe

Published March 11, 2013 | Video Starts at 01:49

Well, it's obviously the law of the land right now. Obviously I'm concerned about it. I think the cost estimate of Obamacare is grossly understated. I think far more Americans are going to lose their employer sponsored care because there are incentives for employers to drop the coverage and make their employees eligible for huge subsidies in these changes. (01:49–01:54)

CLAIM

Asserts that the cost estimate of Obamacare is significantly underestimated.

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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Ron Johnson

“When you've gone from about 17 million people on food stamps in the year 2000 to 47 million, you know, 12 years later, I think you have a…”
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“Over the last four years, $5.1 trillion [in deficits].”
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“The percentage of Americans on food stamps range somewhere between 6 and 10%. We're up to about 15%.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 07:54-08:06
“The liabilities in the federal government, you know, just Medicare, Social Security, our debt and what we owe federal retirees is larger…”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 08:38-08:49
“Americans pay a dollar into Medicare they get more than $3 out.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 09:20-09:24
“I think far more Americans are going to lose their employer-sponsored care because there are incentives for employers to drop the coverage.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 01:53-02:04
“I think this is going to explode our deficit.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 02:03-02:06
“It's going to lead to rationing, lower quality care.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 02:06-02:09
“When you're taking $716 billion out of payments primarily to providers, you're reducing supply, increasing demand.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 02:22-02:29
“Revenue to the federal government has increased by $344 billion per year [from 2009 to 2012].”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 04:59-05:11
“If we just return to a normal economy like we had in 2007...that would add another $435 billion per year.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 05:10-05:24
“Social Security will pay out $5.1 trillion more in benefits than it takes in, in the payroll tax.”
Senator Johnson on MSNBC's Morning Joe | Uploaded March 11, 2013 | 08:28-08:35