Obama: U.S. 'will go bankrupt' without health care bill
From Usatoday.com
"If we don't pass it, here's the guarantee," Obama said. "Your premiums will go up, your employers are going to load up more costs on you ... Potentially they're going to drop your coverage, because they just can't afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year."
He added that the costs of Medicare and Medicaid are on an "unsustainable" trajectory and no is action taken to bring them down, "the federal government will go bankrupt."
"If we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget," Obama told Gibson, the ABC anchor who is retiring this week.
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