The President and those who jammed Obamacare down America’s collective throat promised the massive trillion dollar program would ultimately save money for the average American. New figures now show that Obamacare’s cost is running about $50,000 per person.
Watch Glenn's reaction below:
Rough transcript of the segment is below:
Glenn: Let me give you this story. Completely off the weather. It will cost the federal government, you the taxpayer, the taxpayers, $50,000 for every person who gets health insurance under Obamacare?
PAT: Oh, it's worth it because now they have health care.
GLENN: This is according to the CBO who said, that's not going to happen. Remember, it's the government and all these scientists and all these accountants that tell us exactly what climate change is going to cost us. They told us this would be a good deal for everybody. It's $50,000 for every person that is insured under Obamacare, according to the CBO. 50,000 per person. What will people say? Well, that's an outrage. But at least people are getting coverage. How many people will have coverage that didn't have coverage. At what cost?
STU: They do this same thing on cable television. You have to admit there are more people with insurance. So! We could have a policy that costs $20 trillion to insure one person, and you could make the same argument.
GLENN: This is like the -- the hourly wage thing. If you really believe this nonsense, you'll do two things -- if you really believe that the hourly wage has to be increased, you, A, know nothing about business because you know that business will cut the least skilled labor. They will always do that. And everybody else will end up doing 14 jobs. That's just the way it is. Because you can't afford -- that's what that is for, it's entry-level.
STU: The minimum wage was designed by progressives to eliminate the classes they didn't like who they didn't think would be worth the minimum wages. That's where it came from.
GLENN: Wow. I didn't know that story. Tell me that story.
STU: They -- well, and I can pull the quotes for you --
GLENN: Wait. Pull the quotes and then tell that story.
GLENN: So here you have minimum wage. If you really want minimum wage, here's the argument you make. We're going to tie it to the rate of inflation. So we only have to have this argument once. We tie it to the rate of inflation. If we believe that. But see, they won't do that because then it takes away one of their talking points. It takes away, well, you need to vote me in because I'll help you with the minimum wage. If you believe that's true, you tie it to the rate of inflation, period. Then we have that debate once, and it's over. The second thing is, if you really believed that this was a good thing, that this would solve all the problems, why not make the minimum wage 100,000 dollars a year? Why not make the minimum wage $100 an hour. If it really works and really lifts people out of poverty, why not -- why not just keep raising it. They're talking about 15, $20 an hour. Make it 100. Then everybody would be able to raise their families. Minimum wage was never intended to be a wage that you could raise a family on. That was the entry-level position. That was mainly for people who were in their teens or in their 20s.
STU: And nobody does what the president talks about. It's less than .2 percent of the population -- of the work force. Not the population. It's actually less of the population. But it's less than .2 percent of the work force that does this, I support my family on a minimum wage.
PAT: Yeah, it's almost no one.
STU: That's not what it's for.
GLENN: So why not -- if we don't care about these things. If we don't actually care about numbers and things that actually work, why don't we just raise the minimum wage to $50 an hour. Raise it to $50 an hour. If we don't care about numbers and things, at least we're doing something. How many families will we save. That .2 percent. Yes, it will cost a lot of companies to go under. And it will cost a lot of jobs and everything else. But that .2 percent with families, making $50 an hour, they'll be able to raise their families. It's $50,000, think of this -- $50,000 a year, to be able to get somebody under Obamacare. $50,000 per person to insure them under Obamacare. Well, why not? Look at how many people we can save. Look at how many people are actually on that. Let's just do it and while we're at let's make minimum wage $50 an hour. Why don't we are just do it?
PAT: Why not? Under this system, why not?