Bill O'Reilly: How ObamaCare will hurt you
By: StaffOctober 24, 2013
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By Bill O'Reilly

Almost $6 billion from the taxpayers have been spent so far rolling out Obamacare $6 billion. What do we have for all that money? You know what we have -- debts.

According to the Associated Press just 300,000 Americans have sampled Obamacare on the state run exchanges. That is a dismal showing after three weeks.


DAVID AXELROD, FORMER WHITE HOUSE SENIOR ADVISOR: The codes are difficult and there are glitches so they need to fix it and they need to be clear about what they're doing and they need to do it quickly. And if I were in the White House I would be communicating regularly on those fixes but I also would be very, very tough on the people who are responsible to get those fixes done quickly.


O'REILLY: And what are the odds of that happening? In addition, the Congressional Budget Office estimates there will be about $1 trillion in new or higher taxes to fund Obamacare over the next 10 years. And we working Americans will pay those taxes along with corporations who will pass the expense on to us.

For example, to fund healthcare, the Medicare payroll tax going up from 2.9 to 3.8 percent for wages and profits exceeding $200,000. And that's just about every small business in the country. There are $100 billion in new taxes for the health insurance companies over 10 year period. And guess what? As I said, we're going to pay for that because the insurance premiums are going to go up. In fact, they are already up 70 percent for individual coverage 19 percent for family coverage on average.

And if a company with more than 50 workers doesn't provide health insurance it has to pay $2,000 per employee to the feds every year. The Obama administration calling that a tax but it's really a fine.

So are we all getting this? And those of us who work for a living, and those who run companies are all going to pay big time for the affordable healthcare law. The truth is it's only affordable for those not making much money. They will be subsidized. Individual Americans signing up for Obamacare can't possibly fund it. Money has to come from a variety of new taxes on those who are being productive in the workplace.

All of this is a bit pinheady I know but the point is we are being conned. We are not being told the truth. As "Talking Points" reported last night, this is a giant redistribution of wealth scheme and actual hands on healthcare will decline in the process. Did you know -- did you know that in Massachusetts, which has Obama --- which has Romneycare and will soon have Obamacare as well, the wait to see doctors has almost doubled? Did you know that? And the Bay State has tons of doctors. States that don't have many physicians will suffer greatly. You're going to be waiting for months. That's because many American doctors do not want all the red tape and paperwork associated with Obamacare.

So they are going to start what they call boutique practices catering to the well off.

Finally a new CBS poll asks this question. How the sign up on health care exchanges going: 12 percent of Americans said well, I guess they live in Belize; 49 percent said not so well; 38 percent don't know. What is your view of the new healthcare law? 43 percent approve; 51 percent disapprove; six percent don't know.

This time next year Talking Points predicts 65 percent of Americans will disapprove of Obamacare. The other 35 percent will be getting subsidized.

And that's "The Memo."

- You can catch Bill O'Reilly's "Talking Points Memo" weeknights at 8 and 11 p.m. ET on the Fox News Channel and any time on Send your comments to:

Transcript Date: 
Wed, 10/23/2013
Transcript Show Name: 
O'Reilly Factor