Pennsylvania Taxpayers Continue To Foot Bill For Sestak’s Extreme Agenda In Washington

Sestak’s Broken Promise On Health Care Costs, Failure To Regulate Fannie, Freddie, Slams Pennsylvania Taxpayers
 
WASHINGTON – Two new reports reveal that Pennsylvania’s families and job creators continue to pay a massive price for embattled U.S. Representative Joe Sestak’s (D-PA) extreme partisan agenda in Washington—including “sharply higher” health care costs and hundreds of billions of dollars in new bailouts.
 
Yet again, Pennsylvanians are reminded of Sestak’s broken promise that his costly, unpopular health care overhaul would lower costs as CNN reports that “Employees’ share of premiums for a family plan is up an average 14%, to $3,997, vs. just a 3% rise in the total bill, according to the Kaiser Family Foundation. And it’s not just premiums that are spiraling higher. You’re also likely to be hit with higher deductibles and out-of-pocket maximums as well as bigger bills for doctor’s visits and drugs.”

And Pennsylvanians will once again be forced to pay for massive bailouts in the wake of Sestak’s politically-motivated decision not to include government-run mortgage giants Fannie Mae and Freddie Mac in his financial regulation bill.  The Washington Post reports that “The federal bailout for Fannie Mae and Freddie Mac could more than double in size during the next three years, according to projections from the companies’ federal regulator. Fannie and Freddie… will likely need at least another $73 billion and perhaps as much $215 billion from taxpayers in the next three years to meet their financial obligations, the Federal Housing Finance Agency said.”
 
“Sestak promised his massive health care overhaul would lower costs, but today Pennsylvania families are being slammed with huge 14 percent premium hikes.  And because Sestak and his party bosses played partisan politics with financial regulations, Pennsylvania taxpayers are now on the hook for billions more in bailouts,” said National Republican Senatorial Committee (NRSC) Press Secretary Amber Marchand.  “Today’s reports prove once again that Pennsylvanians simply cannot afford more of Joe Sestak’s extreme partisan agenda in Washington.”

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