Former GE CEO Jack Welch: Obamacare costs going to be "out of sight" 

The legendary businessman is dubious about the financial claims surrounding Obamacare:

The newly passed overhaul of the nation’s health care system is expected to push expenses "out of sight" and cost the country "a couple trillion dollars," Jack Welch, former chairman and CEO of General Electric, told CNBC.


Welch said while he doubts that employees will be laid off due to the expense of health care, the cost of the new policy is going to be “out of sight.”

“I think we're talking about a couple trillion dollars…of overage, not savings," he said.

It sounds like Welch and the CEO of Caterpillar are on the same page.

About The Author

Michael Daboll

Pin It

More by Michael Daboll

Latest in Nation

© 2018 The San Francisco Examiner

Website powered by Foundation