This is a rush transcript from "Your World," April 4, 2013. This copy may not be in its final form and may be updated.
ERIC BOLLING, GUEST HOST: All right, well, remember when the president said this?
(BEGIN VIDEO CLIP)
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: I will not sign a plan that adds one dime to our deficits, either now or in the future.
OBAMA: This bill is also fully paid for. It will reduce our deficit. This bill will help reduce our deficit.
(END VIDEO CLIP)
BOLLING: Now it's looking like just the opposite is happening.
It's a big concern for my next guess, former South Carolina Republican Senator Jim DeMint and the new, newly minted president of that group the Heritage Foundation.
Jim, thank you very much for joining us, sir.
Let's talk numbers here a little bit. We did a little brain room research on this and it turns out, in 2009, when health care, ObamaCare was signed into law, the average family paid about $13,375 per year for health insurance. It's up to $15,745 last year. That's about an 18 percent increase.
JIM DEMINT, PRESIDENT, HERITAGE FOUNDATION: Well, Eric, all of us who read the bill, what parts of it we could get when they were trying to pass it, knew this was going to happen.
We knew it would cost hundreds of billions of dollars more for the government. It would cost individuals and families more. It would replace private sector insurance, like you said, creating a government monopoly that will eventually push private insurers out.
We will all end up on Medicaid. The problem now is the president is not only talking about raising taxes to pay for it, but cutting Social Security and Medicare. Seniors have paid for Social Security and Medicare for many years. Now he has added a program that is actually going to cut these programs out from underneath of our seniors.
So, it is going to get worse as we find out more about this bill.
BOLLING: Senator, we're -- our national debt is almost $16.8 trillion. The president promised that ObamaCare would not add to the deficit, would not add to that national debt. Now the CBO is coming around -- the last number I saw was almost two trillion additional dollars going forward.
DEMINT: Well, Eric, and once this is fully implemented, you are going to see those numbers are small. It always happens with government programs.
And worst of all, people are going to get health care that is lower quality. It's going to be harder to find a doctor because people are being pushed onto Medicaid plans in the states that are expanding Medicaid, and fewer and fewer doctors even want to see someone who has got Medicaid.
So this is not working out for the people who are the poorest, who needed health insurance. It's not working out for businesses who pay for it. They're employing fewer and fewer people. This is a disaster.
And those in Congress who are calling for its total repeal need to have the support of the American people, because this bill needs to be stopped before it is implemented.
BOLLING: Senator, take a look at -- there's a survey that was just put out by the -- a small business survey.
Take a look at some of the numbers; 79 percent say the economy is on the wrong track; 31 percent plan to cut back hours due to the health care law; 87 percent are looking for more certainty.
Senator, it just seems like this is not the plan that they promised, they promised us three-and-a-half, four years ago.
DEMINT: No, it's not.
And we have to keep talking about repealing it. What is happening now is the Democrats are coming back and saying, we can fix this part and that part. This bill can't be fixed, as you mentioned before, well over 20,000 pages already. Doctors don't know what to do. Businesses can't hire enough lawyers and accountants to figure it out.
The only thing we should do right now is repeal it so that we don't have to cut Social Security and Medicare and raise taxes to pay for this -- this mess.
BOLLING: All right, could you weigh in? Senator Cruz says repeal it. Is there a chance for that? What are the odds of that?
DEMINT: The odds are probably low, but I would sure love to see the House pass a repeal, just to remind the American people that this -- it's not too late to repeal it.
We need to keep talking about it because a lot of Americans think it's already been repealed. And we need to remind them that it hasn't and we need to remind them that this president and the folks in Congress who voted for it, we also have to get behind governors and speakers of the House, like we see in Florida right now.
The speaker of the House in Florida, Will Weatherford, is taking a bold stand not to expand Medicaid.
DEMINT: The folks in Florida and all around the country need to get behind him, because if we can keep half of our states from implementing this, that's the best way to close it down at the federal level.
BOLLING: All right, Senator, we're going to leave it there.
I just wanted to give you a congratulations on your first full day at Heritage. I assume they gave you that big parking spot right up in front and the key to the men's room. Right?
DEMINT: Not yet. Getting a parking space in D.C. is a really valuable thing.
BOLLING: All right, we are going to leave it there.
Senator Jim DeMint, thank you very much, sir.