In a letter to Congressman Paul Ryan (R-Wis), the non-partisan Congressional Budget Office confirms that ObamaCare will result in higher drug prices,as new costs and regulations are implemented on drug manufacturers. Those most impacted will be senior citizens and the uninsured.

Ryan issued a statement in response to the analysis:

On Tuesday, the American electorate forcefully repudiated President Obama’s agenda, including his massive health care overhaul. Today, the Congressional Budget Office refuted President Obama’s claims, making clear that his policies will drive health care costs up, not down. Especially troubling for many seniors is the news that their prescription drug costs and premiums will increase as a result of this legislation. I will continue to work to repeal this deeply flawed overhaul, advancing instead patient-centered health care reform and reforms to secure Medicare for current and future generations.

Of course, opponents of ObamaCare already knew that its overbearing regulation and intervention would result in lower quality care and higher costs. But it’s nice to see the non-partisan Congressional Budget Office confirming as much.