Talk of The Villages Florida - View Single Post - Some new numbers on the health care bill
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Old 03-13-2012, 07:47 PM
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Default Some new numbers on the health care bill

The CBO today issued new estimates on the cost...a few notes..

"President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation."


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"The big picture takeaway is that due mostly to weaker economic projections, the CBO now projects that more people will be obtaining insurance through Medicaid than it estimated a year ago at a greater cost to the government, but fewer people will be getting insurance through their employers or the health care law’s new subsidized insurance exchanges"

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"It’s also worth noting that we were told time and again during the health care debate that the law didn’t represent a government takeover of health care. But by 2022, according to the CBO, 3 million fewer people will have health insurance through their employer, while 17 million Americans will be added to Medicaid and 22 million will be getting coverage through government-run exchanges."

CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington Examiner

CBO boosts its Obamacare Medicaid cost estimate | Campaign 2012 | Washington Examiner


This bill, a disaster spawned with backroom deals and actual blackmail, unread by our leaders and President is going to continue to grow and grow and grow...stay tuned.