SuperFlyBCat
Banned
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CBO: Obamacare to cost $1.76 trillion over 10 yrs
I thought is was all free?
http://campaign2012.washingtonexaminer.c...yrs/425831
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.
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
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03-13-2012 04:34 PM |
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Coopdaddy67
Hall of Famer
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RE: CBO: Obamacare to cost $1.76 trillion over 10 yrs
Take money from the rich to pay for it. Problem solved!
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03-14-2012 10:58 AM |
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beck
All American
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RE: CBO: Obamacare to cost $1.76 trillion over 10 yrs
The Examiner's parent company, Clarity Media Group, also owns the conservative opinion magazine The Weekly Standard.
The Examiner co-sponsored the Republican presidential debate in Ames, Iowa on August 11, 2011.
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03-14-2012 11:09 AM |
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icehole3
All American
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RE: CBO: Obamacare to cost $1.76 trillion over 10 yrs
that makes these facts incorrect according to beck
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03-14-2012 01:01 PM |
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RealDeal
Heisman
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RE: CBO: Obamacare to cost $1.76 trillion over 10 yrs
http://www.forbes.com/sites/gracemarietu...ing-worse/
I guess Forbes is an unreliable source as well?
In an economy that is already on the brink this may be the wrecking ball that topples this economy. We have two ways to avoid this catastrophe. 1, the Supreme Court correctly rules this law unconstitutional. 2, if for some reason 1 doesn't happen OBAMA MUST BE REMOVED. Once implemented in 2014 we are stuck with this health entitlement that we can't afford.
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03-14-2012 08:03 PM |
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QSECOFR
Heisman
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RE: CBO: Obamacare to cost $1.76 trillion over 10 yrs
The former director of the CBO was on television this morning and explained that these numbers are way, WAY off. He said that the CBO is NOT ALLOWED to assume that people will change their behavior even though we know people will when things are being "given" away. In other words, even the most elementary elements of capitalism are forbidden to be figured into the figures.
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03-15-2012 08:29 PM |
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ctipton
Jersey Retired
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RE: CBO: Obamacare to cost $1.76 trillion over 10 yrs
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03-15-2012 10:25 PM |
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