CBO: Obamacare to cost $1.76 trillion over 10 yrs

[Lovebears65]

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

 

[Warrior102]

Manchild gets voted off the island in November

Who cares

 

[Conservative]

I just cannot wait for the libtards to come in here and say that almost doubling the cost of Obamacare is not a big deal.

 

[kiwiman127]

Even though I believe that the US health care system needs very serious reform and is gouging Americans to the point it's a threat to our economy,,,,,$1.76 trillion is a lot to swallow. But then so are the mandates.
However, the US deserves and should demand completive prices based on what other countries are paying. There is no excuse for Americans to be forced to pay the highest health care prices in the world by a long shot for a basic life or death necessity.

 

[g5000]

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

From that link:

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.

This does not even take into account the cost to the states, which will be even greater.


Since most states have a balanced budget requirement, you are all going to see your state taxes skyrocket. And the federal budget is going to crack in half and sink this country.


Repeal this piece of crap. Seriously.

 

[Greenbeard]

I just cannot wait for the libtards to come in here and say that almost doubling the cost of Obamacare is not a big deal.

Might want to read the actual document, champ. The CBO is projecting spending on the ACA to be lower than previously projected and the deficit reductions to be higher.

And, pertinent to your signature, today's estimates now show a decrease of $97 billion in projected costs for exchange subsidies and related spending over the 10-year budget window (the very source of the $111 billion controversy in the White House's FY13 budget).

 

[g5000]

I just cannot wait for the libtards to come in here and say that almost doubling the cost of Obamacare is not a big deal.

Naw. They will either ignore it or ask what your alternative is.

With or without ObamaCare, the cost is curving upward.

So you better have a smart solution.

 

[Greenbeard]

This does not even take into account the cost to the states, which will be even greater.

The average cost to states per new enrollee is lower under today's CBO projections than it was under prior ones. They explain why in today's report (essentially, the higher federal match rates will apply to more people than previously assumed):

Other changes in the estimates for Medicaid and CHIP stem from a proposed rule issued by the Administration that clarified how certain provisions may be implemented:

• The proposed rule outlines the Administration’s intent to provide states with a choice of three methods to shift their existing systems for determining eligibility for Medicaid to new systems under the ACA. The proposed rule appears to offer states a greater opportunity to define new thresholds so as to increase the number of enrollees who will qualify for higher matching payments from the federal government.16
• The proposed rule also specifies that, beginning in 2014, children in households with income under 138 percent of the federal poverty level will continue to be covered by CHIP in states where CHIP eligibility extends below that income threshold. CBO had previously assumed that those children would, in 2014, be switched to Medicaid, for which the federal government would be paying a lower share of their costs. This change accounts for about half of the increase in projected enrollment in CHIP compared with projected enrollment in the March 2011 baseline.

 

[Full-Auto]

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

We knew democrats were lying then.

Plus, I bet before that ten is over, it goes up from the new projection.

 

[Chris]

How much will the deaths of tens of thousands of Americans from lack of health care cost?

 

[g5000]

How much will the deaths of tens of thousands of Americans from lack of health care cost?

"Roll out the cancer lady!"

 

[candycorn]

Anybody want to guess what the 11th year will cost us?

 

[Full-Auto]

How much will the deaths of tens of thousands of Americans from lack of health care cost?

Accepted cost according to democrats as they kill a cancer drug for women.

 

[OldUSAFSniper]

And this surprises anyone?

It's just par for the course with Barry and his buds. First, we supposed to SAVE MONEY with Obamacare. Then it was 500 billion; 1 Trillion; and I'll be dang we're almost up to 2 Trillion.

The debt means nothing. As far as Barry and the boys are concerned, this country is history anyway. Why not spend everything you can and then make a clean exit?

 

[Chris]

And this surprises anyone?

It's just par for the course with Barry and his buds. First, we supposed to SAVE MONEY with Obamacare. Then it was 500 billion; 1 Trillion; and I'll be dang we're almost up to 2 Trillion.

The debt means nothing. As far as Barry and the boys are concerned, this country is history anyway. Why not spend everything you can and then make a clean exit?

Says the guy who gets a government check every month and his health care paid by the government....

 

[Chris]

The Obama budget deficits originated during the Bush presidency...

1. Tax cuts 2001-2002 (4 trillion over 10 years)
2. Prescription drug benefits (1 trillion over 10 years)
3. Economic meltdown of 2008 ( 3 trillion and rising)
4. Wars in Iraq and Afghanistan (2 trillion and winding down)

 

[Chris]

Without the super committee, the spending cuts start automatically in January of 2013.

When the Bush tax cuts expire in December of 2012, Obama won't allow them to be renewed.

Spending cuts + a return to the old tax rates = deficit reduction.

Congress has been taken out of the equation. No treasonous Tea Party/Republicans to mess things up.

Another brilliant move by Obama.

 

[g5000]

And this surprises anyone?

It's just par for the course with Barry and his buds. First, we supposed to SAVE MONEY with Obamacare. Then it was 500 billion; 1 Trillion; and I'll be dang we're almost up to 2 Trillion.

The debt means nothing. As far as Barry and the boys are concerned, this country is history anyway. Why not spend everything you can and then make a clean exit?

Says the guy who gets a government check every month and his health care paid by the government....

He earned his keep. The government and you got a return on their money. He is not a free rider. So STFU.

 

[SniperFire]

How much will the deaths of tens of thousands of Americans from lack of health care cost?

Ahhh.. Any lie can be excused for the 'greater good.'

 

[SniperFire]

The Obama budget deficits originated during the Bush presidency...

That is pretty damn stupid, even for you.

A budget deficit is based on a fiscal year.

Obama signed the fiscal year 2009 budget in March 2009, and has signed off on every dime of overspending since then.