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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.
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.
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.
This does not even take into account the cost to the states, which will be even greater.
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.
How much will the deaths of tens of thousands of Americans from lack of health care cost?
How much will the deaths of tens of thousands of Americans from lack of health care cost?
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?
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....
How much will the deaths of tens of thousands of Americans from lack of health care cost?
The Obama budget deficits originated during the Bush presidency...