Obamacare bill now $1.76 trillion in first 10 years

[Quantum Windbag]

Too bad no one ever saw this coming.

Wait, we did.

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 Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then.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.

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

The CBO report is here.

CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act

 

[Conservative]

welcome to 5:40PM this afternoon

http://www.usmessageboard.com/politics/213041-cbo-obamacare-to-cost-1-76-trillion-over-10-yrs.html#post4956360

 

[Missourian]

Now, double that projection and you're probably pretty close to the actual cost.

 

[francoHFW]

The Examiner? So how will this turn out to be total Pubcrappe? So that's 200 billion a year to cover everyone and finally get a grip on skyrocketing prices and insurance scams...still a great deal...maybe competition and transparency will lead to savings the CBO doesn't imagine, as they're crazy about trends, maybe Pubs have perverted it....Stay tuned...

 

[Jackson]

Too bad no one ever saw this coming.

Wait, we did.

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.

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

The CBO report is here.

CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act

I see a Republican Campaign ad in the making. At least it will be honest.

 

[grunt11b]

We did see it coming, only problem was, this is exactly what they wanted, another entitlement to collapse the system, they are all communists. There should be a treason charge for there shit, but there wont, because both the left and the right are all in it together and we cant do shit about it, the left infiltrated the right "Murkowski, etc" throughout the years, and hoodwinked us, we are fucked, they are all communists.

 

[healthmyths]

Too bad no one ever saw this coming.

Wait, we did.

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.

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

The CBO report is here.

CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act

Well the first clue these idiots didn't know what they were doing much less the financial implications was continually claiming 50 million uninsured!
When 10 million are counted as uninsured ARE NOT citizens!
14 million are already covered by Medicaid but the most egregious is counting
18 million people UNDER age 34 making over $50,000 that because THEY don't want
employer health coverage deductions and more importantly PAY out of pocket they
are counted totally wrongly "uninsured"!

Thus leaving truly 8 million that should be covered somehow AND could have through Obamacare simply by taxing Lawyers as it taxed tanning salons!
10% of $100 billion lawyer fees would provide health coverage for the 8 million!
Wouldn't screw up our health system as it is NOW doing with more employers wanting to drop coverage or at minimum increasing employee deductibles!

All because these IDIOTS lied about how many, how much it would cost and because these idiots had $300 million donated by lawyers to Obama/Congress in 2008!

And of course TORT reform would have been coupled with the 10% tax i.e. for every $100 billion the $600 billion in "defensive medicine cost would be reduced a percentage of lawyer taxes would be reduced.. thus incentivizing Lawyers to stop chasing ambulances and causing the $600 billion a year in "defensive medicine"!

 

[grunt11b]

Too bad no one ever saw this coming.

Wait, we did.

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.

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

The CBO report is here.

CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act

Well the first clue these idiots didn't know what they were doing much less the financial implications was continually claiming 50 million uninsured!
When 10 million are counted as uninsured ARE NOT citizens!
14 million are already covered by Medicaid but the most egregious is counting
18 million people UNDER age 34 making over $50,000 that because THEY don't want
employer health coverage deductions and more importantly PAY out of pocket they
are counted totally wrongly "uninsured"!

Thus leaving truly 8 million that should be covered somehow AND could have through Obamacare simply by taxing Lawyers as it taxed tanning salons!
10% of $100 billion lawyer fees would provide health coverage for the 8 million!
Wouldn't screw up our health system as it is NOW doing with more employers wanting to drop coverage or at minimum increasing employee deductibles!

All because these IDIOTS lied about how many, how much it would cost and because these idiots had $300 million donated by lawyers to Obama/Congress in 2008!

And of course TORT reform would have been coupled with the 10% tax i.e. for every $100 billion the $600 billion in "defensive medicine cost would be reduced a percentage of lawyer taxes would be reduced.. thus incentivizing Lawyers to stop chasing ambulances and causing the $600 billion a year in "defensive medicine"!

They knew exactly what they where doing. The end game is to collapse the system with entitlement programs, if you cannot see it, you are fucken blind. Look at how this fucken man treats our economy, the proof is in the pudding.

 

[francoHFW]

So, this is no surprise as the CBO only estimates 10 years in the future- so OF COURSE the estimate goes up as we approach implementation, and doesn't take into account any savings from competition, transparency, regulations involved, or any regulations expected or possible, and of course the entire gigantic Pub Propaganda machine's pants are on fire spinning this for their ignorant dupes, while no one else is paying any attention...carry on, morons/corporate tools...

 

[KissMy]

Now, double that projection and you're probably pretty close to the actual cost.

Double? - What are you smoking? Projections times 10 is more like it.

 

[Cammmpbell]

Too bad no one ever saw this coming.

Wait, we did.

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.

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

The CBO report is here.

CBO | Updated Estimates for the Insurance Coverage Provisions of the Affordable Care Act

First....neither party has ever cut spending a goddam dime. The Republicans always cut taxes for corporations and the wealthy...reducing the nation's income and increasing the debt. When Obama took office the annual interest on the existing debt was $450 billion each year and though the debt doesn't require payment that half a trillion must be paid or the nation goes into default. I want to know where you were when Ronald Reagan and the Bushes were first quadrupling the national debt and then after Clinton generated surpluses doubled it again:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86 (Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.4 5 (First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

 

[PeteEU]

Hey it is still cheaper than the Iraq fiasco...

 

[Cammmpbell]

Hey it is still cheaper than the Iraq fiasco...

Yeah and George Bush executed that war with "emergency spending bills....Off Budget"
The first time Obama went to congress for additional funds he put everything back "On Budget"

 

[rdean]

What would would the cost be to the nation without health care? Think it through.

 

[Mr. Shaman]

Now, double that projection and you're probably pretty close to the actual cost.

....Or, quarter it, because.....​

....EVERYTHING Is Temporary​

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

 

[The Rabbi]

Hey it is still cheaper than the Iraq fiasco...

The necessary Iraq War was a benefit and had an end in sight.


Remember when Obama promised that Obamacare would "not add one thin dime to the deficit"? What happened to that? Why is it the Left here needs to deflect to BOOOSSHHH? Why they can't they get up and say, Obama lied when he said that. He knew he was lying to get the bill passed and sell it.
Why are they unable to admit this? Is it mental?

 

[Cammmpbell]

Hey it is still cheaper than the Iraq fiasco...

The necessary Iraq War was a benefit and had an end in sight.

Study documents nearly 1,000 lies from Iraq war propaganda campaign

26 January 2008

The systematic propaganda campaign waged by the Bush administration with the full collaboration of the mass media to drag the American people into a war of aggression has been newly documented by the Center for Public Integrity (CPI). The Washington-based, non-profit public policy journalism organization this week released a large database of the lies top government officials used to terrorize the US public into accepting the 2003 invasion of Iraq.

By the CPI’s count, the 380,000-word searchable database (available to the public at http://www.publicintegrity.org/WarCard/) contains at least 935 demonstrably false statements made on 532 separate occasions by the following officials: President George W. Bush, Vice-President Richard Cheney, National Security Advisor Condoleezza Rice, Defense Secretary Donald Rumsfeld, Secretary of State Colin Powell, Deputy Defense Secretary Paul Wolfowitz, and press secretaries Ari Fleischer and Scott McClellan.

On these 935 separate occasions, the database’s authors write in their introduction, officials “stated unequivocally that Iraq had weapons of mass destruction (or was trying to produce or obtain them), links to Al Qaeda, or both. This concerted effort was the underpinning of the Bush administration’s case for war.”

These claims of Iraqi WMDs and links to Al Qaeda were all completely false, as US officials have acknowledged. Perhaps the most famous admission came on January 26, 2004, when, in Senate testimony, former US weapons inspections leader David Kay conceded that “we were all wrong”—a conclusion that followed from the October 2003 Iraq Survey Group (ISG) report, which Kay explained by telling Congress that, after months of searching US-occupied Iraq, “We have not found at this point actual weapons.”

CONT.

 

[Dr.House]

We told you so....

 

[The Rabbi]

Every addition to Medicare as well as the program itself has gone way beyond budget. The only one was the reviled drug benefit, which has come in under budget. Of course it was reviled by those on the right because gov't shouldn't be giving away drugs. And those n the Left because govt should be giving away everything in sight.
This was entirely predictable and predicted. Why can the Leftists not face up to it and say. Yeah we knew it was a lie too but you have to lie to get your agenda passed?

 

[Claudette]

We told you so....

Damned right we did.

Pelosi, Reid and the Dems played major league games with the numbers to get a good CBO score. All so they could be part of the "Historic Moment." Fucking assholes

Anyone who thinks anything the Govt has a hand in is gonna be less expensive or better is a fucking idiot in my book.

One can only hope and pray the SC finds this clusterfuck of a bill Unconstitutional and kicks the fucker right to the curb.