Obamacare just got $111 BILLION more expensive..WTF???

[Conservative]

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News

Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

So do I.

The revised numbers, buried deep in the president's budget, stumped lawmakers and some administration officials for most of the week. At a congressional hearing Tuesday, Health and Human Services Secretary Kathleen Sebelius, who is in charge of carrying out the health care law, indicated she was unaware of the changes.

Yeah. Can't imagine why they were buried in that deep, huh.

About two-thirds of the increase is due to effects of newly signed legislation that raises costs for one part of the health care law, but still saves the government money overall. The rest is due to technical changes in Treasury assumptions about such matters as the distribution of income in America.

I find this difficult to believe, based on the track record of this administration.

 

[Zander]

This is government in action......Remember what Medicare was supposed to cost??

In 1967, the House Ways and Means Committee predicted that the new Medicare program, launched the previous year, would cost about $12 billion in 1990. Actual Medicare spending in 1990 was $110 billion—off by nearly a factor of 10.

Health Care Reform Cost Estimates: What is the Track Record?

 

[DiamondDave]

You somehow doubted this?? Or believed the uber-leftists' bullshit claims it would be cheap??

 

[PoliticalChic]

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News

Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

So do I.

The revised numbers, buried deep in the president's budget, stumped lawmakers and some administration officials for most of the week. At a congressional hearing Tuesday, Health and Human Services Secretary Kathleen Sebelius, who is in charge of carrying out the health care law, indicated she was unaware of the changes.

Yeah. Can't imagine why they were buried in that deep, huh.

About two-thirds of the increase is due to effects of newly signed legislation that raises costs for one part of the health care law, but still saves the government money overall. The rest is due to technical changes in Treasury assumptions about such matters as the distribution of income in America.

I find this difficult to believe, based on the track record of this administration.

1.Obamacare will collect more than $500 billion in new taxes and take $575 billion from Medicare over the next ten years.

a. Two new entitlements, plus a big Medicaid expansion, are created to reduce the number of uninsured, at a cost of at least $2.3 trillion- that’s TRILLION- over the first ten years of full implementation.

2. With each passing year new taxes will be imposed. As disclosed on the attached chart from the
California Hospital Association:

• 2011: A 2.5% excise tax is imposed on pharmaceuticals. (This is part of the plan to pay for the
reform law.) This cost – which will be in the billions of dollars - will be passed on to health care
providers, primarily hospitals, who already operate with very thin margins, and will be under
great financial pressure to raise their rates to pay for it, with resulting price pressure on health
insurance premiums.
• 2012: That excise tax increases to 3%.
• 2013: A separate 2.9% excise tax on medical devices will begin. The same pass-through will take
place, creating the same pressures on providers and on insurance premiums.
• 2014: An $8 billion fee on health insurance premiums kicks in. Obviously consumers will bear
this tax and their premiums will rise.
Because of all these costs, Obamacare is generally unsustainable. Here is one study that addresses that
issue:
Obamacare: The Real Price Tag is a Moving Target

 

[Claudette]

You somehow doubted this?? Or believed the uber-leftists' bullshit claims it would be cheap??

I never doubted it for a minute. You know, "We have to pass it before we know whats in it."

How could anyone doubt it after the way Pelosi, Reid and crew played with the number to get CBO approval for that clusterfuck of a bill.

No. This thing is going to cost the taxpyaers up the ass. Well those of us who pay taxes.

We can only hope that the SCOTUS finds this peice of shit unconstitutional and it is gone.

 

[Claudette]

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News

Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

So do I.



Yeah. Can't imagine why they were buried in that deep, huh.

About two-thirds of the increase is due to effects of newly signed legislation that raises costs for one part of the health care law, but still saves the government money overall. The rest is due to technical changes in Treasury assumptions about such matters as the distribution of income in America.

I find this difficult to believe, based on the track record of this administration.

1.Obamacare will collect more than $500 billion in new taxes and take $575 billion from Medicare over the next ten years.

a. Two new entitlements, plus a big Medicaid expansion, are created to reduce the number of uninsured, at a cost of at least $2.3 trillion- that’s TRILLION- over the first ten years of full implementation.

2. With each passing year new taxes will be imposed. As disclosed on the attached chart from the
California Hospital Association:

• 2011: A 2.5% excise tax is imposed on pharmaceuticals. (This is part of the plan to pay for the
reform law.) This cost – which will be in the billions of dollars - will be passed on to health care
providers, primarily hospitals, who already operate with very thin margins, and will be under
great financial pressure to raise their rates to pay for it, with resulting price pressure on health
insurance premiums.
• 2012: That excise tax increases to 3%.
• 2013: A separate 2.9% excise tax on medical devices will begin. The same pass-through will take
place, creating the same pressures on providers and on insurance premiums.
• 2014: An $8 billion fee on health insurance premiums kicks in. Obviously consumers will bear
this tax and their premiums will rise.
Because of all these costs, Obamacare is generally unsustainable. Here is one study that addresses that
issue:
Obamacare: The Real Price Tag is a Moving Target

Holy shit. We will all be in the poorhouse. Good God.

 

[ScreamingEagle]

Stealing from Medicare.....when Medicare itself is headed for bankruptcy......

 

[Claudette]

The archtects of this peice of shit bill suck the big one.

 

[Syphon]

hmmm faux news.....

seems legit

 

[Conservative]

hmmm faux news.....

seems legit

yeah.. it's completely made up.

moron.

White House Quietly Increases Budget for Obamacare's Exchange Subsidies by $111 Billion - Forbes
White House Quietly Increases Budget for Obamacare’s Exchange Subsidies by $111 Billion

 

[ScreamingEagle]

hmmm faux news.....

seems legit

hmmm.....

 

[MeBelle]

hmmm faux news...seems legit

Look again.
It's an AP release.

 

[starcraftzzz]

1.Obamacare will collect more than $500 billion in new taxes and take $575 billion from Medicare over the next ten years.
a. Two new entitlements, plus a big Medicaid expansion, are created to reduce the number of uninsured, at a cost of at least $2.3 trillion- that’s TRILLION- over the first ten years of full implementation.
2. With each passing year new taxes will be imposed. As disclosed on the attached chart from the
California Hospital Association:
• 2011: A 2.5% excise tax is imposed on pharmaceuticals. (This is part of the plan to pay for the
reform law.) This cost – which will be in the billions of dollars - will be passed on to health care
providers, primarily hospitals, who already operate with very thin margins, and will be under
great financial pressure to raise their rates to pay for it, with resulting price pressure on health
insurance premiums.
• 2012: That excise tax increases to 3%.
• 2013: A separate 2.9% excise tax on medical devices will begin. The same pass-through will take
place, creating the same pressures on providers and on insurance premiums.
• 2014: An $8 billion fee on health insurance premiums kicks in. Obviously consumers will bear
this tax and their premiums will rise.
Because of all these costs, Obamacare is generally unsustainable. Here is one study that addresses that
issue:
Obamacare: The Real Price Tag is a Moving Target

1/a.) You are being dishonest you only include spednign cuts and tax increase for the first 10 years of partial implementation but then you use the ten years of full implementation to gauge the costs. When you actually look at the total data Obamacare cuts the deficit and reduce total spending.
2) The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds

 

[California Girl]

hmmm faux news...seems legit

Look again.
It's an AP release.

That would involve actually reading the link. Syphon prefers left wing bullshit to any hard evidence that contradicts their messiah.

 

[California Girl]

Panic Not!! Ms Sebelious has a plan! Have less children!

Damn that woman is an idiot.

 

[starcraftzzz]

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News

Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

So do I.

Here it is.
"That legislation fixed a glitch in the health care overhaul law that would have allowed some middle-class people to get virtually free insurance from Medicaid. As a result, projected Medicaid spending under the health care law will drop significantly. But spending for subsidies in the exchanges will go up."

 

[Conservative]

Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News

Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

So do I.

Here it is.
"That legislation fixed a glitch in the health care overhaul law that would have allowed some middle-class people to get virtually free insurance from Medicaid. As a result, projected Medicaid spending under the health care law will drop significantly. But spending for subsidies in the exchanges will go up."

show me where this accounts for 111 billion. Find a link to that.

 

[Zander]

ObamaCare!! It's only a few thousand pages long, with another few thousand pages of regulations. It's light, easy reading that anyone can read, understand and use.

[ame=http://www.youtube.com/watch?v=KoE1R-xH5To]Pelosi: we have to pass the health care bill so that you can find out what is in it - YouTube[/ame]

 

[asaratis]

[sarc]Oh, not to worry! 111 Billion is less than two tenths of a TRILLION! [/sarc]

I guess this increase in cost is part of what Nancy Pelosi said we will find out after we pass the bill.

 

[PoliticalChic]

1.Obamacare will collect more than $500 billion in new taxes and take $575 billion from Medicare over the next ten years.
a. Two new entitlements, plus a big Medicaid expansion, are created to reduce the number of uninsured, at a cost of at least $2.3 trillion- that’s TRILLION- over the first ten years of full implementation.
2. With each passing year new taxes will be imposed. As disclosed on the attached chart from the
California Hospital Association:
• 2011: A 2.5% excise tax is imposed on pharmaceuticals. (This is part of the plan to pay for the
reform law.) This cost – which will be in the billions of dollars - will be passed on to health care
providers, primarily hospitals, who already operate with very thin margins, and will be under
great financial pressure to raise their rates to pay for it, with resulting price pressure on health
insurance premiums.
• 2012: That excise tax increases to 3%.
• 2013: A separate 2.9% excise tax on medical devices will begin. The same pass-through will take
place, creating the same pressures on providers and on insurance premiums.
• 2014: An $8 billion fee on health insurance premiums kicks in. Obviously consumers will bear
this tax and their premiums will rise.
Because of all these costs, Obamacare is generally unsustainable. Here is one study that addresses that
issue:
Obamacare: The Real Price Tag is a Moving Target

1/a.) You are being dishonest you only include spednign cuts and tax increase for the first 10 years of partial implementation but then you use the ten years of full implementation to gauge the costs. When you actually look at the total data Obamacare cuts the deficit and reduce total spending.
2) The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds

1. Why is it that the Left Janissaries use language such as "dishonest" rather than say wrong, or in error...?
I always wonder whether it is poor upbringing...or a personality defect.
Care to share?

2. While half of the costs for Obamacare are stolen from Medicare, the other half will come from increases in taxes. The Obamacare tax increases will total $503 billion between 2010 and 2019.
JCX-17-10

a. There are taxes on investments, and on higher-income taxpayers. Small businesses will be burdened with mountains of paperwork (IRS reports of any sum over $600 per vendor…designed to catch tax cheats, and raise $17 billion over ten years).

b. But most of the PPACA taxes will be related to health care, and as such, will affect all Americans. An example, is the limitation on the Blue Cross/Blue Shield special tax deduction. Who so you suppose will be paying that increase? “Based on a research study commissioned by the Blue Cross Blue Shield Association, we believe that premiums will increase as a result of provisions in the reform legislation that will guarantee richer levels of benefits…”
Blue Cross Blue Shield

c. Health care spending accounts, presently tax-favored, there will be an increased 20% tax penalty (double what is was) if you purchase goods disallowed by the law, including a new tax on brand name drugs. Companies providing medical devices and insurance will see new taxes that will assuredly be passed on to consumers.

d. Most of the new taxes kick in after the election…including an increase in the Medicare payroll tax from 2.9 to 3.8%, if you and your spouse earn over $250,000. And a new 3.8% tax on ‘unearned’ or investment income, if you reach a certain income threshold: stocks, bonds, dividends, rents and even the sale of your home! http://everythinghealthcare.wordpress.com/2010/

e. CBO states Medicare taxes will account for $210 billion in additional federal revenue between 2010 and 2019. Baker Hostetler | News / Resources | Health Law Update

f. In 2018, there will be a tax on “Cadillac high-value” policies, @ $10,200/ individual and $27, 500/ families, the insurance company will pay an excise tax of 40% on any thing above that, and this is expected to raise $32 billion during the first two years alone. Care to guess what will happen to premiums?


3. Now, let's consider your degree of gullibility...

a. " ...total data Obamacare cuts the deficit and reduce total spending."
So, you contend that an administration that has twice predicted the turnaround in the economy, as in "the summer of recovery," will accurately predict the costs a decade hence? Three years ago: President Obama said of his plan to fix the financial crisis that “if I don’t have this done in three years, then there’s going to be a one-term proposition.”
How'd he do?

So...you'll believe anything, eh?


b. "The tax on pharmaceuticals is a surtax that taxes companies a certain percent based on how much money they waste, meaning the tax provides pharm companies to better manage their funds."

So, when it comes to the market, you subscribe to the idea that private corporations can learn how to be more efficient from government....
... ???
And, you believe it to be a wise idea having bureaucrats telling the private corporations how much they are 'wasting'?


David Blaine never made anything disappear as fast as your reputation.