Obamacare to cost $1.76 trillion over 10 yrs

[get_involved]

"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."

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

 

[MolochSolomon]

Obama, Bush, Clinton, Romney, Newt, and Santorum are all friends. If you get caught up in the show, so be it. They're war criminals and gangsters pretending to be politicians.

 

[Flopper]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

 

[OohPooPahDoo]

"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."

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

You know what's funny? I was at "new employee orientation" a few weeks ago. I live in a majority conservative state, thus I'm quite sure there were at least a few conservatives at this 30+ person orientation.

When it was explained to us that all of the health care plans had no lifetime maximum - NO ONE COMPLAINED! Its interesting that in a conservative state no one would bitch about the results of Obamacare, isn't it? Funny how no one has complained that minors with pre-existing conditions cannot be denied health care insurance, either, isn't it?

As always - the right hates socialism, except when it benefits them. That's how you wind up with signs that say "keep government out of my medicare!"

 

[Quantum Windbag]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

Feel free to read the report and actually show me where they did not actually count the cost of Obamacare as being what I posted. Or, feel free to do what everyone else is doing and take snippets from the report in an attempt to argue that Obamacare is going to save money. Since the CBO is counting the entire cost of Obamacare, not just the direct costs of the PPACA, the $1.76 trillion is the number that is pertinent.

 

[Flopper]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

Feel free to read the report and actually show me where they did not actually count the cost of Obamacare as being what I posted. Or, feel free to do what everyone else is doing and take snippets from the report in an attempt to argue that Obamacare is going to save money. Since the CBO is counting the entire cost of Obamacare, not just the direct costs of the PPACA, the $1.76 trillion is the number that is pertinent.

It would be foolish to argue that providing health insurance to millions of uninsured and guaranteeing the access to health insurance to all will be done without increased federal spending. However, it would be equally foolish to argue that there is no financial benefit to the nation.

 

[RightWingFerret]

The Dem's are a failure at doing math. They probably hired the Cookie Monster to do the cacluations for Obama-Care.

 

[Quantum Windbag]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

Feel free to read the report and actually show me where they did not actually count the cost of Obamacare as being what I posted. Or, feel free to do what everyone else is doing and take snippets from the report in an attempt to argue that Obamacare is going to save money. Since the CBO is counting the entire cost of Obamacare, not just the direct costs of the PPACA, the $1.76 trillion is the number that is pertinent.

It would be foolish to argue that providing health insurance to millions of uninsured and guaranteeing the access to health insurance to all will be done without increased federal spending. However, it would be equally foolish to argue that there is no financial benefit to the nation.

Yet that is exactly what Obama, and all the supporters of the PPACA argued, so we have already established that Obama is foolish, we are clearly making progress.

 

[Liability]

Averaged out, that's "only" $.176 trillion per year.

 

[RightWingFerret]

do Obama Kool-Aid robots know how much a trillion is? and do the babies know that there are less than 300,000 millionaires in the USA? the dodo's always assume that all the millionaires just have a few trillion amongst them to just hand to the Democrats.

 

[thereisnospoon]

"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."

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

You know what's funny? I was at "new employee orientation" a few weeks ago. I live in a majority conservative state, thus I'm quite sure there were at least a few conservatives at this 30+ person orientation.

When it was explained to us that all of the health care plans had no lifetime maximum - NO ONE COMPLAINED! Its interesting that in a conservative state no one would bitch about the results of Obamacare, isn't it? Funny how no one has complained that minors with pre-existing conditions cannot be denied health care insurance, either, isn't it?

As always - the right hates socialism, except when it benefits them. That's how you wind up with signs that say "keep government out of my medicare!"

Are you on crack? Do you really expect brand new hires to be vocal in an "new employee orientation"?
BTW, our health insurance through Mrs. Spoon's employer has no lifetime maximum either. What's your point?

 

[thereisnospoon]

do Obama Kool-Aid robots know how much a trillion is? and do the babies know that there are less than 300,000 millionaires in the USA? the dodo's always assume that all the millionaires just have a few trillion amongst them to just hand to the Democrats.

Most people...Probably 99% of them cannot conceptualize "trillion"..
To put "trillion" into perspective....One trillion seconds equals more than THREE THOUSAND ONE HUNDRED YEARS.

 

[thereisnospoon]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

The numbers are correct. The source simply reported the figures provided by the CBO.

 

[RightWingFerret]

the average Obama supporter are so braindead, if you asked one how far 15 trillion streached out in singles would be (like in miles), the dufasses will probably say something like,,,,uhmm,,err,,,15 trillion in dollar bills will stretch out to about 10 miles.
{hey,,,,isnt it more like to planet Uranus?)

 

[sealybobo]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

The Cost of Obamacare Has Gone Down, Not Up

Republicans rushed to the microphones to announce that new projections show that Obamacare will break the bank. In fact, says Fox News, a CBO reports says that it will cost "twice as much as the original $900 billion price tag."

You will be unsurprised to learn that this is not true. The previous CBO report estimated the costs of expanded insurance coverage between 2012-21. The new report covers 2012-22. In other words, the new report includes an extra year compared to the previous one. That's the main reason that costs are higher.

As Table 1 shows, if you compare the original 2012-21 time period, CBO's new estimate of the cost of Obamacare is $48 billion less than it was last year.

Moral of this story: Never believe anything that Republicans say about Obamacare until you check out the source yourself. But you already knew that.

The Cost of Obamacare Has Gone Down, Not Up | Mother Jones

 

[sealybobo]

Did you know?

1. There will be non-profit insurers offering health care plans in the exchanges on top of traditional private insurers (regulated STRONGLY by the health care law). The public option never really disappeared. It was just replaced with non-profit language that will turn into non-profit options just as strong as the proposed public option.

2. Medicaid will be significantly expanded to 15 million poor uninsured americans in 2014.

3. Medicare's trust fund will be extended 12 years. Seniors have free preventive care and check ups. Lots of money have been saved through waste trimming and fraud recollecting.

4. Coverage will be very affordable for small businesses.

5. For everyone up to 400% of the poverty level (millions and millions of americans are under this category), huge tax credits will be available to help them afford coverage.

6. Preventive care will be free in all insurance plans eventually as all plans lose their grandfathered status.

7. Community Health centers will be invested on and will significantly impact health care for the better.

8. The rich people start paying their fair share as promised by Obama in 2013. Payroll taxes on people earning incomes of 250,000 dollars go up. It was a key element in the payment mechanism of the bill. The Bush tax cuts for the rich will expire at the end of this year too.

Daily Kos: some shocking Obamacares facts

 

[francoHFW]

The OP is absolute Pubcrappe- AGAIN: The CBO estimates the costs for ten years in the future- so OF COURSE it's more expensive when it includes more years after it's implemented...ALSO, the CBO doesn't include much of the SAVINGS...

Change the channel, morons, this is nothing new. "Rush IS a big, fat liar"...

 

[Quantum Windbag]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

The Cost of Obamacare Has Gone Down, Not Up

Republicans rushed to the microphones to announce that new projections show that Obamacare will break the bank. In fact, says Fox News, a CBO reports says that it will cost "twice as much as the original $900 billion price tag."

You will be unsurprised to learn that this is not true. The previous CBO report estimated the costs of expanded insurance coverage between 2012-21. The new report covers 2012-22. In other words, the new report includes an extra year compared to the previous one. That's the main reason that costs are higher.

As Table 1 shows, if you compare the original 2012-21 time period, CBO's new estimate of the cost of Obamacare is $48 billion less than it was last year.

Moral of this story: Never believe anything that Republicans say about Obamacare until you check out the source yourself. But you already knew that.

The Cost of Obamacare Has Gone Down, Not Up | Mother Jones

Mother Jones is contradicting the CBO.

 

[sealybobo]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

The Cost of Obamacare Has Gone Down, Not Up

Republicans rushed to the microphones to announce that new projections show that Obamacare will break the bank. In fact, says Fox News, a CBO reports says that it will cost "twice as much as the original $900 billion price tag."

You will be unsurprised to learn that this is not true. The previous CBO report estimated the costs of expanded insurance coverage between 2012-21. The new report covers 2012-22. In other words, the new report includes an extra year compared to the previous one. That's the main reason that costs are higher.

As Table 1 shows, if you compare the original 2012-21 time period, CBO's new estimate of the cost of Obamacare is $48 billion less than it was last year.

Moral of this story: Never believe anything that Republicans say about Obamacare until you check out the source yourself. But you already knew that.

The Cost of Obamacare Has Gone Down, Not Up | Mother Jones

Mother Jones is contradicting the CBO.

No. the new report includes an extra year compared to the previous one. That's the main reason that costs are higher. This is one small example of how Republicans lie or don't tell the whole story.

If they were telling the truth, they wouldn't get caught lying so much.

 

[sealybobo]

Why not reference the actual CBO estimate. The Washington Examiner is not exactly an unbiased source.

The Cost of Obamacare Has Gone Down, Not Up

Republicans rushed to the microphones to announce that new projections show that Obamacare will break the bank. In fact, says Fox News, a CBO reports says that it will cost "twice as much as the original $900 billion price tag."

You will be unsurprised to learn that this is not true. The previous CBO report estimated the costs of expanded insurance coverage between 2012-21. The new report covers 2012-22. In other words, the new report includes an extra year compared to the previous one. That's the main reason that costs are higher.

As Table 1 shows, if you compare the original 2012-21 time period, CBO's new estimate of the cost of Obamacare is $48 billion less than it was last year.

Moral of this story: Never believe anything that Republicans say about Obamacare until you check out the source yourself. But you already knew that.

The Cost of Obamacare Has Gone Down, Not Up | Mother Jones

Mother Jones is contradicting the CBO.

If you lie to me once, don't expect me to listen to your second explanation.

Reminds me of the reason why we were in Iraq. After it was exposed that WMD's was not the real reason we were there, I stopped buying all the other reasons that followed that lie assuming they too were lies.

First they said we were there for WMD's, then it was for Freedom, then it was to fight them over there so we woudn't have to fight them at home, etc. Remember those lies one after another?

Drill baby drill and Refineries and Obama are not the reason for high gas prices. Move on.