Obamocracy - love it or leave it

[waltky]

Obamacare to cost twice as much as expected...

New CBO health law estimate shows much higher spending past first 10 years
March 14, 2012 | The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022. That only counts the cost of coverage, not implementation costs and other changes. "The bill spends more than the president promised, it covers fewer people -- probably 2 million fewer people -- and it taxes more than was expected," said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee.

The first estimates of the cost of the health care bill included three years before the bill even took effect, so there was little or no spending, making the full 10 years look less expensive. Sessions notes that the $1.76 trillion estimate includes only the costs of coverage, not implementation and other costs. He argues that all those drive the price up even further over the first full 10 years of the law. "The full accounting of the bill is $2.6 trillion. That's a fair and accurate analysis of what the bill would cost, according to CBO," Sessions said, noting how the cost dwarfs the fight over the 10-year debt reduction plan debated last year. "We spent a whole summer fighting over a way to reduce spending by $2.1 trillion and here this bill is going add $2.6 trillion more in spending."

Budget watchdogs note that before the bill passed into law, Republicans warned the price tag was bound to go up -- since the expenditures and receipts covered different time periods. "Spending doesn't begin until 2014, and so you got to count a couple of years where nothing was going on," said Doug Holtz-Eakin, director of Committee for a Responsible Budget. "If you have a big spending program and you count 10 years of it instead of eight years, you get a much bigger number, which is what we've done. ..."Now those years are steadily going into the rearview mirror and what we're instead (at) are years where it's fully implemented," Holtz-Eakin continued. "The Affordable Care Act is going to cost a lot of money."

Read more: New CBO Health Law Estimate Shows Much Higher Spending Past First 10 Years | Fox News

 

[Syphon]

Obamacare to cost twice as much as expected...

New CBO health law estimate shows much higher spending past first 10 years
March 14, 2012 | The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022. That only counts the cost of coverage, not implementation costs and other changes. "The bill spends more than the president promised, it covers fewer people -- probably 2 million fewer people -- and it taxes more than was expected," said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee.

The first estimates of the cost of the health care bill included three years before the bill even took effect, so there was little or no spending, making the full 10 years look less expensive. Sessions notes that the $1.76 trillion estimate includes only the costs of coverage, not implementation and other costs. He argues that all those drive the price up even further over the first full 10 years of the law. "The full accounting of the bill is $2.6 trillion. That's a fair and accurate analysis of what the bill would cost, according to CBO," Sessions said, noting how the cost dwarfs the fight over the 10-year debt reduction plan debated last year. "We spent a whole summer fighting over a way to reduce spending by $2.1 trillion and here this bill is going add $2.6 trillion more in spending."

Budget watchdogs note that before the bill passed into law, Republicans warned the price tag was bound to go up -- since the expenditures and receipts covered different time periods. "Spending doesn't begin until 2014, and so you got to count a couple of years where nothing was going on," said Doug Holtz-Eakin, director of Committee for a Responsible Budget. "If you have a big spending program and you count 10 years of it instead of eight years, you get a much bigger number, which is what we've done. ..."Now those years are steadily going into the rearview mirror and what we're instead (at) are years where it's fully implemented," Holtz-Eakin continued. "The Affordable Care Act is going to cost a lot of money."

Read more: New CBO Health Law Estimate Shows Much Higher Spending Past First 10 Years | Fox News

or not.
CBO lowers health reform cost estimate - CBS News

Total costs from 2012-2021 are about $50 billion lower than estimated last year. That's due to a combination of factors, including overall health care costs rising more slowly

 

[Full-Auto]

Obamacare to cost twice as much as expected...

New CBO health law estimate shows much higher spending past first 10 years
March 14, 2012 | The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022. That only counts the cost of coverage, not implementation costs and other changes. "The bill spends more than the president promised, it covers fewer people -- probably 2 million fewer people -- and it taxes more than was expected," said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee.

The first estimates of the cost of the health care bill included three years before the bill even took effect, so there was little or no spending, making the full 10 years look less expensive. Sessions notes that the $1.76 trillion estimate includes only the costs of coverage, not implementation and other costs. He argues that all those drive the price up even further over the first full 10 years of the law. "The full accounting of the bill is $2.6 trillion. That's a fair and accurate analysis of what the bill would cost, according to CBO," Sessions said, noting how the cost dwarfs the fight over the 10-year debt reduction plan debated last year. "We spent a whole summer fighting over a way to reduce spending by $2.1 trillion and here this bill is going add $2.6 trillion more in spending."

Budget watchdogs note that before the bill passed into law, Republicans warned the price tag was bound to go up -- since the expenditures and receipts covered different time periods. "Spending doesn't begin until 2014, and so you got to count a couple of years where nothing was going on," said Doug Holtz-Eakin, director of Committee for a Responsible Budget. "If you have a big spending program and you count 10 years of it instead of eight years, you get a much bigger number, which is what we've done. ..."Now those years are steadily going into the rearview mirror and what we're instead (at) are years where it's fully implemented," Holtz-Eakin continued. "The Affordable Care Act is going to cost a lot of money."

Read more: New CBO Health Law Estimate Shows Much Higher Spending Past First 10 Years | Fox News

or not.
CBO lowers health reform cost estimate - CBS News

Total costs from 2012-2021 are about $50 billion lower than estimated last year. That's due to a combination of factors, including overall health care costs rising more slowly

In order for the costs to be lower we must forget all the lies you told us it would cost, which is still double.

 

[JoeB131]

Constitution schmonstitution

What's your favorite Obama abuse of power?

Obamacare
Depriving American citizens of due process
Unilaterally declaring the Senate in recess
Ordering Catholics to pay for birth control, sterilization and abortifacients


That's off the top of my head. What else should I have included?

Is that really the best you have.

RomneyCare 2.0 is bad, but it's not like Romney has a better idea. It was his idea.

Not terribly concerned some terrorists is getting sent to his 72 virgins without due process. They stopped being Americans when they started hanging with Al Qaeda. (Seriously, you'd be all for this if Bush was doing it, which he did.)

Ordering employers to comply with the law is hardly an abuse. Next.

 

[JoeB131]

Cardinal Dolan’s Letter to the Bishops UPDATED | Why I Am Catholic

At a recent meeting between staff of the bishops’ conference and the White House staff, our staff members asked directly whether the broader concerns of religious freedom—that is, revisiting the straight-jacketing mandates, or broadening the maligned exemption—are all off the table. They were informed that they are. So much for “working out the wrinkles.” Instead, they advised the bishops’ conference that we should listen to the “enlightened” voices of accommodation, such as the recent, hardly surprising yet terribly unfortunate editorial in
America. The White House seems to think we bishops simply do not know or understand Catholic teaching and so, taking a cue from its own definition of religious freedom, now has nominated its own handpicked official Catholic teachers.

This sounds like what we like to tell ourselves could only have happened in the Soviet bloc or in some place like Tibet. The church is still allowed to go on but the state mandates a more "enlightened" doctrine.

I trust/pray the bishops will not let this drop.

I'm really having a hard time feeling bad for the Bishops. They've been throwing in with the liberals for years. They are the ones who want to give amnesty to illegals to put more butts in the pews. They were all for ObamaCare when they realized they would get huge windfalls from all the new payments.

Oh, but wait. They have to actually acknowledge reality, that 96% of sexually mature women in their church use birth control. Oh, snap.

 

[Syphon]

Obamacare to cost twice as much as expected...

New CBO health law estimate shows much higher spending past first 10 years
March 14, 2012 | The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

or not.
CBO lowers health reform cost estimate - CBS News

Total costs from 2012-2021 are about $50 billion lower than estimated last year. That's due to a combination of factors, including overall health care costs rising more slowly

In order for the costs to be lower we must forget all the lies you told us it would cost, which is still double.

going from $900B to $1.083T isnt a double in costs, no matter how bad your math is...

the GOP passed medicare part D didnt exactly meet estimates either.........