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Author Topic: New CBO estimate increases 10-year cost of Obamacare from $940B to $1.76T [Locked]
Sansfear  3 stars
Posts: 757
Registered: 2008-8-31 05:04:52
The bright side is $1.76T will be a lot less than next year's estimate.

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-obamacare-cost-176-trillion-over-10-yrs/425831

Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
Did you read the article?

 

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Remnant_OBrien  2 stars
Posts: 297
Registered: 2003-5-11 17:03:52
Well its another reason to end the Bush tax cuts.

 

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Koneg  3 stars
Title: Evil Genius
Posts: 894
Registered: 2001-12-4 15:31:28
Remnant_OBrien posted:

The government spends more than it receives. Obviously the problem is that it doesn't receive enough!



 

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Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Article Rakhir Obviously Didn't Read posted:

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.
-Espiritu-  2 stars
Posts: 269
Registered: 2004-11-29 18:27:00
Obama care will cost more than $1T per annum by 2022. That is unless they have full scale rationing and death panels operational before we reach this point.

 

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Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Espiritool strikes again!
Sansfear  3 stars
Posts: 757
Registered: 2008-8-31 05:04:52
Yukishiro1 posted:

Article Rakhir Obviously Didn't Read posted:

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.




Thanks for proving my point. We knew up front that they were lying with their estimates, and now we've been proven correct. We just didn't know how badly we'd been lied to until now (actually, we still don't, since next year's estimate will be even higher).

If Obamacare had been estimated to cost $1.76T when it was being debated it never would have passed.
Bjorvald  2 stars
Posts: 334
Registered: 2002-4-5 20:51:00
Unpossible!

 

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Elocism  3 stars
Title: Pseudonym
Posts: 787
Registered: 2002-5-3 01:50:00
Supreme Court is going to strike this garbage down anyway

 

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