Posted on 01/27/2015 1:09:35 PM PST by SeekAndFind
* Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years
* Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare
* The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best
* The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance
* Numbers assume Obamacare insurance exchange enrollment will double between now and 2025
It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday. The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook.
The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.
Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.
(Excerpt) Read more at dailymail.co.uk ...
MORE “GOOD” NEWS:
It will take $1.993 trillio to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children’s Health Insurance Program) costs.
Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.
That revenue includes quickly escalating penalties – or ‘taxes,’ as the U.S. Supreme Court described them – on people who resist Washington’s command to buy medical insurance.
It also includes income from a controversial medical device tax.
The first thing President Cruz must do is repeal ObamaCare.
Hopefully that will cut our losses to only a trillion dollars or so.
And none dare call it reparations.
Remember, these guys are very conscious of “disparate impact” and “racial justice.” Statistically speaking, who pays and cui bono (who benefits)?
We’ll never get back the decade that obama and the left stole from us, though.
Guess I figured about right......1 billion to 1.5 billion loss, and LOUSY health care. Jail is far too lenient for those who voted for this.
I’m absolutely sure the same analysis was done vis the 529 tax break.
That is PER YEAR.
The list, Ping
Let me know if you would like to be on or off the ping list
That’s $10K to $20K for health insurance and $30K to $40K for the additional government drones that were hired to administer it. Government. Never. Works. It always adds cost — useless workers to half-assed administer the program instead of having productive jobs.
TRILLION, that is....
“Jail is far too lenient for those who voted for this.”
The ONLY saving grace in all of this is that not a SINGLE Republican voted for this disaster.
However, they sure as hell don’t seem to be doing anything to STOP it, now that it’s ‘settled law.’ *SPIT*
Obamunism is an $8trillion dollar slush fund that will forever fund the Democrat party just off of the kickbacks doled out to connected interests.
You didn’t get yours?
Decade? If only.
We as a nation are still suffering the disastrous after effects of LBJ’s Great Society. His establishment of the Welfare Class and entitlements out the Obama are still killing us.
So what will the Obama effects be long term? How many decades will it take for America to overcome the Kenyan’s Regime of Hope and Change?
He promised to radically change America. Damn, did he succeed.
Kinda like the housing bailout - they could have spent less money just paying off everyone’s mortgage than they spent covering the banks.
They probably could have spent less just purchasing private insurance for these people than they spent on the rube goldberg system they constructed to insure them.
The title, the assignment of “insurance”, or “Health insurance” if you will is nothing more than a ruse, a deception to divert attention from the real purpose of the ACA, which is control.
The destruction of the people’s government, the people’s house is to strike fear in their hearts, and minds, thus create control of the people by the aggressors in this case the Left, and their association with other leading entities intent upon World rule.
We must understand what they are doing, who they are, and eliminate them if we are to be free.
RE: The first thing President Cruz must do is repeal ObamaCare.
We’ll need Republicans in control of BOTH houses and the Presidency for that to happen.
Otherwise, Obamacare is here to stay.
Me, too. I thought they just used "disparate impact" as a litigation tool. They seem to really believe it, and believe the racial justice crap, too. Not that their belief descends to a position on black crime or welfare abuse, of course.
The GOPe, which as we know is “bought & paid for” want Obamacare, so the rich can dump the cost of health care onto the vast middle class (whatever is left of it)
” RE: The first thing President Cruz must do is repeal ObamaCare.
We’ll need Republicans in control of BOTH houses and the Presidency for that to happen.
Otherwise, Obamacare is here to stay.”
Correct, but even if by some twist of fate, it is killed, our medical system will take YEARS to repair.
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