Posted on 06/20/2015 12:23:53 AM PDT by Libloather
With the U.S. Supreme Court set to rule on a key element of the Affordable Care Act (ACA), the Congressional Budget Office (CBO) has estimated the financial impact of repealing the health law on the economy.
Striking down Obamacare, as the federal insurance program is called, would increase the nation's budget deficit by a net $137 billion over a 10-year period, according to the nonpartisan CBO, which analyzes budgetary and economic issues on behalf of lawmakers.
The total budget gap between 2016 and 2025 would rise by $353 billion as a result of eliminating Obamacare, according to the CBO, which produced the report the staff of the Joint Committee on Taxation (JCT).
(Excerpt) Read more at cbsnews.com ...
But since words no longer mean things, that’s not a problem. In today’s Uniparty America, one simply says a thing and it is so. Men are women, Whites are black and redistributing the wealth is conservatism.
It’s really not a surprise why the 1936 communist Goals called for a takeover of education.
No. I’m already there.
That is a one time cost as opposed to the ongoing cost of trying to make it work
The only legitimate government function in these fields is to guarantee truth in advertising as extrapolated from the weights and measures clause of the Constitution.
And by the way, that would greatly serve to ameliorate the illegal immigration invasion when the invaders can't get medical care without paying for it- can't have babies in hospitals without paying for it.
IF IT SAVES JUST ONE CHILD while killing countless old people who are judged by the bureaucrats to be nonproductive and countless children who are judged to be handicapped and thus a greater expense than can be justified by their possible productivity...
You are so right.
Additionally, I don’t see anyone in Washington upset that me, a middle class 60 year old white woman, can’t afford “healthcare” anymore - where are the numbers in the media and from the government on people like me?
Where is the statistic about those who no longer have “insurance” because we have been stretched beyond our means?
In a rational system the useless bureaucrats would all be pensioned off at a dollar a year or sent to Antarctica with a $25 a day per diem and $100 a year budget to study penguins. or simply shot.
I’ll tell you what will happen to the majority of people — their costs will go down.
Twenty-six years ago my visit to a doctor cost me $35.00 out of pocket. I haven’t had need of a doctor in quite some time, but when I did five years ago, it cost me nearly $200.00. The doctor charged me $70.00 and the hospital (where his office is located) charged me $135.00 just for being on the premises.
Spend $137 billion and save $14 trillion - what’s the problem?
Yeah but how much will it save us in the future...
Wow..$137B. Seems like a bargain. Let’s repeal it.
Keeping Obamacare would increase the nation's budget deficit by a net $137 trillion over a 10-year period, and degrade healthcare in this country to the third world level.
The FOX business babe explained this yesterday .... when you get into the guts of the report, tax revenues will go down, that is the “cost”. Only to Leftists would ‘the people’ keeping more of their own money be a bad thing. Employment and GDP will go UP. GDP goes up by .7% which doesn’t look like much until you realize GDP is currently 2% (or thereabouts). Getting rid of Obamacare is good for the country (as WE all know), but the Leftists are spinning this report the other way .... as usual.
would increase the nation's budget deficit by a net $137 billion over a 10-year periodOh yeah, that makes perfect sense. Let's take the risk. Oh, and the CBO needs to be given a colonscopy, with Obama drones identified and kicked out onto the street.
“Of course the little fact that the people that are middle class and are subsidizing the lower class so that they can do little or no work and be covered while those paying for them can’t meet the high deductibles and premiums, thus effectively leaving them with no health care at all, is immaterial, don’t you know.”
spot on. Amen to that!
No problem. Pay for it with the new $10 notes. They are just going to be laying around in warehouses anyway.
No problemo—close the gap by elimination of the Depts. of Education, HUD, H&HS, Energy, and Labor. Pocket the change.
Win-win.
This is the same people that told us that OBAMA CARE would cost us less than a trillion dollars. One thing that this government will be famous for, that is they will cover one lie with another lie. And if that doesn’t work, they’ll find a way to lie again and again. Since we don’t have anything to go on, except listening to these government officials create one lie after another, we have to assume that anything this government says will be a lie. So, the best thing we can really do is to get rid of ALL THESE LIARS. It’ll be cheaper to start all over again, with different people that wont lie or at least lie less than what we have
They left out the old stand by line WOMEN AND CHILDREN TO BE IMPACTED THE MOST.
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