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Bill that would gut Obamacare would save half a trillion over next decade
American Thinker ^ | 01/05/2016 | Rick Moran

Posted on 01/05/2016 8:20:38 AM PST by SeekAndFind

A bill that would repeal nearly all Obamacare taxes and mandates will save the taxpayer more than $500 billion over the next decade, according to the Congressional Budget Office.

This is more than originally thought because Republicans successfully delayed the medical devices tax and the "Cadillac Tax" for several years.

The Hill:

Legislation to gut most of ObamaCare's mandates and taxes, known as Restoring Americans’ Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the Congressional Budget Office (CBO).

The bill is expected to get a vote in the House this week, and it has already been approved by the Senate. President Obama has said he would veto the bill.

The CBO had previously said the bill would reduce deficits by $474 billion, but the estimates have been reduced in light of the recently enacted governing spending bill. That funding bill, which has already been signed by Obama, delays three key healthcare taxes, which each would have brought billions in revenues.

As part of a congressional deal reached on the spending bill, the so-called Cadillac tax on high-cost healthcare plans is delayed for two years and the medical device tax and the health insurance "premium" tax are paused for two years and one year, respectively.  

Republicans are looking to pass their latest bill targeting ObamaCare through a budget process known as reconciliation. Under the Senate’s rules, a party that controls both chambers can pass legislation with a simple majority, sending a bill gutting ObamaCare to the president’s desk for the first time.

That number is somewhat deceiving, because there will almost certainly be an effort to pass some kind of health insurance reform. 

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 0carenightmare; abolishobamacare; deficit; obamacare; obamacarecosts

1 posted on 01/05/2016 8:20:38 AM PST by SeekAndFind
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To: SeekAndFind

How about “we” save “it” all and totally defund it. Prolly not gonna happen. Heck, with the current crop of clowns, there will probably be an increase.

2 posted on 01/05/2016 8:23:54 AM PST by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: SeekAndFind

In the tyrannical era of Hussein the monster, we’ve learned, or should have learned, that any statistic claim or budgetary assertion made by any agency of the US government is, prima facie, absolute, unadulterated bullshit. Any argument that uses a governmental statistic as its foundation is total nonsense and should be dismissed out of hand. And that’s that!

3 posted on 01/05/2016 8:26:36 AM PST by DrPretorius
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To: SeekAndFind

Repealing all of obamacare would save half a trillion the following week.

4 posted on 01/05/2016 8:29:14 AM PST by fella ("As it was before Noah so shall it be again,")
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To: SeekAndFind

KEWL. Who will sign it into law?

5 posted on 01/05/2016 8:30:22 AM PST by Don Corleone ("Oil the the cannoli. Take it to the Mattress.")
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To: SeekAndFind
What does "save" $500B actually mean? Does that mean the spending INCREASE is $500B less than projected? If so, we aren't "saving" anything. We're still losing our a$$ and increasing spending.

We need to eliminate baseline budgeting and talk about real numbers, real increases and decreases in spending year over year. I wish Trump and Cruz would talk about that.

6 posted on 01/05/2016 8:32:08 AM PST by Paco
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To: SeekAndFind
will save the taxpayer more than $500 billion
The taxpayer? Who gives a krap about them anymore?
Elected officials do more for illegal aliens and the Takers of Society while viewing taxpayers with distain.
Time for term limits for all polititians.
7 posted on 01/05/2016 8:49:13 AM PST by oh8eleven (RVN '67-'68)
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To: SeekAndFind

Andrew Malcolm

Political News & Commentary

ObamaCare Extended To Policing Gun Ownership


11:09 AM ET

“If you like your gun, you can keep your gun” is definitely not anything you’ll be hearing from President Obama soon.

You may never have thought that a simple visit to the doctor could lead to the FBI breathing down your neck, but the president’s new executive actions on gun control could lead to just that, mortally wounding the long-established presumption of doctor-patient confidentiality.

Obama’s directives apparently trump long-standing federal rules preventing doctors from disclosing mental health matters. Now the executive branch will “expressly permit certain HIPAA (Health Insurance Portability and Accountability Act of 1996) covered entities to disclose to the National Instant Criminal Background Check System (NICS) the identities of individuals who are subject to a Federal ‘mental health prohibitor’ that disqualifies them from shipping, transporting, possessing or receiving a firearm.”

Currently, if a doctor discloses a patient’s private information without that patient’s authorization, the physician could be sued for malpractice or invasion of privacy. The president now apparently wants violating that confidential bond to be treated as an act that promotes public safety.

And the question of “mental health” is entirely subjective. If you tell your doctor you woke up Monday morning feeling like killing yourself, or that your spouse made you mad enough to reach for your hunting rifle, will that warrant a call to the FBI? Will a federal SWAT team then pounce, just in case you have a gun or two in the house? Such law enforcement overreach is by no means an outlandish scenario.

The ObamaCare database, it turns out, was only the beginning of this administration’s violations of the medical privacy of Americans. Now doctors are set to be enlisted in the nation’s federal gun police.

8 posted on 01/05/2016 9:16:36 AM PST by KeyLargo
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To: oh8eleven

Actually, it’s refreshing to see an acknowledgment of where those funds are extracted.

Course, if D.C. followed the Constitution, I could show a CONSIDERABLE savings to the taxpayers as well.

9 posted on 01/05/2016 12:14:59 PM PST by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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