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President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
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.
(Full text of the article can be read at the above URL)
President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.
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.
(Full text of the article can be read at the above URL)
I am not allowed to rep you so soon, but let me say that this is one great post with too much good and truth in it for many of our people to accept. I heard two black people, one from each sex, talking just a bit ago and they said that we must keep talking about these things although many people will refuse to let their minds be swayed. Keep up the good work.
I am not allowed to rep you so soon, but let me say that this is one great post with too much good and truth in it for many of our people to accept. I heard two black people, one from each sex, talking just a bit ago and they said that we must keep talking about these things although many people will refuse to let their minds be swayed. Keep up the good work.
Sadly, the black folk I hear talking at work (when they think we can't hear) is:
'whitey gonna get his, he be paying for all my chillin' and now my own doctorin' too cuz I just be payin' any fines they tack on with my refund chilecare credit. oh yeah he gonna pay out the ass now thanks to obama!'
Then the conversation changes to rap or other such crap as the rest of us enter the breakroom.
We've got several double-digit-pages threads going on Limbaugh and Palin. You'll be lucky to get three posts from left-wing posters in reply to this one.
Anyway laws of economics have not been repealed with the passage of Obamacare. Any good or service that is socialized is going to increase in cost, and decrease in quality. Some things, such as roads, national defense, fire, parks, etc. are inherently resistant to privitization. Health care is not one of them.
I thnik perhaps when the reqal cost directly to taxpayers to fund it starting with huge state increases to fund expanded medicaid rolls;it will hit people badly.Right now cost are comig fro the 500 billion cuts to medicare.Its also a fact thaqt those whpose employers provide coverage have many options that are not so good for and increase employee cost .
The CBO isn't taking into account that healthcare prices, even medicare, are rising less then expected. If this keeps up, the affordable healtcare act will cost less then expected, not more. The numbers the CBO is projecting are based on rising costs at the previous rate, not the current.
LOL... Congress demanded ? Wasn't it Congress that kept sending the bill back to the CBO over and over and over until the CBO gave it a thumbs up ?
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