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Old 03-13-2012, 05:00 PM
 
Location: San Diego, CA
10,581 posts, read 9,785,325 times
Reputation: 4174

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A few weeks ago, Congress demanded to know why the cost of Obamacare has quietly risen more than 30% in the President's latest budget (see Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News ).

Well, a new report out today from the Congressional Budget Office (CBO), says that Obamacare's costs are going to rise even more than that.

Sounds like "Hope and Change" has morphed into "The costs we promised you are changing, and you'd better Hope they don't Change any more!"

---------------------------------------------------------------

CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington Examiner

CBO: Obamacare to cost $1.76 trillion over 10 yrs

by Philip Klein
Senior Editorial Writer

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)
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Old 03-13-2012, 05:04 PM
 
9,848 posts, read 8,283,089 times
Reputation: 3296
OBAMA 2012, are you getting fooled again?
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Old 03-13-2012, 05:07 PM
 
45,226 posts, read 26,450,499 times
Reputation: 24984
There was a reason it had to be urgently passed.
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Old 03-13-2012, 05:11 PM
 
Location: Southcentral Kansas
44,882 posts, read 33,274,487 times
Reputation: 4269
Quote:
Originally Posted by Little-Acorn View Post
A few weeks ago, Congress demanded to know why the cost of Obamacare has quietly risen more than 30% in the President's latest budget (see Lawmaker Wants Answers After Cost Estimate For Health Insurance Aid Rises By $111B | Fox News ).

Well, a new report out today from the Congressional Budget Office (CBO), says that Obamacare's costs are going to rise even more than that.

Sounds like "Hope and Change" has morphed into "The costs we promised you are changing, and you'd better Hope they don't Change any more!"

---------------------------------------------------------------

CBO: Obamacare to cost $1.76 trillion over 10 yrs | Campaign 2012 | Washington Examiner

CBO: Obamacare to cost $1.76 trillion over 10 yrs

by Philip Klein
Senior Editorial Writer

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.
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Old 03-13-2012, 05:19 PM
 
Location: My little patch of Earth
6,193 posts, read 5,369,433 times
Reputation: 3059
Quote:
Originally Posted by roysoldboy View Post
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.

The look on their faces makes me sick.
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Old 03-13-2012, 05:21 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,364,082 times
Reputation: 7990
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.
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Old 03-13-2012, 05:31 PM
 
48,502 posts, read 96,867,563 times
Reputation: 18304
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 .
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Old 03-13-2012, 05:33 PM
 
Location: Sango, TN
24,868 posts, read 24,392,645 times
Reputation: 8672
Medicare Premiums Rise Less Than Expected - WSJ.com

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.
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Old 03-13-2012, 05:37 PM
Status: "Apparently the worst poster on CD" (set 28 days ago)
 
27,647 posts, read 16,138,284 times
Reputation: 19074
In 10 years that figure will probably triple
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Old 03-13-2012, 05:46 PM
 
Location: Great State of Texas
86,052 posts, read 84,495,743 times
Reputation: 27720
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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