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WASHINGTON (AP) - Congressional budget referees say President Barack Obama's new health care law could potentially add another $115 billion over 10 years to government health care spending.
WASHINGTON (AP) - Congressional budget referees say President Barack Obama's new health care law could potentially add another $115 billion over 10 years to government health care spending.
"The Congressional Budget Office said Tuesday the added spending includes $10 billion to $20 billion in administrative costs to federal agencies carrying out the law, as well as $34 billion for community health centers and $39 billion for American Indian health care.
The additional spending is not automatic, however. Congress would have to specifically release the funds."
So what? It's going to be free for 50% of the population anyway.
When small businesses shut their doors and layoff even more employees, people will start to notice. Without small businesses hiring again, the economy will never resume functioning.
This massive new expansion of entitlements will hurt a lot more than the consumer (who eventually pays all taxes, business and personal). It hurts future taxpayers, as politicians start thinking about just how long they can keep shifting the load of current government spending to taxpayers not yet born.
Adding a massive intrusion of all levels of government into the already overly bureaucratic health care industry is like taking the insurance industry, and making it twice as complicated.
Each state must now figure out how to how pay THEIR PORTION of Obamacare, just when they are pretty much bankrupt. Yet another unfunded mandate.
"The Congressional Budget Office said Tuesday the added spending includes $10 billion to $20 billion in administrative costs to federal agencies carrying out the law, as well as $34 billion for community health centers and $39 billion for American Indian health care.
The additional spending is not automatic, however. Congress would have to specifically release the funds."
Democratic leaders are looking in the next three weeks to send President Barack Obama a slew of measures that cost more than $200 billion, including a multiyear extension of unemployment benefits, an extension of expiring tax provisions and Medicare doctor payments totaling $180 billion and a $33 billion Afghanistan war supplemental bill.
When small businesses shut their doors and layoff even more employees, people will start to notice. Without small businesses hiring again, the economy will never resume functioning.
This massive new expansion of entitlements will hurt a lot more than the consumer (who eventually pays all taxes, business and personal). It hurts future taxpayers, as politicians start thinking about just how long they can keep shifting the load of current government spending to taxpayers not yet born.
Adding a massive intrusion of all levels of government into the already overly bureaucratic health care industry is like taking the insurance industry, and making it twice as complicated.
Each state must now figure out how to how pay THEIR PORTION of Obamacare, just when they are pretty much bankrupt. Yet another unfunded mandate.
I agree with you 100%. I was trying to provoke some thinking with my comment.
1-Will the price remain under a trillion like Obama promised
2-Will it NOT add to the deficit
3-Will it lower medical cost for America
This thread is about the healthcare bill if you wish to talk about defense spending that would be for another thread Thanks
lol You act like breaking down the amount over years will change the total amount lmbo
Yes lets just keep spending and pretend its not going to count Its magic money being spent
1. I don't know or care. The "additional cost" to the Federal budget is around 1%
2. It will lower the deficit because the revenue taken in exceeds more than the "additional spending"....the CBO has verified this.
3. No it will not lower costs. Thanks to the GOP along with the Conservative Blue Dog partners...the public option which would have put pricing pressure on the health industry was defeated.
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4 Reasons We Should Care
