Quantcast

Obamacare to cost $1.76 trillion over 10 yrs - almost double of what he promised it would cost!

Quietman ~PWCM~JLA 2012/03/13 21:52:11
"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.

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.

Read More: http://campaign2012.washingtonexaminer.com/blogs/b...

You!
Add Photos & Videos

Top Opinion

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • luvguins 2012/03/30 22:48:07
    luvguins
    Ryan's plan and budget is due to cost TRILLIONS by 2050 and will not balance.
    http://www.politifact.com/tru...
  • Quietma... luvguins 2012/03/30 23:11:59
    Quietman   ~PWCM~JLA
    HYPOCRITE
  • luvguins Quietma... 2012/03/30 23:41:46
  • Quietma... luvguins 2012/03/31 07:44:19
    Quietman   ~PWCM~JLA
    The truth is one thing you wouldn't know if it was hanging off your a$$!!!!!!!!!!!!!!!!!!!
  • luvguins Quietma... 2012/03/31 16:23:48
    luvguins
    I know lies when I see them!!!!!!!!!!!!!!!!!
  • Quietma... luvguins 2012/03/31 20:07:16
    Quietman   ~PWCM~JLA
    Have you looked in a mirror lately?!

    obama zombie
  • luvguins Quietma... 2012/03/31 20:23:24 (edited)
    luvguins
    republican zombies


    Awww, a cowardly block from a impotent con who got owned. LOL.
  • Quietma... luvguins 2012/03/31 21:23:19
    Quietman   ~PWCM~JLA
    I'm Afraid you are completely wrong in this matter. If you look at my profile you'd see that I have no political affiliations, I can think for myself and decide who and what I believe, which is the complete opposite of you since you only parrot what you are told to believe!
  • jr 2012/03/13 23:38:53
  • Louisa - Enemy of the State 2012/03/13 23:23:28
    Louisa - Enemy of the State
    +1
    Then we should be the healthiest nation in the world! Of course we'll all be living in ghetto's and colleges will be closed.........but, we will be well tended by the medical community.
  • chgo 2012/03/13 23:06:50
    chgo
    The only answer is a single-payer healthcare system. An analysis of the United States National Health Care Act by Physicians for a National Health Program who estimated the savings at $350 billion per year in 2008 if we switched to aSingle-payer health care system. Others have estimated a 40% savings due to elimination of insurance company overhead costs.

    http://www.pnhp.org/facts/sin...
    http://www.ncbi.nlm.nih.gov/p...
    http://www.ncbi.nlm.nih.gov/p...
  • Quietma... chgo 2012/03/13 23:16:55
    Quietman   ~PWCM~JLA
    The only 'real' answer is to get government out of the health care business!
  • Harry 2012/03/13 22:54:55
    Harry
    +3
    Rule Number One for you beginners: Never fall for anything this president says.
  • Harry 2012/03/13 22:54:34
    Harry
    Rule Number One for your beginners: Never fall for anything this president says.
  • Walt 2012/03/13 22:48:31
  • redhorse29 2012/03/13 22:44:42
    redhorse29
    +1
    This is not true. More than likely in its current form it will cost more than $10 trillion dollars because of all the ancillary impact it will have on other aspects of government, business and personal life. The karma on this bill is bad bad bad.
  • mal 2012/03/13 22:25:51
    mal
    +2
    The nation will be belly up soon anyway.
  • Striker 2012/03/13 22:11:55
    Striker
    +2
    And the Dollar keeps on going down down down while the debt goes up up up. So the dominoes will fall fall fall. Who's gonna provide government anything from the halls of bankruptcy?
  • CUDDLY BUT STILL CRABBY 2012/03/13 22:09:14
    CUDDLY BUT STILL CRABBY
    +4
    Well sadly, when all is said and done and if Obamacare isn't overturned, if we have that much time left, the cost will EASILY exceed $5 TRILLION dollars in 10 years or less if you ask me.
  • Striker CUDDLY ... 2012/03/13 22:13:05
    Striker
    +2
    the deficit PLANNED for the next decade is about $1 trillion every year.
    It's soooooooooooooooo funny.
  • NPC 2012/03/13 21:58:05
    NPC
    +3
    You have to pass the Bill to find out what is in it !..Pelosi Galore. No longer Speaker
  • Simmering Frog 2012/03/13 21:54:25
    Simmering Frog
    +4
    laughing obama

    "SUCKERS!"
  • relic 2012/03/13 21:52:58
    relic
    +6
    I'm willing to bet that even the new figures are way low.
  • 4dc relic 2012/03/13 23:44:45
    4dc
    +2
    me too

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/09/02 02:00:21

Hot Questions on SodaHead
More Hot Questions

More Community More Originals