CBO: Obamacare to cost $1.76 trillion over 10 yrs


FLASHBACK: Obama pledges legislation will cost ‘around $900 billion over 10 years’…

What happened to if you like your coverage you can keep it? 4 Million Fewer Covered at Work…

Doubled, so when does it double again? Was anybody fooled by the lies before? Then why are you concerned now? It was estimated the real costs were somewhere around $2.5 trillion for 10 years. That would have made it hard to sell. You know what your mother taught you? There is no free lunch, and someone who tells you there is, they are just lying.

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.

You know what your mother told you? There is no free lunch. Someone who tells you there is, they are just lying.

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 Only next year will we get a true ten-year cost estimate, if the law isn’t overturned by the Supreme Court or repealed by then.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.

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