Monday, January 26, 2015

ObamaCrapCare Will Cost Us Dearly And NOT Solve The Uninsured Issue. Another Lie By The Administration

Obamacare to cost two trillion 

over next decade, per estimate

President Obama's healthcare law will spend
 about $2 trillion over the next decade on 
expanding insurance coverage but still 
leave 31 million Americans uninsured, 
according to an analysis from the 
Congressional Budget Office released on Monday.

When Obama pitched the healthcare law
 to Congress, he said it would cost "around 
$900 billion" over 10 years. But his statement 
was misleading because the way the law was designed, the major spending provisions
 didn't kick in until 2014. This meant that 10-year estimates at the time the law was passed
 in 2010 were artificially low, because they included four years (2010 through 2013) in which
 spending was negligible.

The new CBO analysis finds that between fiscal years 2016 and 2025, spending on
 the law's expansion of Medicaid will cost $920 billion and insurance exchange subsidies
 will cost nearly $1.1 trillion. The major spending provisions, taken together, will total $1.993 trillion.


 Read more at Washington Examiner
- See more at: http://americanactionnews.com/articles/obamacare-to-cost-two-trillion-over-next-decade-per-estimate#sthash.34cJrh6R.dpuf

No comments:

Post a Comment

Thanks for commenting. Your comments are needed for helping to improve the discussion.