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CBO: Obamacare to cost $1.76 trillion over 10 yrs
by Philip Klein Senior Editorial Writer
March 13, 2012 4:21pm
campaign2012.washingtonexaminer.com

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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.

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 Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then.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

Any of the dog washers here want to defend this again?
 

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I wish there was a provision that in any instance if a project exceeds the amount by a certain percent used to sell the legislation. It is instantly nullified.
 

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Discussion Starter #3
I wish there was a provision that in any instance if a project exceeds the amount by a certain percent used to sell the legislation. It is instantly nullified.
That would be great, although impossible.

have you heard about the high speed rail to no where here in Cali?

Estimates started around fifty billion but they were lying now it's over 200 billion, then another 70 billion in operational costs and maintenance. The state is broke and the libs that run it are paying off union and political donor bribes with another white elephant.
 

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CBO: Obamacare to cost $1.76 trillion over 10 yrs
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.

?
Is that a lot? It's hard to tell anymore.

I wish there was a provision that in any instance if a project exceeds the amount by a certain percent used to sell the legislation. It is instantly nullified.
Super idea. Congress should have passed a law that allowed spending of the stated cost, and then - poof - it's gone when the $ runs out.

That could work with wars too.
 

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Is that a lot? It's hard to tell anymore.



Super idea. Congress should have passed a law that allowed spending of the stated cost, and then - poof - it's gone when the $ runs out.

That could work with wars too.
I heard "actual" figures that would be upwards of 10x the 1.x trillion dollar figure...
 

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I don't think this will be a problem. The HC bill is going down in it's etirety. I'd love to see a pic on the front page of every News Paper of O leaving the WH with that unconstitutional abomination under his arm after loosing the election.:D
 
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