ę Overnight Open Thread | Main | Whip Count 3-18-10: 192 Yes, 211 No Ľ
March 18, 2010

CBO: Obama/Pelosi? Ummm...they lie.

Actual ObamaCare™ 10 year cost is well over $2,000,000,000,000 and that's using the insane Alice in Wonderland scoring rules congress compels the CBO to use.

...To see the billís true first-decade costs, we need to start the clock when the costs would actually start in any meaningful way: in 2014. The CBO says that Obamacare would cost $2.0 trillion in the billís real first decade (from 2014 to 2023) ó and much more in the decades to come.

But $2.0 trillion wouldnít be the total ten-year costs. Instead, that would merely be the ďgross cost of coverage provisions.Ē Based on earlier incarnations of the proposed overhaul, the total costs would be about a third higher (the exact number canít be gleaned from the CBOís analysis, which is only preliminary and is not a full scoring) ó making the total price-tag between $2.5 and $3 trillion over the billís real first decade.

How would we pay for all of this? According to the CBO, by diverting $1.1 trillion away from already barely-solvent Medicare and spending it on Obamacare, and by increasing taxes on the American people by over $1 trillion....

...And what would we get for all of this? The CBO says that health insurance premiums would rise by 10 to 13 percent in the individual market, in relation to current law. The Medicare Chief Actuary says that the percentage of the gross domestic product spent on health care would also rise in relation to current law, increasing from 17 percent today to 21 percent in 2019. And, as the CBO reports in its latest scoring, as of 2019 there would still be 23 million people in America lacking health insurance...

Such a deal eh? Never before has "pay more get less" tasted so good! If the Robber Barons of old were alive to see this they'd bow their heads in awe of the shear brazenness and magnitude of this public fleecing and realize they'd operated like amateurs even during their heyday.


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posted by Purp at 11:43 PM

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