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March 15, 2012

Awesome 1: 20 Million Extra People Will Lose Their Private Health Care Under ObamaCare
Awesome 2: And This Is Going to Cost Double What We Said It Would

If you like your doctor, you can have this other doctor over here.

As many as 20 million Americans could lose their employer-provided coverage because of President Obama's healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.

The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019.


The best estimate, subject to a "tremendous amount of uncertainty," is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022.

Given the CBO's flacking for ObamaCare, and the reliability of government "estimates" (I won't get you pregnant if I just put in the tip), I'm thinking the "worst case" scenario is really the most likely scenario.

But the good news is -- this will cost double what the CBO claimed it would.

The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.

That only counts the cost of coverage, not implementation costs and other changes.

"The bill spends more than the president promised, it covers fewer people -- probably 2 million fewer people -- and it taxes more than was expected," said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee.

Sessions notes that while we're dismantling our Navy to save $2.1 trillion, ObamaCare itself costs $2.6 trillion (when you take into account all costs).

Seems like we don't have that money, and people don't like this program.

Breitbart.com notes that while this double-the-costs story broke yesterday, the networks all failed to mention it.

Instead, Dianne Sawyer chose to lush about the economy "heating up."


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posted by Ace at 02:40 PM

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