Did anyone really believe Barack Obama and his Marxist minions when they promised that ObamaCare would add 30 million people to the ranks of the insured, while reducing overall health care costs, and cutting the deficit?
Other than a few million dim-witted Democrat leeches, that is?
Confirming that simple arithmetic is invaluable in debunking most of Obama’s outrageous Marxist proposals, the Congressional Budget office has released a new projection which nearly doubles the estimated cost of Obama’s Unconstitutional meddling over the next ten years.
As reported at the reference in part:
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.Minority Leader Nancy Pelosi reacted to the CBO report with the following statement(satire):
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 Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then.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.”
Clearly the president’s health care mandate must be expanded to another 30 million people to bring the cost projections into line. In this regard, Democrats are prepared to offer ObamaCare to 30 million uninsured Mexican citizens in exchange for those folks not migrating to the United States before the 2016 elections.
Leave it to Nancy Pelosi to find a way to waste even more taxpayer money trying to fix the mess she, Harry Reid and Obama dumped on the US citizenry!
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-obamacare-cost-176-trillion-over-10-yrs/425831
