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Thread: CBO: Obamacare to cost $1.76 Trillion over 10 years

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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by Redress View Post
    Beltway Confidential continues to be the most dishonest political site around.



    So it is 1.762 T before you figure in offset cost reductions.
    ah yes. this would include the $500 Bn in "savings from Medicare". ?

    Never, ever trust the Beltway Confidential. They never use the truth when a lie will suffice.
    and you think that the doc fix will not get passed... again? just as it has every year? You think that Democrats will be willing to effectively end Medicare for large swaths of our senior citizenry by fixing it so that no provider can afford to see them?

    what a fascinating theory - do you have any evidence to support it?





    cause..... if not.......


    Last edited by cpwill; 03-14-12 at 12:17 AM.

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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by ZIRP4EVA View Post
    Clearly you have no idea what you are talking about. The first ten years of Obamacare is partly paid for by reducing Medicare costs by ~$500 billion. Of that ~$500 billion in reductions, ~$250 billion is through ending the doc fix. Since the bill was passed, Congress has voted to extend the doc fix twice (2011 and 2012). That means ~$50 billion (or 10%) of the original Medicare "savings" has not materialized as mandated by the law.

    So, I ask you again - why are you so confident that ANY cost savings will actually materialize given that the doc fix was suppose to be the easy part?

    precisely. the "savings from Medicare" lasted almost two weeks. and then the Democrats passed the Doc Fix. Because they have no intention of pushing 1/4 of providers out of Medicare - they just need to pretend like they will every year or so in order to make budget numbers dance.

    look, I can do it too:


    "I can afford a house whose monthly payment is 45% of my take-home pay, because next month I'm going to stop eating, and that money will offsett the extra cost"


    hooray! I have saved money!

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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Best part - even this estimate is only nine years of implementation. Next year the 10-year sticker price is going to be higher - closer to two trillion.

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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by cpwill View Post
    ah yes. this would include the $500 Bn in "savings from Medicare". ?



    and you think that the doc fix will not get passed... again? just as it has every year? You think that Democrats will be willing to effectively end Medicare for large swaths of our senior citizenry by fixing it so that no provider can afford to see them?

    what a fascinating theory - do you have any evidence to support it?





    cause..... if not.......

    Hey CP, actually look at what Beltway Confidential "reported", and what the document says. They lied about the document. They compared net to gross. Isn't that fascinating? Keep spinning things, you still got lied to, still passed that lie along, and no amount of spinning will change that. And the sad part is pretty much every time you link to a Beltway Confidential source, the story is proven to be a lie, yet you keep trying to use them since they are saying what you want to hear.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by Redress View Post
    Hey CP, actually look at what Beltway Confidential "reported", and what the document says. They lied about the document. They compared net to gross
    no, they didn't. they listed the cost. you insist that they should have counted "offsetting" mythical cuts which everybody agrees are not actually going to happen, and accuse them of dishonesty because they simply gave the price of the program. not only are you left with only ad sourcinem, you aren't even left with a good ad sourcinem.

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    Re: CBO: Obamacare to cost $1.76 trillion over 10 yrs (Oooops... that's double what t

    And now for the non-wingnut view, i.e. the truth of the matter:

    Insurance coverage provisions in the healthcare reform law will have a net cost of about $1.08 trillion between 2012 and 2022, or almost $50 billion less than what was estimated a year ago, according to new projections Tuesday from the nonpartisan Congressional Budget Office and Joint Committee on Taxation (PDF).

    Although the gross cost for the law's insurance coverage provisions over 10 years rose by about $51 billion to a total of $1.49 trillion in the current estimate, the net cost went down by about $48 billion when budget analysts accounted for penalty payments by uninsured individuals and employers, excise taxes on high-premium insurance plans, and other effects almost entirely related to tax revenues.

    Read more: CBO foresees lower cost for reform law's insurance provisions - Healthcare business news and research | Modern Healthcare http://www.modernhealthcare.com/arti...#ixzz1p6DX6S49
    ?trk=tynt
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

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    Re: CBO: Obamacare to cost $1.76 trillion over 10 yrs (Oooops... that's double what t

    Edit: double post
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by cpwill View Post
    no, they didn't. they listed the cost. you insist that they should have counted "offsetting" mythical cuts which everybody agrees are not actually going to happen, and accuse them of dishonesty because they simply gave the price of the program. not only are you left with only ad sourcinem, you aren't even left with a good ad sourcinem.
    Let's look at the quote from your OP:

    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.
    That 900 billion, that is net. What do they compare it to in the CBO report? Gross. That is why they are being dishonest.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: CBO: Obamacare to cost $1.76 trillion over 10 yrs (Oooops... that's double what t

    here is another assessment of the revised numbers and what caused the numbers to change:
    ObamaCare 'Savings' Rise $48 Billion, CBO Says, Fueled By More Unemployed, Uninsured - Investors.com

    it end with this:
    For starters, the new analysis will cover 2013-22. That means 2012, when ObamaCare only adds about $3 billion in insurance coverage costs, will be dropped. And $265 billion in coverage costs for 2022 will be added.
    makes sense for the objective reader, but for those inclined to get excited without knowing why:
    THE SKY IS FALLING!!
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: CBO: Obamacare to cost $1.76 trillion over 10 yrs (Oooops... that's double what t

    Quote Originally Posted by AdamT View Post
    And now for the non-wingnut view, i.e. the truth of the matter:
    the net cost went down by about $48 billion when budget analysts accounted for penalty payments by uninsured individuals and employers, excise taxes on high-premium insurance plans, and other effects almost entirely related to tax revenues.
    Translation:

    Taxes, fees, more taxes, more fees...

    To the common man...it's not worth the government control.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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