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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

    Is it not true that when Obama sold Obamacare, the numbers were projected over a 10 yr period, with no cost for 4 yrs and only cost for 6 yrs. Thus the average for those 10 years was a scam. Now the CBO is taking into account 2 yrs of no spending and 8 yrs of spending. Thus in two more years we'll have a new number that will be higher yet. Senator Sessions is stating it will be 2.5 trillion in cost for a full 10 yr period. So much for saving cost. Obama and clan sold us yet another entitlement that we can't pay for. Thank you very much.
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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Anyone that was paying attention knew the numbers were bogus, now even those not paying attention can see it.

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

    Quote Originally Posted by xpiher View Post
    You aren't paying for his insurance.

    Sent from my SGH-T989 using Tapatalk
    The taxpayers pay for 800bn a year in medical care. Im a taxpayer. Thus Im paying for someone elses medical care.

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

    Quote Originally Posted by Kandahar View Post
    Let's chill for a moment and take a look at what the CBO actually said. First of all, it's misleading for the author of the op-ed to make the following assertion: "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." This incorrectly makes it seem as though the budget estimate has worsened considerably, when that isn't the case. The reason that the projection for the NEXT ten years (i.e. 2012-2022) looks worse than the original ten-year projection (i.e. 2010-2020) is because we are two years closer to the main provisions actually taking effect in 2014. So naturally the costs over the next decade will be more than they originally were. As the CBO's report says:
    So in summary, the plan was sold using accounting gimmicks, just like everyone said.

    This wasn't a surprise, it's been part of their estimates since the beginning. The budget picture for equivalent time periods has actually improved slightly ($38 billion) since their last estimate last year. And again, the reasons for this don't have much to do with the ACA itself...they're mostly due to external factors: 1) New legislation which slightly reduced the cost of the ACA, 2) A worse economic outlook which slightly increased the cost of the ACA, 3) A slower growth in private insurance premiums which slightly reduced the cost of the ACA.
    A worse economic outlook which was the result of federal government policies.


    The United States (including governments, corporations, and individuals) spends $2.5 trillion per year on health care. At its peak, the ACA is projected to cost $169 billion per year...or less than 7% our total health care spending. And even most of THAT isn't new spending...it's just a transfer of costs from individuals/businesses to the government. People have to spend their money on health care some way or another. If not through the ACA, then through individual insurance premiums, or through lower salaries to pay for health benefits, or through not having health insurance and getting sick more often and dying sooner. So let's not pretend that this is some brand new cost that just came out of nowhere. If we can't afford the ACA, then we certainly can't afford our existing model of health care.
    If you look at it from a government accounting page, ACA increases the government's health care spending by 18% per year. Since ACA passed, year over year health care spending has increased beyond the normal increases.

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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 jonny5 View Post
    So, again, how is this my problem to pay for?
    it isn't. but it is an indication that we need health care reform.
    BUT, remember your words, they may come back to haunt you. When it is YOU who has to file bankruptcy because the insurance industry has congress under their thumbs, you will be wanting some govt program to protect you....
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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by jonny5 View Post
    The taxpayers pay for 800bn a year in medical care. Im a taxpayer. Thus Im paying for someone elses medical care.
    you always have, and always will....there are MANY who can afford insurance, but would rather spend it on dining out, cable TV, cell phones, etc. than buying insurance. So when their kid breaks his arm, YOU the taxpayer, will be subsiizing their life style when they take the kid to the emergency room, and never pay for the care....
    I had an 18 month gap between retiring and getting my Navy Reserve retirement benefits at age 60, and had no medical care coverage from employer, so I bought a major medical policy for that 18 months. Those policies are cheap, yet too many slackers refuse to buy them, letting the rest of us pay the costs.
    Health care insurance should be required for those who can afford it....
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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 UtahBill View Post
    it isn't. but it is an indication that we need health care reform.
    BUT, remember your words, they may come back to haunt you. When it is YOU who has to file bankruptcy because the insurance industry has congress under their thumbs, you will be wanting some govt program to protect you....
    No, I wont. I can take care of myself. If you want reform, then get the govt out of it so you have more control. Leave me alone.

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

    Quote Originally Posted by UtahBill View Post
    you always have, and always will....there are MANY who can afford insurance, but would rather spend it on dining out, cable TV, cell phones, etc. than buying insurance. So when their kid breaks his arm, YOU the taxpayer, will be subsiizing their life style when they take the kid to the emergency room, and never pay for the care....
    I had an 18 month gap between retiring and getting my Navy Reserve retirement benefits at age 60, and had no medical care coverage from employer, so I bought a major medical policy for that 18 months. Those policies are cheap, yet too many slackers refuse to buy them, letting the rest of us pay the costs.
    Health care insurance should be required for those who can afford it....
    Im paying for it because you make me. Stop charging me, and the problem is solved. If you want to force people to have health insurance, amend the constitution or do it at the state level.

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

    Quote Originally Posted by Samhain View Post
    So in summary, the plan was sold using accounting gimmicks, just like everyone said.
    Depends what you consider an "accounting gimmick." The main provisions of the ACA were always slated to start in 2014, so it's not as if it's some surprise that the ten-year cost increases every year as we get closer to 2014. You can call that an accounting gimmick if you like, but it was always baked into the ACA from the beginning. Furthermore, the CBO has projected that the ACA will save more money in the second ten years than it does in the first ten years, so if it's just an accounting gimmick it's not a very effective one. Per the CBO, savings actually start to INCREASE beyond the first ten years.

    A worse economic outlook which was the result of federal government policies.
    That may be your opinion and it's a topic for a different thread, but it's still an external factor. A worsening economic outlook will tend to make MOST government programs cost more...this is nothing unique to the ACA. Furthermore, the other two variables that the CBO mentioned slightly reduced the cost of the ACA, which resulted in a slight lowering of the overall projected costs.

    If you look at it from a government accounting page, ACA increases the government's health care spending by 18% per year. Since ACA passed, year over year health care spending has increased beyond the normal increases.
    I'm saying that we SHOULDN'T look at it from purely a government accounting standpoint, because those health care costs are already part of the economy in one way or another. It's just moving the costs from one place to another, rather than incurring an entirely new cost. Ultimately, we the people are the ones who are funding the government. So if we're spending too much on our health care (which we are), THAT is the problem. Not the fact that we are now paying for it via taxes rather than via insurance premiums, lower salaries, and/or chronic sickness.
    Last edited by Kandahar; 03-15-12 at 11:28 AM.
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    Re: CBO: Obamacare to cost $1.76 Trillion over 10 years

    Quote Originally Posted by jonny5 View Post
    Im paying for it because you make me. Stop charging me, and the problem is solved. If you want to force people to have health insurance, amend the constitution or do it at the state level.
    I am not making you do anything....I don't like subsidizing others any more than you....
    BUT, we are, as long as slackers exist, we will subsidize them.
    Sorry you can't see that....
    Oracle of Utah
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