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

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    CBO: Obamacare to cost $1.76 Trillion over 10 years

    ....that is almost double what we were told as the dang thing was being passed.

    Everyone who was foolish enough to buy the line of BS about how "Obamacare will lower the deficit"..... Here's your sign.

    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.

    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......
    and again. as cpwill keeps saying. Obamacare will never be fully implemented. not because of politics, or the supreme court, or anything else, but just plain because we can't. we do not have the fiscal capacity to add this putrid oozing monstrosity to the pile of entitlements we are already sinking under.

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

    900 billion off? No wonder no one wants to give more money to this administration, their math seems a little fuzzy.

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

    Beltway Confidential continues to be the most dishonest political site around.

    that amount represents a gross cost to the federal government of $1,762 billion, offset in part by $510 billion in receipts and other budgetary effects
    So it is 1.762 T before you figure in offset cost reductions.

    CBO and JCT have not estimated the budgetary effects in 2022 of the other provisions of the ACA; over the 20122021 period, those other provisions were previously estimated to reduce budget deficits.
    Oh wait, so they also do not include all the cost savings.

    Never, ever trust the Beltway Confidential. They never use the truth when a lie will suffice.
    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

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    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 cpwill View Post
    ....that is almost double what we were told as the dang thing was being passed.

    Everyone who was foolish enough to buy the line of BS about how "Obamacare will lower the deficit"..... Here's your sign.



    and again. as cpwill keeps saying. Obamacare will never be fully implemented. not because of politics, or the supreme court, or anything else, but just plain because we can't. we do not have the fiscal capacity to add this putrid oozing monstrosity to the pile of entitlements we are already sinking under.
    Has the whole country lost there freaking mind???????????????????? Where in the world do they expect this money to come from? Or is it true that Obama just wants this country to crash and burn? Im starting to think that is the case. I just cant see why else he would make such blantly stupid things like this.

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

    Quote Originally Posted by Hare View Post
    900 billion off? No wonder no one wants to give more money to this administration, their math seems a little fuzzy.
    Its just that new math, you know?

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

    And people thought I was nuts in the other thread when I said we cannot afford it

    (Unless of course they are just planning on printing up another trillion or two, and if they do that I am moving!)

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

    Quote Originally Posted by Hare View Post
    900 billion off? No wonder no one wants to give more money to this administration, their math seems a little fuzzy.
    No - I'm sure it makes perfect sense.

    here's how:
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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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.



    Oh wait, so they also do not include all the cost savings.

    Never, ever trust the Beltway Confidential. They never use the truth when a lie will suffice.
    Y'know, the 1.76 trill might have even been worth it, if it was cutting costs rather than continuing to add to them. Since it has been implemented, or partially implemented, nothing but cost increases to health care have come our way, and so many of the working poor are still not covered. So far, the only ones who have seen benefits from it is big pharmaceuticals. Nothing like spending over a trillion and a half dollars to create a system which adds further to the cost of health care and hasn't done its job of additional coverage. I guess now that we have passed the bill, as pelosi said, we have seen what is in it. Nothing for us, except more costs both in deficits and higher overall health care costs.

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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.



    Oh wait, so they also do not include all the cost savings.

    Never, ever trust the Beltway Confidential. They never use the truth when a lie will suffice.
    Let's use the CBO words then:

    Quote Originally Posted by CBO Report
    This report also presents estimates through fiscal year 2022, because the baseline projection period now extends through that additional year. The ACA’s provisions related to insurance coverage are now projected to have a net cost of $1,252 billion over the 2012–2022 period (see Table 2, following the text); that amount represents a gross cost to the federal government of $1,762 billion, offset in part by $510 billion in receipts and other budgetary effects (primarily revenues from penalties and other sources).
    So the gross cost to the federal government is accurate: 1,762 billion. Add in your (-510 billion) offset, and it's still higher than the 960 billion.

    Will you at least acknowledge that the estimates are seeming to increase even with the offset from prior CBO estimates?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    This should surprise nobody who was actually paying attention. The costs were shifted toward the out years to manipulate the CBO scoring methodology. Now we are two years in and those out year costs are starting to be picked up in the projections.

    Obamacare was always going to be a budget buster from day one. Especially when you consider the laughable idea that 1/4 of the first ten year costs were going to be paid by ending the annual doc fix (ie ending the doc fix essentially puts half the hospitals in the country out of business). The idea that the Democratic party allowed themselves to be suckered into voting for this bill on a party line vote is absolutely astounding. They now own everything that goes wrong with it from here on out. Some of the realists within the party need to start circling the wagons and calling for repeal/reform.

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