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Thread: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Than O

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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Spending money we dont have... welcome to America!
    Center-Right Moderate / Social Libertarian.

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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    what id like to know is the average it will cost states for the expansion of medicaid once the federal govt stops paying the states bills(i believe in 2016)
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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    PolitiFact Florida | TV ad says health law's cost is $2 trillion, 'double what we were promised'

    The Congressional Budget Office soon released a statement to set the record straight. Here’s part of what it said:

    CBO released two reports this week related to the analysis of the Affordable Care Act (ACA) conducted by CBO and the staff of the Joint Committee on Taxation (JCT). One report presented updated estimates for the insurance coverage provisions of the ACA, and the other responded to questions we’ve received regarding the effects of the ACA on employment-based health insurance.

    Some of the commentary on those reports has suggested that CBO and JCT have changed their estimates of the effects of the ACA to a significant degree. That’s not our perspective. ...

    For the provisions of the Affordable Care Act related to health insurance coverage, CBO and JCT’s latest estimates are quite similar to the estimates we released when the legislation was being considered in March 2010.
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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Quote Originally Posted by Phoenix View Post
    Surprised? Anyone? Hell I am not really sure this should be in the breaking news forum. Everyone knew it would happen from the point it was passed.
    That is only the DIRECT costs (tax subsidies), the increase in "private" premium costs due to the mandated "first dollar coverage" of many new goodies (e.g free BC pills, preventive care visits and 1/3 longer dependent coverage) is not even counted. The mandate to use ONLY age and smoking to set rates, which raises nearly all premium costs, is not counted either.
    Last edited by ttwtt78640; 07-13-12 at 03:10 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Quote Originally Posted by ttwtt78640 View Post
    That is only the DIRECT costs (tax subsidies), the increase in "priavte" premium costs due to the mandated "first dollar coverage" of many new goodies (e.g free BC pills, preventive care visits and 1/3 longer dependent coverage) is not even counted. The mandate to use ONLY age and smoking to set rates, which raises nearly all premium costs, is not counted either.
    Very True. This is only the cost to the federal government. I know our premiums have already started going up and my wife's company went to a completely different system. The new system, I believe, was an attempt to mask how much people's health insurance is increasing.
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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Is this still using the assumptions that they can double-spend $500 bn without anyone noticing, and employers can't wait to absorb higher costs than necessary for insuring employees?

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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Quote Originally Posted by cpwill View Post
    Is this still using the assumptions that they can double-spend $500 bn without anyone noticing, and employers can't wait to absorb higher costs than necessary for insuring employees?
    What are you talking about!?!? The ACA is supposed to create jobs! LOL

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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Quote Originally Posted by Phoenix View Post
    Surprised? Anyone? Hell I am not really sure this should be in the breaking news forum. Everyone knew it would happen from the point it was passed.

    The Blaze?

    What the hell is the Blaze?

    Maybe you should leave economics to the economists. um-kay?

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    Re: Estimated Cost of ‘Obamacare’ Is Now $2.6 Trillion — Nearly $1.7 Trillion More Th

    Quote Originally Posted by Fishstyx View Post
    What are you talking about!?!? The ACA is supposed to create jobs! LOL
    that's funny. the CBO says it kills hundreds of thousands of jobs.

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