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Thread: Obamacare numbers...

  1. #1
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    Obamacare numbers...

    Is anyone here not shocked, left or right? What a mess.

    [URL]http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-boosts-its-obamacare-medicaid-cost-estimate/425966[/URL]


    [URL="http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-boosts-its-obamacare-medicaid-cost-estimate/425966"]CBO boosts its Obamacare Medicaid cost estimate[/URL]
    by[URL="http://campaign2012.washingtonexaminer.com/author/philip-klein"]Philip Klein[/URL] Senior Editorial Writer

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    [IMG]http://campaign2012.washingtonexaminer.com/sites/default/files/styles/blog_listing_full/public/Obamacare_14.jpg[/IMG]

    Iíve already noted in a [URL="http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-obamacare-cost-176-trillion-over-10-yrs/425831"]separate post[/URL] that new Congressional Budget Office [URL="http://cbo.gov/publication/43076"]projections[/URL] show[B][SIZE=3] President Obamaís health care law will cost $1.76 trillion over 10 years, rather than the $940 billion originally advertised.[/SIZE][/B] But there are lots of other moving parts in the CBOís updated estimates that are worth deeper elaboration.
    The big picture takeaway is that due mostly to weaker economic projections, the CBO now projects that more people will be obtaining insurance through Medicaid than it estimated a year ago at a greater cost to the government, but fewer people will be getting insurance through their employers or the health care lawís new subsidized insurance exchanges. Overall spending will be higher than estimated a year ago, but increased revenue from penalties and taxes will more than offset this. Also interesting: CBO now expects two million fewer people to be covered as a result of the health care law than previously projected.
    Itís worth keeping in mind that what the CBO did today was update its forecasts for the cost of expanding insurance coverage under the health care law. That represents, by far, the bulk of the spending in the legislation, but it doesnít constitute a full rescoring of the law or a revised deficit estimate. That would have to include estimates for all the taxes, Medicare cuts and other spending in the law. Also, the $1.76 trillion cited above is for the years 2013 through 2022, but if we want to compare changes to last yearís estimates, we have to use the comparable years of 2012 through 2021. (Estimates for 2022 only became available today.)
    The CBO now projects that from 2012 through 2021 the federal government will spend $168 billion more on Medicaid than it expected last year, $97 billion less on subsidies for people to purchase insurance on government-run exchanges and $20 billion less on tax credits to small employers. That works out to a $51 billion increase in the gross cost of expanding coverage from what the CBO estimated a year ago. However, the CBO also expects the federal government to collect more revenue from penalties on individuals and employers, as well as other taxes. These revenue increases will more than offset the spending increases, according to the CBO, so it now expects the cost of Obamacare during those years to be $48 billion lower.
    Itís also worth noting that we were told time and again during the health care debate that the law didnít represent a government takeover of health care. But by 2022, according to the CBO, 3 million fewer people will have health insurance through their employer, while 17 million Americans will be added to Medicaid and 22 million will be getting coverage through government-run exchanges.
    Check out the full CBO report [URL="http://cbo.gov/publication/43076"]here[/URL].

  2. #2
    This is no surprise. More disturbing is that price tag includes the revenue from all of the new taxes on the "wealthy" imposed by Obamacare. So basically as anyone rational knew Obamacare imposes a slew of new economy killing taxes and still is in the red for two trillion over 10 years. That price tag will continue to grow. Scary to think that at a time when we are on the verge of fiscal collapse the government created a new massive and expensive entitlement program.

  3. #3
    Prediction, the total cost will top 3 Trillion before it's all said and done.

  4. #4
    [QUOTE=chiefst2000;4396292]This is no surprise. More disturbing is that price tag includes the revenue from all of the new taxes on the "wealthy" imposed by Obamacare. So basically as anyone rational knew Obamacare imposes a slew of new economy killing taxes and still is in the red for two trillion over 10 years. That price tag will continue to grow. Scary to think that at a time when we are on the verge of fiscal collapse the government created a new massive and expensive entitlement program.[/QUOTE]

    I have clients that say they will close if Obamacare gets in full gear.

    Example.... Restaurant doing abut 1.5 million. shows profit of about 80K. If healthcare is required of all the wait staff.... whats the point.

  5. #5
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    [QUOTE=chiefst2000;4396292]This is no surprise. More disturbing is that price tag includes the revenue from all of the new taxes on the "wealthy" imposed by Obamacare. So basically as anyone rational knew Obamacare imposes a slew of new economy killing taxes and still is in the red for two trillion over 10 years. That price tag will continue to grow. Scary to think that at a time when we are on the verge of fiscal collapse the government created a new massive and expensive entitlement program.[/QUOTE]

    That can't be true Obama, Bit and the CBO all say it is going to save us money!

  6. #6
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    billions, trillions, what comes next?

    zillions?


    head hurt.

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    The JI left is very loud with its silence.

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    [IMG]http://i282.photobucket.com/albums/kk269/firebugjohnnypyro/Tumbleweed.gif[/IMG]

  9. #9
    [QUOTE=jetswin;4396474]The JI left is very loud with its silence.[/QUOTE]

    [QUOTE=jetswin;4396569][IMG]http://i282.photobucket.com/albums/kk269/firebugjohnnypyro/Tumbleweed.gif[/IMG][/QUOTE]

    :rotfl:

  10. #10
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    [QUOTE=jetswin;4396474]The JI left is very loud with its silence.[/QUOTE]

    Obamacare is a disaster, no arguments from me.

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    [QUOTE=parafly;4396724]Obamacare is a disaster, no arguments from me.[/QUOTE]
    kudos to you sir.

  12. #12
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    The GF is pleased with it as she can get her son on her insurance plan :P

  13. #13
    Obamacare is clearly not the solution.
    Its a nice try at trying to do something to solve our healthcare spending woes, something no one has bothered to try doing Dem or Repub. But doesnt go far enough.

    Without a true taxpayer funded public option and honestly addressing end of life care/management you wont make a debt in tackling this problem. Its too bad most Americans fear this reality and are not open to having an honest discussion

  14. #14
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    More...

    [url]http://www.forbes.com/sites/gracemarieturner/2012/03/14/obamacare-if-possible-the-news-is-getting-worse/[/url]

  15. #15
    [QUOTE=kennyo7;4396787]Obamacare is clearly not the solution.
    Its a nice try at trying to do something[/QUOTE]

    You consider a non solution to a problem, that will extrapolate our current debt crisis by roughly 15% a nice try?

    You're an idiot, dude...

  16. #16
    [QUOTE=kennyo7;4396787]Without a true taxpayer funded public option[/quote]

    I.e. National Federal Govt. Managed Health Insurance, a la France, Germany and Norway.

    [QUOTE]and honestly addressing end of life care/management[/QUOTE]

    I.e. State-based determination if your life is worth maintaining. If not, further treatment is denied and you die.

  17. #17
    I was wondering why Obama didn't visit the families of the dead and homeless tornado victims from the March 1 storms in IN, IL, KY, etc. :dunno:

    Then yesterday FEMA decided that the states that were hit didn't qualify for federal assistance for various reasons. The elected politicians in the tornado devastated areas don't understand why they don't qualify.

    It's not that they don't qualify, it's that FEMA under President Obama is completely broke! :dunce:

    More information to follow...


    :jets17

  18. #18
    [QUOTE=Warfish;4396820]I.e. National Federal Govt. Managed Health Insurance, a la France, Germany and Norway.



    I.e. State-based determination if your life is worth maintaining. If not, further treatment is denied and you die.[/QUOTE]

    Not state based.
    Medically based.

  19. #19
    [QUOTE=AlwaysGreenAlwaysWhite;4396818]You consider a non solution to a problem, that will extrapolate our current debt crisis by roughly 15% a nice try?

    You're an idiot, dude...[/QUOTE]

    Theres actually alot in that bill that makes alot of sense and helpful DUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUDDDDDDDDDDDDDDDDDDDDDDDDEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  20. #20
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    [QUOTE=kennyo7;4397666]Theres actually alot in that bill that makes alot of sense and helpful DUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUDDDDDDDDDDDDDDDDDDDDDDDDEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!![/QUOTE]

    1000 pages unread when passed so "we can see what is in it"! :rolleyes:

    1200+ references to "a committee will figure this out later" :eek:

    BS cost estimates that were intentionally downplayed to make us think it would SAVE MONEY. If you bought that one I have a bridge in Brooklyn to sell you.

    Add the fact that we have a "doctor" on here or at least someone that plays one on a message board that is all for death panels seals this as a total garbage bill that achieves none of the original goals of healthcare reform which were; reduce costs, cover everyone, save Medicare/Medicaid, remove loopholes.

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