The nonpartisan Congressional Budget Office (CBO) has reevaluated the cost of Obamacare to American taxpayers. When the bill was being passed, Barack Obama told the American people that the cost of Obamacare would be 900 billion dollars over 10 years. The updated numbers from the CBO is (1.993 trillion) 1,993,000,000,000. That is a trillion dollars more than originally estimated. New tax revenue is 643 billion from new Obama taxes.
So, we go from having a great healthcare system at a price we could afford to a system that has seen many unable to continue their treatments for serious illnesses, mostly cancers, rapidly rising premiums, higher out of pocket costs that will likely require massive new taxes to pay for it. Your doctor no longer has any say in your treatment since the government decides what procedures are necessary. To make it worse, it’s almost a foregone conclusion that sex changes will soon be paid for. They already are in the Medicare program.
The bottom line is that it is expected to cost taxpayers 50k for every man woman and child to be insured under Obamacare. But wait, it could get higher. If the medical device tax, which both parties find onerous, is eliminated as expected then additional mandates issued by the HHS head, Burwell, could raise that number considerably.
It has become obvious that Obamacare will not be repealed because the congressional locker room boy deflated the balls of the congressional leaders. Republican leaders do not have the courage to do what must be done. This despite their campaign pledges to defund Obamacare or the outright repeal. Maybe their teleprompter is to blame. They kept reading the typo “defund” instead of the intended “defend.”
This is just one more example of a problem republicans warned about and the liberals pooh poohed about, calling it a scare tactic that has turned out to be correct. Unfortunately, being right is of little consolation for working Americans that have lost coverage in order to give free healthcare to non-workers.
Courtesy of Red Statements.