CBO: New 10-year projected cost of ObamaCare is … $1.76 trillion

posted at 6:48 pm on March 13, 2012 by Allahpundit

Via Philip Klein. The original 10-year price tag, the one that made it “safe” (but not really safe) for Democrats to drop this fiscal atomic bomb, was $940 billion. What happened, you ask? Well, see for yourself:

Remember, they gamed this thing so that it wouldn’t take effect until 2014, which means that the cost of the first four years of implementation was essentially zero. That $940 billion figure really represented just six years of cost, not 10, but it was politically invaluable to Democratic messaging in letting them tout the bill as costing less than a trillion dollars. Now that we’re nearing 2014 and the 10-year window of cost projections has slid forward, you can see what this leviathan boondoggle really costs: $1.76 trillion, soon to top $2 trillion when the window slides forward another year in 2013 and the new projection reaches into 2023.

But wait. More good news:

President Obama’s healthcare reform law coverage provisons will cost less but cover fewer people than first thought, the nonpartisan Congressional Budget Office said Tuesday.

The revised estimate of the law’s coverage provisions shows about 2 million fewer people gaining coverage by 2016, reducing the number of uninsured Americans by 30 million instead of the 32 million projected a year ago. That would leave about 27 million people uninsured in 2016, two years after the law’s insurance exchanges go online.

Four million Americans can expect to lose their employer-provided healthcare by 2016, according to the revised figures, far more than the 1 million people estimated last year. And 1 million to 2 million fewer people will gain access to the law’s subsidized exchanges than first thought, while an extra 1 million are expected to qualify for Medicaid and the Children’s Health Insurance Provision (CHIP).

Thanks to the economy, we’re going to end up with a lot fewer people getting health insurance through the workplace than previously estimated and a lot more people getting it through Medicaid, which, as Klein notes, inches us a little closer to that government takeover of health care that the left insists is a conservative myth. In fact, the only “good news” here is that projected revenue from penalties imposed on employers and the uninsured is up slightly, which means the net cost of O-Care has dropped by $48 billion to a cool $1.2 trillion over the next 10 years. But don’t worry: We’re going to pay for that with cuts to Medicare and other stuff that’ll never, ever, ever, ever, ever happen in the real world. He’ll figure it out in his second term. Stay tuned.


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Now that we’re nearing 2014 and the 10-year window of cost projections has slid forward, you can see what this leviathan boondoggle really costs: $1.76 trillion, soon to top $2 trillion when the window slides forward another year in 2013 and the new projection reaches into 2023.

When are libertarians & republican candidates going to stop calling Obama, Pelosi, Reid & the rest of those scumbag ilk, “My partner across the aisle…” and start calling them what they truly are…

f’king scumbag socialist communists. And toss in the f’king moderate RINOs who voted with them.

The best these leftist morons can say, “Bush lied, thousands died.”

However, it could be said in 5 years that these leftist morons lied, and destroyed a country of ~ 300-million people, making every citizen a government slave. Must be nice to be rich, and communist. Just like the post-WW2 Soviet premiers & party chairmen.

F-em all.

Time to buy a gun & ammunition, while I still have the money to do so.

Danny on March 14, 2012 at 1:36 AM

Time to buy a gun & ammunition, while I still have the money to do so.

Danny on March 14, 2012 at 1:36 AM

just come to my house…I’ve got enough guns and ammunition for everyone

DHChron on March 14, 2012 at 2:14 AM

DHChron on March 14, 2012 at 2:14 AM

Should I call ahead?…

Gohawgs on March 14, 2012 at 2:24 AM

no need :) My guess is I’ll recognize a Hawg fan.

DHChron on March 14, 2012 at 4:22 AM

Should I call ahead?…

Gohawgs on March 14, 2012 at 2:24 AM

ignore the 400 acres and just follow the private road till you see the house.

DHChron on March 14, 2012 at 4:49 AM

Nothing that a few Death Panels can’t solve.

CTSherman on March 14, 2012 at 5:12 AM

Nothing that a few Death Panels can’t solve.

CTSherman on March 14, 2012 at 5:12 AM

Let’s start those living off of the system…Jessie Jackson, the CBC, Michael Moore, Ayers, Dohrn, et al…

Gohawgs on March 14, 2012 at 5:31 AM

Sarah is smarter than she seems…death panels was right on.

DHChron on March 14, 2012 at 5:41 AM

Gohawgs on March 14, 2012 at 5:31 AM

Anyone that supported this boondoggle should get in line. Quickly.

CTSherman on March 14, 2012 at 5:50 AM

Sarah is smarter than she seems…death panels was right on.

DHChron on March 14, 2012 at 5:41 AM

Don’t know what you mean. She always seemed plenty smart to me. What people can’t stand is her honesty. They just aren’t used to that from a politician. To think about having to vote for Slobama (Romney) when I was looking forward to voting (and working) for her is damned depressing.

swinia sutki on March 14, 2012 at 6:09 AM

dude…allahp, come on man? can we demote this picture,?? its like creeping out my HA experience and such.

ted c on March 14, 2012 at 6:41 AM

Also, I have zero faith that SCOTUS will overturn Obamacare. We need a conservative president who will work hard to get it overturned, not some good-hair pu$$y who will only give it lip service.

swinia sutki on March 14, 2012 at 6:43 AM

Single payer would’ve been simpler, the Administration’s use of Heritage Foundation and conservative logics to write this bill were a bad idea then and they are a bad idea now.

libfreeordie on March 14, 2012 at 6:45 AM

Don’t know what you mean. She always seemed plenty smart to me. What people can’t stand is her honesty. They just aren’t used to that from a politician. To think about having to vote for Slobama (Romney) when I was looking forward to voting (and working) for her is damned depressing.

swinia sutki on March 14, 2012 at 6:09 AM

I’m dumbstuck! I just said Sarah is smart. You obviously agree, so what’s the problem?

DHChron on March 14, 2012 at 6:47 AM

Single payer would’ve been simpler, the Administration’s use of Heritage Foundation and conservative logics to write this bill were a bad idea then and they are a bad idea now.

libfreeordie on March 14, 2012 at 6:45 AM

Bill Maher fan

DHChron on March 14, 2012 at 6:49 AM

Also, I have zero faith that SCOTUS will overturn Obamacare. We need a conservative president who will work hard to get it overturned, not some good-hair pu$$y who will only give it lip service.

swinia sutki on March 14, 2012 at 6:43 AM

Neither Willard nor, particularly, Saintorum can beat Hussein so if the Supreme Court does not overturn Obamneycare it becomes a permanent fixture modifiable only around the edges. No matter how bad a giveaway program of ‘free’ stuff is it becomes impossible to eliminate after a certain time. By 2016 repealing this program would be a difficult as eliminating Medicare itself. It won’t happen.

The way the program is structured insurance companies will either diversify their affairs with the aim of getting out of health care insurance where there is no money to be made under government edict or those with poor business models will surrender their autonomy and essentially become HHS subsidiaries. Those would eventually be combined as one huge public corporation and the whole thing converges to single payer. This has been the plan all along.

As is the case in Europe and Canada future elections will be about cost control and having fewer people dying on waiting lists.

Annar on March 14, 2012 at 8:00 AM

Single payer would’ve been simpler, the Administration’s use of Heritage Foundation and conservative logics to write this bill were a bad idea then and they are a bad idea now.

libfreeordie on March 14, 2012 at 6:45 AM

I dunno … seems getting the government of of health care would be simpler.

darwin on March 14, 2012 at 8:01 AM

libfreeordie on March 14, 2012 at 6:45 AM

Yeah, cause single payer works so well in other places.

PetecminMd on March 14, 2012 at 8:12 AM

dude…allahp, come on man? can we demote this picture,?? its like creeping out my HA experience and such.

ted c on March 14, 2012 at 6:41 AM

It’s not only creepy, it’s a little scary(in a good way) too. See the definition of Sanpaku at Wikiepedia. Could be a black swan event, IYKNWIMAITYD.

JimK on March 14, 2012 at 8:14 AM

Single payer would’ve been simpler, the Administration’s use of Heritage Foundation and conservative logics to write this bill were a bad idea then and they are a bad idea now.

libfreeordie on March 14, 2012 at 6:45 AM

I dunno … seems getting the government of of health care would be simpler.

darwin on March 14, 2012 at 8:01 AM

France’s system is better- not a single payer system but a mix of private insurance and public financing. More importantly, there are no waiting lines and doctors are free to prescribe any treatment available, with no government-imposed limitations.

Sarah is smarter than she seems…death panels was right on.

DHChron on March 14, 2012 at 5:41 AM

Ask any doctor and you’ll hear that death panels are needed for the system to operate efficiently.

Our neighbor’s family is from France, and they’re always shocked by the complexity of US healthcare given that it’s less convenient and no more organized than what you find in their home country.

http://www.businessweek.com/magazine/content/07_28/b4042070.htm

bayam on March 14, 2012 at 8:26 AM

Single payer would’ve been simpler, the Administration’s use of Heritage Foundation and conservative logics to write this bill were a bad idea then and they are a bad idea now.
 
libfreeordie on March 14, 2012 at 6:45 AM

 
Ha. I knew y’all were trying it with Afghanistan, but I never expected it with Obamacare.
 
BOOOOSH!

rogerb on March 14, 2012 at 8:29 AM

just come to my house…I’ve got enough guns and ammunition for everyone

DHChron on March 14, 2012 at 2:14 AM

There isn’t much else to say after this. Is there room for one more DHC? I can bring my own too.

Freed0m28 on March 14, 2012 at 8:39 AM

So… we won’t be able to afford to bring Christopher Reeve back to life?… Bummer dude.
-

RalphyBoy on March 14, 2012 at 8:42 AM

bayam on March 14, 2012 at 8:26 AM

You are correct with respect to the French system but there is no way to get to something like that with Obamacare as the starting point. Neither of the two GOP front-running candidates has a plan (well one has Rommney care for all but won’t admit it) except to repeal Obamacare and somehow send it all back to the states. No matter what happens in the election this issue will be on the table for a long time to come.

Annar on March 14, 2012 at 8:43 AM

I’m still not sure why so many conservatives think the Govt should be giving them SS/Medicare/caid etc money/benefits.

The Federal Govt has no right to administer programs like this.

Conservatives wail, but they contribute to the problem by whining how they paid into those programs & dammit it’s their right to collect!

If we really wanted to stop the Federal govt & reduce it, we’d be willing to actually do something about all of this.

This Republic is dead.
We are like the critters living of the carcass of a dead whale in the bottom of the ocean.
Since we still have something eat & a place to live, we demand more.
Soon, the carcass will be completely broken down & then there will be absolutely nothing.
And we all own this.

Badger40 on March 14, 2012 at 8:45 AM

And we all own this.

Badger40 on March 14, 2012 at 8:45 AM

This reminds me of an argument I had with the hubby last night.
He went to our township meeting where he’s an officer.
My nephew lives on the family’s old home place where he ranches.
The place is situated on an old road that is now closed bcs it goes nowhere but to his place.
It’s on a creek.
The bridge keeps washing out & it’s cost the township a lot of money to keep repairing it.
There’s actually 2 bridges, but it doesn’t matter.
Hubby says he has a right to access his property.
I say nephew can pay for it himself (us as the family can help him).
Hubby has a point in that others in the township whine & complain about getting ‘roads’ which are not really roads at all fixed so that farmers can pull their equipment into their fields.
I do not think the township should maintain anything but bus routes & main roads.
If you have property that is hard to access, tough $hit.
Turn it into pasture if you can access it with farming equipment.
And to the nephew I say the same damned thing about access to his corrals.

Badger40 on March 14, 2012 at 8:50 AM

can’t access it.

Badger40 on March 14, 2012 at 8:56 AM

I think an objective media would be all over this story and asking the administration in charge to modify, amend the bill and their plans.

An ordinary congress would have this bill on the floor amending it to cut the costs.

We can’t have those discussions because the House Repealed the bill and the Senate let it drop. I think Boehner should go thru the motions and repeal the bill again.

If the dems don’t say anything or put for any amendments to the Health care act, it is not a good campaign platform for them, so don’t expect republicans to amend the problems….

But really, if congress were working and the Health Care act were a normal bill, both sides could be blamed for not reforming it, and I think republicans WILL get the blame for not shaping the bill now. I realize they don’t want to amend it in case it looks more attractive and harder to repeal. That is why I cannot understand the democrats silence.

The cost. The new taxes. The mess it will make of health insurance in many states. The new people on Medicaid. The Secretary telling people what to do in their private life. One size fits all, or close to it.

Really the blame rests with you in your states that whined out loud that you didn’t like your health insurance, and didn’t do anything about it when you had the chance. We didn’t need Obama Care in Massachusetts, Obama care has come in over the top and is ruining it…and duval patrick is saying Romney did it.

Fleuries on March 14, 2012 at 9:23 AM

He’ll figure it out in his second term. Stay tuned.

If he gets a second term, he won’t care; he won’t have to. He will have accomplished what he set out to do – socialize health care – without having to worry about being re-elected. The only way this doesn’t happen is to get him out of the White House in November. Conservatives need to message this thing to death.

College Prof on March 14, 2012 at 10:26 AM

Via Philip Klein. The original 10-year price tag, the one that made it “safe” (but not really safe) for Democrats to drop this fiscal atomic bomb, was $940 billion. What happened, you ask? Well, see for yourself:

…what happened was, the LIE was exposed finally. But not under AAAAAAAAFTER the bill was passed!

The american public are a bunch of IDIOTS to permit this to pass.

TX-96 on March 14, 2012 at 11:11 AM

Anybody planning on going to the repeal rally March 24 in DC?

Nom de Boom on March 13, 2012 at 10:29 PM

Sorry for the late response. Yes, I’ll be there!

DanaLynn on March 14, 2012 at 12:19 PM

“He’ll figure it out in his second term. Stay tuned.

Sez you!

timberline on March 14, 2012 at 1:41 PM

How many times do I have to say it??? (D)=LIAR!!!

Colatteral Damage on March 14, 2012 at 2:57 PM

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