Thursday, July 12, 2012
Estimated Cost of ‘Obamacare’ Now $2.6 Trillion in First Decade | TheBlaze.com
Estimated Cost of ‘Obamacare’ Now $2.6 Trillion in First Decade | TheBlaze.com: "“President Obama promised a joint session of Congress in 2009 to spend $900 billion over ten years on his health care law: ‘Now, add it all up, and the plan that I’m proposing will cost around $900 billion over 10 years.’ Adding up all the different spending provisions in the health care law, however, (including closing the Medicare ‘donut hole,’ implementation costs, and other spending) total gross spending over the FY 2010–19 period is about $1.4 trillion, based on CBO estimates,” the Senate Budget Committee Republican staff explains.
“And most of the major spending provisions in the law do not even take effect until 2014. Congressional Democrats delayed these provisions in order to show only six years of spending under the plan in the original 10-year budget window (from FY2010-19) used by CBO at the time the law was enacted."
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Posted by David H. at 1:03 AM