Quantcast
728 x 90
728 x 90
728 x 90
728 x 90
728 x 90

New CBO report hides less of ObamaCare’s true costs

From Kathryn NIx at the Heritage Foundation:

CBO’s initial scoring of Obamacare [HR 3590] analyzed its effects from 2010 to 2019, including only six years of full implementation, since main spending provisions do not go into effect until 2014. The new document reports on 2012 to 2021, including an additional two years of full implementation. This still fails to show the true 10-year cost of the law, but gets a little closer. Over eight years, the gross cost of Obamacare’s coverage provisions jumps from $938 billion to $1.39 trillion, which includes $677 billion to create a new health entitlement offering generous subsidies to the middle class to purchase health insurance.

Read the whole post: New CBO Report Proves We Cannot Afford Obamacare.

Via Health Reform Hub.