End of America

Obamacare lies exposed: New CBO report shows costs at least 100% greater than we were told


From The Burning Platform:

... The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.

That only counts the cost of coverage, not implementation costs and other changes.

"The bill spends more than the President promised, it covers fewer people -- probably 2 million fewer people -- and it taxes more than was expected," said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee.

The first estimates of the cost of the health care bill included three years before the bill even took effect, so there was little or no spending, making the full 10 years look less expensive. Sessions notes that the $1.76 trillion estimate includes only the costs of coverage, not implementation and other costs. He argues that all those drive the price up even further over the first full 10 years of the law.

"The full accounting of the bill is...

Read full article...

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