Posted on 10/21/2010 7:29:27 PM PDT by george76
A new study by the Lewin Group estimates that 28.6 million Americans will be eligible for a federal subsidy to purchase health insurance beginning in 2014 at a projected cost to tax payers in excess of $110 billion. This estimate is dramatically higher (578%) than the cost of these subsidies forecast by the Congressional Budget Office (CBO) prior to the bill’s enactment into law.
If the new estimate is correct, it would mean that instead of lowering the deficit by $143 billion over ten years—a claim widely touted by proponents of the law— the legislation would begin adding to the deficit as early as 2015, only one year after major provisions of the law go into effect.
The CBO’s final analysis of the bill enacted into law projected that only 7 million Americans would begin receiving these subsidies in 2014 at a total budgetary cost of $19 billion. This figure is $91 billion lower than the amount estimated by the Lewin Group.
(Excerpt) Read more at verumserum.com ...
The CBO forecast is a joke. Anyone with an I.Q. above single digits knew this before they shoved their ObamaCare Crapshake down our throats.
Surprise, surprise!
Wow, I could have told them for a buck fifty.
is the pope catholic?
does a bear blank in the woods?
what a shocking development!! who would have thought?
How anybody could have thought this boondoggle would function to lower the deficit was either on crack or knew it wouldn’t.
Bump for later viewing.
unexpected bump in the road
They needed a study to determine what most conservatives have been saying for last year
whoa...what a shocker !!!
you mean giving millions of people free health care is going to COST us money!
WHO WOULD OF THUNK!
*shakes head*
$19 billion?
$91 billion?
Just a little transposition??
Just a little transposition??
8-)
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