Skip to comments.ObamaCare Exchange Subsidy Cost Hiked By $233 Billion
Posted on 02/05/2013 2:39:44 PM PST by Nachum
The Congressional Budget Office on Tuesday quietly raised the 10-year cost of ObamaCare´s insurance subsidies offered via the health law´s exchanges by $233 billion, according to a Congressional Budget Office review of its latest spending forecast. The CBO´s new baseline estimate shows that ObamaCare subsidies offered through the insurance exchanges which are supposed to be up and running by next January will total more than $1 trillion through 2022, up from $814 billion over those same years in its budget forecast made a year ago. That´s an increase of nearly 29%.
(Excerpt) Read more at news.investors.com ...
An UNEXPECTED increase. /sarc
Since when has any government program remained within the projected price tag — Hardly ever.
All of us knew back when OB1dopey’s health care proposal was being debated that the CBO cost projections were pure fiction. There was never going to be any savings as a result of the AFCA. In fact, when the Republicans cave and grant amnesty, there will be 20 million more people, all of them newly legalized former illegal aliens, drawing benefits from this law. The costs will probably double or triple from original projections.
Well....DUH....Government DOES what it naturally does....INCREASE the COST of what it gets involved in, and DECREASE the QUALITY of the service.
We have exceeded the projections for Medicare nine times over. The CBO must factor in things that will never happen like reductions in the Medicare payments to doctors and hospitals. Not going to happen. The $716 billion in Medicare cuts won’t happen. It is pure fiction to make Obamacare cost neutral.