Skip to comments.CBO: One-Year Delay of Employer Mandate Increases Spending, Debt, and Dependence
Posted on 08/04/2013 11:56:45 AM PDT by Kaslin
The Congressional Budget Office has released its cost estimate of the Obama administrations one-year repeal delay of ObamaCares employer mandate and anti-fraud provisions. The CBO expects the Obama administrations unilateral rewriting of federal law (my words, not CBOs) will increase federal spending by $3 billion in 2014 and reduce federal revenues by a net $9 billion, thereby increasing the federal debt by $12 billion. If President Obama keeps this up, Congress may have to raise the debt ceiling or something.
Where is that $3 billion of new spending going? The CBO estimates the administrations action will lead to about half a million additional people receiving government subsidies, including through ObamaCares Exchanges:
All told, as a result of the announced changes and new final rules, roughly 1 million fewer people are expected to be enrolled in employment-based coverage in 2014 than the number projected in CBOs May 2013 baseline, primarily because of the one-year delay in penalties on employers. Of those who would otherwise have obtained employment-based coverage, roughly half will be uninsured and the others will obtain coverage through the exchanges or will enroll in Medicaid or the Childrens Health Insurance Program (CHIP), CBO and JCT estimate.
Which makes the presidents delay of the employer mandate and anti-fraud provisions consistent with his administrations goal of hooking enough voters on government subsidies to affect electoral outcomes and votes in Congress.
How ‘bout that ObammyCare Express? What a train wreck! The DemocRATS’ Pathway to the Morgue for Americans.
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