CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years

cns news ^ | 9/15/14 | Terence P. Jeffrey

[Nachum]

(CNSNews.com) - The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the latest budget estimate from the Congressional Budget Office.

Medicaid spending will double in the first ten years of full implementation of Obamacare, according to the CBO estimates.

[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

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[Jane Long]

Thanks, 0bola!

Thanks, 0bola-voters!

Thanks, Boehner!

[Obama_Is_Sabotaging_America]

100% guaranteed Cloward & Piven

[BenLurkin]

[pke]

So does that mean we’re going to save even more than $2500 on our annual premiums and get a mule too?

[boycott]

The law that was passed doesn’t allow for the subsidy in most states.

[Fungi]

Welcome to socialism, and the only difference between socialism and communism is the difference between seduction and rape. Do you thing the NFL knows the difference? Welcome to the brave new world "Amerika"—Stalin would be proud.

[FlingWingFlyer]

Is this taking into count the 50 million illegal alien invaders Obammie will be throwing on our backs in December?

[DoughtyOne]

Don’t look now, but I’ll bet the cost of using Air Force One increased more than that.

Michelle, “Barack honey, can I take half of Cleveland to Rhodesia? They’re cutting a ribbon to a new Ox Wash, and the girls want to go.”

[DoughtyOne]

No, but I think it will cover the cost of boots and thongs for each of them. (No! Footware! Stop it!) LOL

[Lorianne]

Of course it will ... because the subsidy is going to the INSURANCE COMPANY. This is backdoor bailout/subsidy of big insurance and big med which will only serve to escalate prices in perpetuity.

[rdcbn]

Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years

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No it won’t, because ObamaCare will bankrupt the country long before we get to 8x increase

[joshua c]

I still say the $2500 “savings” touted by Obama is the amount of the annual subsidy.

“Savings” equals other people’s money. I still have not seen anyone in the media call him on this.

Eight fold in ten years? Sounds about right, I think Medicare went on a similiar tear in its initial years.

[usconservative]

CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years

So the CBO has finally caught up to what everyone who's taken High School Economics 101 already knows: Anytime the Government gets involved, costs invariably always go up exponentially.

[Ouchthatonehurt]

Don’t worry, the Dems have the smartest woman in the world warming up in the bullpen.

[Slyfox]

[SierraWasp]

Eeeeee GADS!!! Somebody stop this disaster express!!! 60% to 65% of “the people” want offa this train wreck!!!

[kabar]

The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the latest budget estimate from the Congressional Budget Office.

But that is not all

Medicaid spending will double in the first ten years of full implementation of Obamacare, according to the CBO estimates. By 2024, the last year in the CBO estimates, Medicaid spending will climb to $570 billion.

[VTenigma]

At the very least, and that’s without the continued democrat depression. I call it the “no way in this or any other universe affordable care act”.