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Another $17 trillion surprise found in Obamacare
The Daily Caller ^ | 3/30/12 | Neil Munro

Posted on 03/30/2012 10:00:53 AM PDT by Nachum

Senate Republican staffers continue to look though the 2010 health care reform law to see what’s in it, and their latest discovery is a massive $17 trillion funding gap.

“The more we learn about the bill, the more we learn it is even more unaffordable than was suspected,” said Alabama Sen. Jeff Sessions, the Republican’s budget chief in the Senate.

“The bill has to be removed from the books because we don’t have the money,” he said.

The hidden shortfall between new spending and new taxes was revealed just after Supreme Court justices grilled the law’s supporters about its compliance with the Constitution’s limits on government activity. If the court doesn’t strike down the law, it will force taxpayers find another $17 trillion to pay for the increased spending.

The $17 trillion in extra promises was revealed by an analysis of the law’s long-term requirements. The additional obligations, when combined with existing Medicare and Medicaid funding shortfalls, leaves taxpayers on the hook for an extra $82 trillion in health care obligations over the next 75 years.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Breaking News; Constitution/Conservatism; Front Page News; Government; News/Current Events
KEYWORDS: 17trillion; found; healthcare; obama; obamacare; obamacarefundinggap; obamathreatensscotus; scotusocareanalysis; surprise; trillion
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To: JediJones
How about a massive tax deduction or exemption up to a certain limit if you contribute to health care charities that help the uninsured?

Bottom line is we can’t have another government program. They can’t manage their books. Charities can manage their books. So creating a voluntary mechanism and incentive for people to send their money to charities that help the health care problem makes a lot more sense.

********

This is mirse. Your idea sure sounds like something we should try.

81 posted on 03/30/2012 1:38:16 PM PDT by john mirse
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To: Nachum

17 trillion will buy you a dozen Chevy Volts, electricity not included.


82 posted on 03/30/2012 1:43:22 PM PDT by Karliner ( Jeremiah 29:11, Romans 8:28, Romans 8:38"...this is the end of the beginning."WC)
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To: presently no screen name
I’m NOT staying home - but that doesn’t mean I vote for Mitt/evil!! I NEVER voted for a PRO HOMO/PRO ABORTION/anti traditional marriage/BigGov’t socialistic HEALTHCARE POS candidate and not starting now. I’m not pulling a lever for his devil. Men died for our freedoms - one nation under God - I honor THEM. I honor AMERICA - not her enemies. I’m not teaching the GOP anything - evil doesn’t learn - it only get worse and they have. I choose NOT to be part of them.

I second your thoughts. I will NEVER vote for the evil mitt.

Anyone who votes for mitt because "he is better than Obama" are utterly delusional. The end game with mitt is exactly the end game with Obama

The sooner we hit bottom, the sooner we can restore our Constitutional Republic.

83 posted on 03/30/2012 1:45:23 PM PDT by sand88 (Nothing on this Earth would get me to vote for Mitt.)
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To: Nachum

sfl


84 posted on 03/30/2012 1:47:18 PM PDT by know-the-law
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To: presently no screen name
PRO HOMO/PRO ABORTION/anti traditional marriage/BigGov’t socialistic HEALTHCARE POS

+ anti-gun

85 posted on 03/30/2012 1:48:21 PM PDT by 101stAirborneVet
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To: jersey117
"It only took them two years?

No one said they were done ... though they do have at least one Justice on the Supreme Court who would probably entertain a constitutional challenge to being made to read it all.

86 posted on 03/30/2012 1:51:32 PM PDT by In Maryland (Liberal logic - the ultimate oxymoron!)
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To: Nachum
The additional obligations, when combined with existing Medicare and Medicaid funding shortfalls, leaves taxpayers on the hook for an extra $82 trillion in health care obligations over the next 75 years.


$1 trillion dollars

multiply that times 82!

What does one TRILLION dollars look like?

87 posted on 03/30/2012 1:52:54 PM PDT by NYer (He who hides in his heart the remembrance of wrongs is like a man who feeds a snake on his chest. St)
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To: 101stAirborneVet

Romney is ANTI-AMERICAN!!

EVERYTHING we stand for and believe in - he is AGAINST!


88 posted on 03/30/2012 1:55:45 PM PDT by presently no screen name
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To: Red in Blue PA
Obama will forever be known as the incompetent clown who crashed the economy.

He isn't incompetent - HE IS DELIBERATE!! And that IS already known. We don't have to wait till the future to know it.

89 posted on 03/30/2012 2:02:14 PM PDT by presently no screen name
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To: Lee'sGhost
"Considering how big the bill is, it’s not that surprising. It would take six months just to read it, a hell of a lot longer to analyze it.

Just to give my FRiends an idea of what it's like to read legislation, here is one of the 2700 pages:

SEC. 1102. REINSURANCE FOR EARLY RETIREES. (a) ADMINISTRATION.— (1) IN GENERAL.—Not later than 90 days after the date of enactment of this Act, the Secretary shall establish a temporary reinsurance program to provide reimbursement to participating employment-based plans for a portion of the cost of providing health insurance coverage to early retirees (and to the eligible spouses, surviving spouses, and dependents of such retirees) during the period beginning on the date on which such program is established and ending on January 1, 2014. (2) REFERENCE.—In this section: (A) HEALTH BENEFITS.—The term ‘‘health benefits’’ means medical, surgical, hospital, prescription drug, and such other benefits as shall be determined by the Secretary, Deadline. Time period. whether self-funded, or delivered through the purchase of insurance or otherwise. (B) EMPLOYMENT-BASED PLAN.—The term ‘‘employment- based plan’’ means a group health benefits plan that is— (I) maintained by one or more current or former employers (including without limitation any State or local government or political subdivision thereof), employee organization, a voluntary employees’ beneficiary association, or a committee or board of individuals appointed to administer such plan; or (II) a multiemployer plan (as defined in section 3(37) of the Employee Retirement Income Security Act of 1974); and (ii) provides health benefits to early retirees. (C) EARLY RETIREES.—The term ‘‘early retirees’’ means individuals who are age 55 and older but are not eligible for coverage under title XVIII of the Social Security Act, and who are not active employees of an employer maintaining, or currently contributing to, the employmentbased plan or of any employer that has made substantial contributions to fund such plan. (b) PARTICIPATION.— (1) EMPLOYMENT-BASED PLAN ELIGIBILITY.—A participating employment-based plan is an employment-based plan that— (A) meets the requirements of paragraph (2) with respect to health benefits provided under the plan; and (B) submits to the Secretary an application for participation in the program, at such time, in such manner, and containing such information as the Secretary shall require. (2) EMPLOYMENT-BASED HEALTH BENEFITS.—An employment- based plan meets the requirements of this paragraph if the plan— (A) implements programs and procedures to generate cost-savings with respect to participants with chronic and high-cost conditions; (B) provides documentation of the actual cost of medical claims involved; and (C) is certified by the Secretary.

And make sure you check out the referenced portion of the Social Security Act and ERISA to understand the references! (There are indentations used, but in the interest of keeping it to one screen ...

90 posted on 03/30/2012 2:07:11 PM PDT by In Maryland (Liberal logic - the ultimate oxymoron!)
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To: stephenjohnbanker

How many divisions does John Roberts have?


91 posted on 03/30/2012 2:08:11 PM PDT by Neidermeyer
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To: South40

$17 trillion would be $1000 bills stacked 1,139 miles high.
****************************************************
The highest current US denomination is $100 ... which would make your stack 11,390 miles high assuming there is very little compression from the weight of the money ... $17T in used hundreds would weigh 340,000,000 lbs using the drug dealer counting “shortcut” of 20# per million in hundreds.


92 posted on 03/30/2012 2:15:16 PM PDT by Neidermeyer
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To: Neidermeyer

Divisions?


93 posted on 03/30/2012 2:22:24 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: geege
How can anyone believe he is leading in the polls?????

It appears we are gaming for the same for a replacement less the current political savvy.

I believe it!

If sh!t is the choice against sh!t, what is the advantage?

94 posted on 03/30/2012 2:29:16 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Qbert

“We have to pass the bill so that you can, uh... find out what is in it”.

As I’ve been saying,

“Just like a stool sample!”


95 posted on 03/30/2012 2:50:49 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: True Republican Patriot
"Correction! I already sold America to the Muzzies, before I promised the Ruskie’s they could have Her, before I am now promising America to the Chinks who already Own Her Thanks to my Treasonous acts to destroy Her!"

LOL...we have a winner :)

96 posted on 03/30/2012 2:53:56 PM PDT by evad (STOP SPENDING, STOP SPENDING, STOP SPENDING. It's the SPENDING Stupid)
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To: ImJustAnotherOkie; Nachum

That’s the really scary part of it: he’s not incompetent.

HE KNOWS EXACTLY WHAT HE’S DOING. EVERY ALINSKY-PIVEN-LENIN-STALIN-SOROS STEP OF THE TREASONOUS PATH IN DESTROYING AMERICA. (JMO)


97 posted on 03/30/2012 3:37:57 PM PDT by carriage_hill (I'll "vote for an orange juice can", over Barry 0bummer and another 4yrs of his Regime From Hell!)
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To: thepatriot1
What comes after Trillion?

Quadrillion, Quintillion, Sextillion, Septillion

A Trillion is 10 followed by 12 zeros. A Septillion is 10 followed by 24 zeros.

The total miles from one side of the universe to the other is estimated to be about 90 sextillion miles.

US budgets in trillions of dollars is as insane as trying to row a boat from one end of the universe to the other.

98 posted on 03/30/2012 3:41:43 PM PDT by Ron C.
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To: Qbert
“We have to pass the bill so that you can, uh... find out what is in it”...

And now that we know, we have to kill it.

99 posted on 03/30/2012 3:41:52 PM PDT by JrsyJack (a healthy dose of buckshot will probably get you the last word in any argument.)
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To: Nachum
There's always *exabytes* (1018 bytes = 1,000,000,000 gigabytes = 1,000,000 terabytes). And then there's a million exabytes equal a *yottabyte* (1024 bytes) – by them. A single yottabyte is 500 quintillion (500,000,000,000,000,000,000) pages of text.
100 posted on 03/30/2012 3:44:55 PM PDT by carriage_hill (I'll "vote for an orange juice can", over Barry 0bummer and another 4yrs of his Regime From Hell!)
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