Human Exceptionalism

Obamacare: Cost Nearly Doubles

Obamacare was only passed because supporters cooked the cost books with false assumptions and accounting maneuvers. Now, the CBO has nearly doubled the estimate of Obamacare’s cost.  From the Washington Examiner story:

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law’s core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That’s because we now have estimates for Obamacare’s first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn’t overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we’re likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.

Finally a little truth in advertising. But we always knew that winning meant more than integrity to the president and Congressional Dems. What a dishonerable legislative process.  What a debacle of a law.


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