The Congressional Budget Office came out with new estimates on the cost of Obamacare, and it turns out that it will cost almost twice as much as Obama said when Democrats forced through passed their “healthcare” legislation.
From the Washington Examiner report: "President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law."
Edit: The CBO also estimates two million fewer people will be insured than were first claimed. Revenues from penalties paid by individuals and employers will also be greater than claimed. And despite claims that Obamacare was not a takeover of the insurance industry, by 2022 three million fewer people will have insurance through their employers, 17 million more Americans will be on Medicaid, and 22 million more will get coverage through the government's "insurance exchanges."
Edit: The CBO also estimates two million fewer people will be insured than were first claimed. Revenues from penalties paid by individuals and employers will also be greater than claimed. And despite claims that Obamacare was not a takeover of the insurance industry, by 2022 three million fewer people will have insurance through their employers, 17 million more Americans will be on Medicaid, and 22 million more will get coverage through the government's "insurance exchanges."
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