The Republicans on the Senate Budget Committee have unearthed some interesting and deeply disturbing data about the various healthcare plans floating around Capitol Hill.
Here’s what you need to know: the Congressional Budget Office provides an estimated cost over 10 years. BUT, the healthcare bills are not fully implemented until the fourth year. As a result, the CBO estimate, which is already ridiculously high, actually underestimates the costs.
Below is a chart showing the costs of the legislation during the first ten years and also shows the cost over the first ten years of implementation, which is the more relevant number.
And what do we find? From the Senate Budget Committee:
When fully implemented, the House bill will cost $2.4 trillion over ten years, and the HELP bill will cost $2.2 trillion over 10 years.
Moe Lane
Dan McLaughlin
Neil Stevens
Steve Maley
Yes, but Obamacare may save Social Security
potter (Diary) Friday, August 7th at 6:02PM EST (link)The unspoken motive for attempting to pass universal healthcare is that it will help Congress and Obama slow down the bankruptcy of social security. All they have to do is make sure they kill a lot of old and disabled people by rationing or denying services to them. Fewer SS payments will be needed.
Just imagine how the American people would react if they thought of Obamacare in these terms.
Sounds fishy to me
6eorge Jetson (Diary) Saturday, August 8th at 1:09AM EST (link)On the bright side
ss396 Friday, August 7th at 7:47PM EST (link)At least the CBO reads the legislation.
If you pay someone to sit on his butt, you can’t be surprised when he does.
The type of people ...
skorrent1 (Diary) Friday, August 7th at 9:05PM EST (link)Who place any credence in 10-year budget projections are the ones who believe we can predict climate a century hence.
Tomorrow’s weather, give or take a few clouds, OK. Next year’s spending, within a few hundred billion, maybe. Anything more than that and I’m laughing.