Obamacare costs taxpayers $ 50k per person insured, CBO report, Revised cost estimates for next 10 years, 29 to 31 million people uninsured
Obamacare costs taxpayers $ 50k per person insured, CBO report, Revised cost estimates for next 10 years, 29 to 31 million people uninsured
From the Daily Mail.
“Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report
- Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years
- Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare
- The $1.35 trillion net cost will result in ‘between 24 million and 27 million’ fewer Americans being uninsured – a $50,000 price tag per person at best
- The law will still leave ‘between 29 million and 31 million’ nonelderly Americans without medical insurance
- Numbers assume Obamacare insurance exchange enrollment will double between now and 2025 “
“It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.
The number comes from figures buried in a 15-page section of the nonpartisan organization’s new ten-year budget outlook.
The best-case scenario described by the CBO would result in ‘between 24 million and 27 million’ fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.
Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.”
“The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children’s Health Insurance Program) costs.
Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.”
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