The Congressional Budget Office released revised numbers yesterday of the cost to implement the Patient Protection and Affordable Care Act – Obamacare – over the first ten years. (Please note that the CBO is generally called “non-partisan” when it leans toward Democrat proposals and is called simply “CBO” when it does not.)
To recap - President Obama had promised that it would cost “around $900 billion over ten years.” The CBO now believes that the cost will be more like $1.76 trillion over the first ten years – nearly double the original estimate. The problem – you see - is that the Democrats used accounting sleight-of-hand to come up with the original numbers.
In the initial rendering, the Obama administration counted ten years of revenues against only six years of expenses. These new CBO numbers reflect actual costs for the entire ten years of implementation. And of course – as with most things government – the $1.76 trillion number is really probably a low-ball estimate.
I guess Nancy Pelosi wasn’t kidding when she proclaimed that Congress needed to pass the bill so we could see what was in it.
And you can add to the mix that the initial roll-out of Obamacare has been a disaster.
The administration has granted over 1,000 waivers to businesses and organizations who would be in deep trouble if the new regulations were foisted on them. Of course, most of these waivers have gone to labor unions and other entities sympathetic to the president – but that is a column for another day.
As well, the president said, “if you like your health care plan, you keep your health care plan.” But he also said, “…the vast majority of Americans are still going to be getting their insurance from private insurers.” And he also said, “…no one is going to force you to leave your health care plan.”
However, some estimates note that up to 50% of businesses will opt to have their employees use the government plan – since premiums will be cheaper and Medicare reimbursements will be higher. The deck is stacked – even as the ship is sinking.
While Republicans virtually all agree that Obamacare must be stopped and repealed (if it is not overturned by the Supreme Court first), they are divided as to who best carries the torch against it. I personally believe that Mitt Romney’s embrace of a state-based solution to the health insurance problem aligns with the conservative principles of the 10th Amendment.
But regardless which individual voice carries the GOP message in the Fall, the clarion call will be certain against this massive federal program and unprecedented federal control. And these new numbers by the CBO help make the growing case against Obamacare even stronger.