Tuesday, January 27, 2015

Obamacare Update

Well the Congressional Budget Office January 2015 outlook on Obamacare is in... $1.993 Trillion offset by $643 Billion in new revenue for an offset cost of $1.35 Trillion dollars for 2016-2025.

Insuring 24-27 million Americans at a "government" price tag of $50,000 a head, and that doesn't include the increase in your insurance premiums to help offset the cost.  I don't know about all of you but the health care premium rate increase this year was  20%, on top of the 10% increase from last year.

So that's the government footing a portion of the bill at $5000 a head per year. Compare that to the British National Health Service that foots the whole bill for everyone at a cost of $3405 a head (The Economist).

That said... $1.35 Trillion dollars later there will still be between 29 and 31 million uninsured.

As P.T Barnum said "There's a Sucker born every minute".

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