Showing posts with label CBO projections. Show all posts
Showing posts with label CBO projections. Show all posts

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".