Tuesday, May 11, 2010

Health Care Bill HR3590- #1714 - Great News: CBO Says Obama Care Will Cost $115B More Than Thought - Hot Air

Of all the slime dripping from ObamaCare, from the de facto bribes to the procedural shenanigans to the Democrats’ insane demagoguery of townhall protesters, the gaming of the CBO numbers is what bothers me most. Which, in a way, is silly. When you’re talking about sums as fantastically astronomical as $940 billion, who cares what the actual pricetag is? ....At a moment when Americans desperately need leaders to be frank with them about the cost of entitlements and what it’ll take to restore fiscal stability, Obama gave them a new entitlement built on lie after lie after lie. That’s the legacy of his signature domestic “achievement.”
What are the new costs?
  • Congressional Budget Office estimates released Tuesday predict the health care overhaul will likely cost about $115 billion more in discretionary spending over ten years than the original cost projections. The additional spending — if approved over the years by Congress — would bring the total estimated cost of the overhaul to about $1 trillion…
How was this discovered?
  • The CBO released the estimates in response to a request from California Rep. Jerry Lewis, ranking Republican on the House Appropriations Committee. A spokeswoman for Lewis said the inquiry was filed before the House voted on the bill.
What is the bottom line now.....
Just bear in mind that the vaunted “savings” from O-Care per the CBO score before the bill was voted on was $138 billion. Practically all of that is gone now, and when you incorporate the larger-than-expected cost of “doctor fix,” it looks like we’re actually into the red by the Democrats’ own accounting standards. Who could have seen that coming, except everyone?  Read more......


The Hit Just Keep on Comin' with Obamacare - American Thinker -   For example, small-business owners are telling members of Congress they are terrified about the risks the law presents to their ability to keep and hire workers - imperiling the nation's already fragile economic recovery.  Employers with more than 50 workers could face big penalties even if they are trying to do the right thing by offering health insurance to their workers. For example, they could be fined $2,000 per worker if they fail to follow Washington's rules in providing "affordable" coverage.  Companies are required to calculate whether their health plans meet Washington's affordability test by determining each employee's household income, not just what they are paying the worker. To say this presents a significant challenge is an understatement. But if employers fail, they could face fines of $100,000 or more.  Read more......

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