Tuesday, March 13, 2012

Obamacare - #3727 - Congressional Budget Office: New 10-Year Projected Cost of Obamacare is $1.76 Trillion - Hot Air (2) Expert: Beware of Health Insurance Exchanges - Citizen Link

Via Philip Klein. The original 10-year price tag, the one that made it “safe” (but not really safe) for Democrats to drop this fiscal atomic bomb, was $940 billion. What happened, you ask? Well, see for yourself:

Remember, they gamed this thing so that it wouldn’t take effect until 2014, which means that the cost of the first four years of implementation was essentially zero. That $940 billion figure really represented just six years of cost, not 10, but it was politically invaluable to Democratic messaging in letting them tout the bill as costing less than a trillion dollars. Now that we’re nearing 2014 and the 10-year window of cost projections has slid forward, you can see what this leviathan boondoggle really costs: $1.76 trillion, soon to top $2 trillion when the window slides forward another year in 2013 and the new projection reaches into 2023. But wait. More good news: President Obama’s healthcare reform law coverage provisons will cost less but cover fewer people than first thought, the nonpartisan Congressional Budget Office said Tuesday. The revised estimate of the law’s coverage provisions shows about 2 million fewer people gaining coverage by 2016, reducing the number of uninsured Americans by 30 million instead of the 32 million projected a year ago. That would leave about 27 million people uninsured in 2016, two years after the law’s insurance exchanges go online.  Link to Report for larger version of above chart on page 2..........  Read entire article............

DON'T MISS THIS ONE, FIVE FEDERAL AGENCIES WILL HAVE ACCESS TO YOUR PERSONAL MEDICAL DATA UNDER OBAMACARE.....
Expert: Beware of Health Insurance Exchanges - Citizen Link - ObamaCare’s federally mandated state exchanges are set up to send private patient data directly to federal agencies, according to an expert familiar with their inner workings.  The U.S. Supreme Court is scheduled in two weeks to hear oral arguments about the constitutionality of the new federal health care law and its requirement to force everyone to buy health insurance, or pay a penalty.  But another aspect of the law is what’s known as the federally affiliated state health insurance exchanges. Though just as intrinsic to the new program’s success as the individual mandate, it’s gotten far less media attention. And that’s a problem, says Citizens Council for Health Freedom President Twila Brase, because they eventually will force everyone to give up their medical privacy.  “It’s been sold as one federal and several state systems,” she explained. But in reality, it will operate like a computer network: The federal government is the server — collecting and processing all the data — and the states will only be portals where data entry takes place. At least five federal agencies will have access to individuals’ medical data.  “We look at this as a Trojan horse. It looks like it’s your own, but it isn’t,” said Brase. “It’s still got all the federal controls. A big exchange is going to limit what kind of health insurance options you have, it will take control of health delivery, limit what your doctor does for you. You give up your privacy because there’s all this data on you that’s collected at the federal level. The regulations say the states have to create an individualized risk score on every person and send it to the federal government. That just shows you how they want to get into the details of your life, to find out if you’re a risky person.” Read more.......

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