How much will the ACA actually cost our Government?

[Value Buy]

Obamacare cost to the Government is now pegged at 1.993 trillion dollars

$1,993,000,000,000

This article was posted over on the investing board and I wanted to being it over here for discussion.

www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3PyRQnmAr

[Value Buy]

From the article.....

Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report
Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years
Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare
The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best
The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance
Numbers assume Obamacare insurance exchange enrollment will double between now and 2025

By David Martosko, Us Political Editor For Dailymail.com

Published: 16:38 EST, 26 January 2015 | Updated: 18:32 EST, 26 January 2015   
   
  
  
 It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook.

The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.


Read more: www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3QAiwqxTP
Follow us: @mailonline on Twitter | DailyMail on Facebook

[Value Buy]

continued...

The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children's Health Insurance Program) costs.

Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.

That revenue includes quickly escalating penalties – or 'taxes,' as the U.S. Supreme Court described them – on people who resist Washington's command to buy medical insurance.

It also includes income from a controversial medical device tax, which some Republicans predict will be eliminated in the next two years.

If they're right, Obamacare's per-person cost would be even higher.

President Barack Obama pledged to members of Congress in 2009, as his signature insurance overhaul law was being hotly debated, that 'the plan I'm proposing will cost around $900 billion over 10 years.'


Read more: www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3QAknKYNT
Follow us: @mailonline on Twitter | DailyMail on Facebook

[Value Buy]

Seems it is not quite the package we were promised.

[djAdvocate]

healthcare inflation was running at 10% before the ACA.

now it is running at about 5%.

how much will we save on healthcare expenses during the study period if that holds up?

[Value Buy]

Jan 28, 2015 21:15:40 GMT -5 djAdvocate said:

healthcare inflation was running at 10% before the ACA.

now it is running at about 5%.

how much will we save on healthcare expenses during the study period if that holds up?

Before we tackle your important question, let's answer why the ACA was presented at a specific cost, and we are seeing this not to be true.

[djAdvocate]

PS- 10 year studies are nonsense.

let's just look at the annual cost.  if they are estimating that to be $200B, then let's talk about that.

a 10 year study of my income stream from 2011 would determine that I would be in personal bankruptcy in 3 years. 

[djAdvocate]

Jan 28, 2015 21:18:16 GMT -5 Value Buy said:

Jan 28, 2015 21:15:40 GMT -5 djAdvocate said:

healthcare inflation was running at 10% before the ACA.

now it is running at about 5%.

how much will we save on healthcare expenses during the study period if that holds up?

Before we tackle your important question, let's answer why the ACA was presented at a specific cost, and we are seeing this not to be true.

I was attempting to do that using the original logic of the legislation.  do you not recall it?

[Value Buy]

And please note these numbers are from the Congressional Budget office:

The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

So the cost is 1.993 trillion for up to 27 million insured citizens.

[billisonboard]

Right-Wing Media Won't Tell You That The CBO's New Obamacare Cost Estimates Are Lower Than Expected

[djAdvocate]

Jan 28, 2015 21:21:55 GMT -5 Value Buy said:

And please note these numbers are from the Congressional Budget office:

The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

So the cost is 1.993 trillion for up to 27 million insured citizens.

yes, because we all know how accurate the CBO is at long term forecasting.....

[AgeOfEnlightenmentSCP]

Jan 28, 2015 21:02:12 GMT -5 Value Buy said:

Obamacare cost to the Government is now pegged at 1.993 trillion dollars

$1,993,000,000,000

This article was posted over on the investing board and I wanted to being it over here for discussion.

www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3PyRQnmAr

$50,000 per enrollee in ObamaCare. What the actual FUCK?!?  Just give every uninsured person a voucher to go buy health insurance- you could stop at $25,000 or even $30,000 a year and save money over this piece of crap.

[djAdvocate]

Jan 28, 2015 21:42:29 GMT -5 AgeOfEnlightenmentSCP said:

Jan 28, 2015 21:02:12 GMT -5 Value Buy said:

Obamacare cost to the Government is now pegged at 1.993 trillion dollars

$1,993,000,000,000

This article was posted over on the investing board and I wanted to being it over here for discussion.

www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3PyRQnmAr

$50,000 per enrollee in ObamaCare. What the actual FUCK?!?  Just give every uninsured person a voucher to go buy health insurance- you could stop at $25,000 or even $30,000 a year and save money over this piece of crap.

you are a businessman.  you should know without a second of hesitation that number makes no sense.  let's see if you can tell me WHY in under 5 minutes.

[EVT1]

Jan 28, 2015 21:42:29 GMT -5 AgeOfEnlightenmentSCP said:

Jan 28, 2015 21:02:12 GMT -5 Value Buy said:

Obamacare cost to the Government is now pegged at 1.993 trillion dollars

$1,993,000,000,000

This article was posted over on the investing board and I wanted to being it over here for discussion.

www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3PyRQnmAr

$50,000 per enrollee in ObamaCare. What the actual FUCK?!?  Just give every uninsured person a voucher to go buy health insurance- you could stop at $25,000 or even $30,000 a year and save money over this piece of crap.

Divided by ten- but that isn't as catchy.

[Value Buy]

Jan 28, 2015 21:22:58 GMT -5 djAdvocate said:

Jan 28, 2015 21:21:55 GMT -5 Value Buy said:

And please note these numbers are from the Congressional Budget office:

The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

So the cost is 1.993 trillion for up to 27 million insured citizens.

yes, because we all know how accurate the CBO is at long term forecasting.....

If you mean they UNDERESTIMATE THE REAL COST, then, yes we all know how accurate they are.

[mroped]

Does this CBO study counts the fact that some of those that finaly can afford HI are paying for their insurance? They talk only what is the revenue from fines and such. 

Also is there anything noted about how much money is given to states as to create the network and bring their system to pace? 

[OldCoyote]

Gee wonder why Jeb Bush resigned from the Insurance co that he was a board member, to start his campaign.

I wonder if it had any thing to do with the huge profit the insurance co was making off Obamacare?? 

Since nothing was done to control the cost, It is going to cost us taxpayers a lot of $$$$$$$$$$$$$$.

[EVT1]

Well DUH! The only reason the GOP hates Obamacare is because they didn't enact it themselves.

They love the shit out of taxpayer money going to private corporations- as long as it is the ones they support.

And in spite of the SCOTUS ruling- very quietly states are expanding Medicaid because if one thing the GOP is beholden to over hating Obama is the hospitals and insurance companies that want it. My prediction is all of these states are going to expand Medicaid long before 2016.

[Value Buy]

Jan 29, 2015 1:26:56 GMT -5 EVT1 said:

Well DUH! The only reason the GOP hates Obamacare is because they didn't enact it themselves.

They love the shit out of taxpayer money going to private corporations- as long as it is the ones they support.

And in spite of the SCOTUS ruling- very quietly states are expanding Medicaid because if one thing the GOP is beholden to over hating Obama is the hospitals and insurance companies that want it. My prediction is all of these states are going to expand Medicaid long before 2016.

Here we go again.

It's all the Republican's fault......

[Deleted]

What a deal.

Too funny blaming the republicans for it.

"Their idea", "They wanted it"

Only problem is not one single one of them voted  for it.

Not one .

[djAdvocate]

Jan 28, 2015 22:31:36 GMT -5 Value Buy said:

Jan 28, 2015 21:22:58 GMT -5 djAdvocate said:

yes, because we all know how accurate the CBO is at long term forecasting.....

If you mean they UNDERESTIMATE THE REAL COST, then, yes we all know how accurate they are.

not at all.  the CBO routinely gets the picture too pessimistic as well.

[djAdvocate]

Jan 28, 2015 21:44:52 GMT -5 djAdvocate said:

Jan 28, 2015 21:42:29 GMT -5 AgeOfEnlightenmentSCP said:

$50,000 per enrollee in ObamaCare. What the actual FUCK?!?  Just give every uninsured person a voucher to go buy health insurance- you could stop at $25,000 or even $30,000 a year and save money over this piece of crap.

you are a businessman.  you should know without a second of hesitation that number makes no sense.  let's see if you can tell me WHY in under 5 minutes.

16 hours later, and still no answer?

so, either you KNOW that this is an utter fabrication, and simply don't care, or you just expect things to be 10x worse than they actually are . good to know.

[Tennesseer]

[AgeOfEnlightenmentSCP]

Jan 28, 2015 21:12:22 GMT -5 Value Buy said:

Seems it is not quite the package we were promised.

Yes, and if you Google it, you will discover that we were correct all along, and supposedly objective lamestream sources like Politifact rated statements of fact such as the truth that there are death panels, and that ObamaCare would cost DOUBLE what was promised as false- and the false ratings are still up.


www.politifact.com/florida/statements/2012/jul/11/american-commitment/tv-ad-says-health-laws-cost-2-trillion-double-what/

[Deleted]

Jan 29, 2015 13:53:44 GMT -5 @xmascookie said:

What a deal.

Too funny blaming the republicans for it.

"Their idea", "They wanted it"

Only problem is not one single one of them voted  for it.

Not one .

Don't confuse them with facts.

[dondub]

What a deal.

Too funny blaming the republicans for it.

"Their idea", "They wanted it"

Only problem is not one single one of them voted for it.

Not one .

 I guess my interpretation of the comments are different. It was a plan that came from a repo think tank and was first enacted by Romney in Mass. I don't see any blame laying,

just a fact.

 It's also a fact that a political party counts votes and can thus not vote on something to keep their hands clean when the other party has a passing vote number. This technique

was also apparent on the 2008 stimulus package. It's just playing politics.

 It's also a fact that upwards of 20 repo governors have not allowed state exchanges, thus making the numbers worse for sign up totals. What is really hilarious is that these

 same Govs., such as Florida's, have decried the lack of ACA successes they have contributed to by their refusal to cooperate with the ACA.

 We'll see what transpires between now and Nov. '16, but I tend to agree with EVT1 on his prediction.

[Deleted]

Is it possible that those Governors that "refused to cooperate with the ACA" did it, knowing full well what a disaster it will be when it ultimately implodes?

I'd hate to be in charge of one of those states that expanded Medicaid when the "extra funding" promised by the Federal government evaporates.

[dondub]

 Probably did it as a part of the general Repo 'get the ACA' that also included at least 50 Congressional votes that failed.

 If they actually knew something they should have applied that knowledge back when they were in charge and done something about our 47 million without insurance,

our doubled costs versus the rest of the industrialized world, and the 45,000 that died every year due to lack of access to healthcare because of -0- insurance. Instead they

were off somewhere discussing 'family values'.

[djAdvocate]

Jan 29, 2015 17:55:30 GMT -5 AgeOfEnlightenmentSCP said:

Jan 28, 2015 21:12:22 GMT -5 Value Buy said:

Seems it is not quite the package we were promised.

Yes, and if you Google it, you will discover that we were correct all along, and supposedly objective lamestream sources like Politifact rated statements of fact such as the truth that there are death panels, and that ObamaCare would cost DOUBLE what was promised as false- and the false ratings are still up.


www.politifact.com/florida/statements/2012/jul/11/american-commitment/tv-ad-says-health-laws-cost-2-trillion-double-what/

um....you realize that Poltifact says your statement is false, right?  so/ much for Google, I guess?

We rate this statement False.. 

edit: I can't believe you posted that, actually.  from the link above:

The ad upgrades that $1,762 billion, or $1.762 trillion to $2 trillion. In this case, we won’t quibble about $240 billion, because the $1.76 trillion number itself is extreme cherry-picking. It doesn’t account for the law’s tax increases, spending cuts or other cost-saving measures.

In fact, the CBO has said that overall the health care bill actually reduces government spending by about $124 billion over 10 years.

[damnotagain]

Jan 29, 2015 1:26:56 GMT -5 EVT1 said:

Well DUH! The only reason the GOP hates Obamacare is because they didn't enact it themselves.

They love the shit out of taxpayer money going to private corporations- as long as it is the ones they support.

And in spite of the SCOTUS ruling- very quietly states are expanding Medicaid because if one thing the GOP is beholden to over hating Obama is the hospitals and insurance companies that want it. My prediction is all of these states are going to expand Medicaid long before 2016.

Must be due to that expanding oblahma economy !