CBO Says Obamacare May Exceed $1 Trillion

It just keeps getting better for Obamacare. Not that any of this new information is a surprise to me or most of you. For safety sake, let's just tack on an additional 20% to this number and call it good. We are facing year after year of "oops, this is going to cost a little more than we thought" There is no such thing as meeting a budget goal in any govt. entity.

President Obama's new health-care law could potentially add at least $115 billion more to government health care spending over the next 10 years, if Congress approves all the additional spending called for in the legislation, congressional budget referees said Tuesday.

That would push the 10-year cost of the overhaul above $1 trillion -- an unofficial limit the Obama administration set early on.

The Congressional Budget Office said the added spending includes $10 billion to $20 billion in administrative costs to federal agencies carrying out the law, as well as $34 billion for community health centers and $39 billion for Native American health care.

The costs were not in earlier estimates by the budget office, although Republican lawmakers argued that they should have been. Part of the reason is technical: The additional spending is not mandatory, leaving Congress with discretion about whether to provide the funds in follow-on legislation.

This just about sums it up. No savings afterall...

"If Congress were to approve all of this new discretionary funding authorized in the health-care bill, almost all of the administration's highly touted savings would be made null and void," said Jennifer Hing, spokeswoman for Republicans on the House Appropriations Committee.

www.newsmax.com...

If its too good to be true, it probably is. Especially when the govt. is involved.

Just for the record, Obamacare stands to create 159 new Govt. agencies just to run and regulate this piece of snip. There's your job creation in addition to the 16,500 new workers that the IRS will need collect, examine and audit new tax information mandated on families and small businesses in the (health care) reconciliation bill.

Don't let the distractions of the day to divert your attention from this because this is now a living and breathing govt. entity that is being built as we discuss the events of the day. Oil Spill, Immigration Reform, Tea Party Movement, Elections, EU bailouts etc..

That's not a problem, just end this illegal war and use that money for helping people get well instead of killing innocent children.

reply to post by jibeho


To me, this not surprise at all, we were telling people the reality of this bailout to private insurance at the expenses of tax payer for months, we also told people that this was one of the biggest transfer of debt into the tax payer also.

But as usual people think that is going to be so good to be forced into buying insurance while paying with tax payer and entitlement programs for those that are lucky enough to fall into Medicaid

Is not going to be free health care, neither reimbursement checks in the mail or affordable private insurance premiums as it never was a reform to control the private insurance businesses.

But Obama did sign up to have Medicaid to be the biggest insurer for the poor (if you don't work) or for the millions if illegals in the nation all at the expenses of the working class that will be forced to buy private insurance.

I actually see the entire HCR fall out before it takes hold

$18 trillion to look after the health of the banks
$1 trillion to look after the health of the people

sounds like national socialism to me.

reply to post by pieman


Exactly!!!!! nothing but throwing the debt burden of the government and elite wealth controllers into the wallets of the working class.



[edit on 12-5-2010 by marg6043]

reply to post by jibeho
I am waiting for a diehard Obama supporter to jump on this thread and tell us that the CBO's numbers came from a right-wing blog!

I wish I was joking, but I think we will see something just that silly.



BTW... Star and Flag for again pointing out the follies of bigger and dumber government (socialism)!

Obama should use that as a campaign slogan in 2012,

Bigger and Dumber is Better!

[edit on 12-5-2010 by butcherguy]

reply to post by butcherguy


Trust me is not going to happen because even before the whole HCR was approved many here in ATS knew the realities behind it.

Now the truth is coming out, this not something that can be dismissed easily.

reply to post by jibeho


obamacare, you can believe if they say a $Trillion dollars count on it

being 2 $Trillion dollars. No accountability none nada a blank check.

After the elections in 2010 the great push for amnesty and Puerto Rico

becoming the 58th state I mean 51st state of the United States Of

America.


Who will pay for the illegals we all will and yes we are paying now.

Folks the amnesty program will be the steps necessary for obama's

reelection not to mention Puerto Rico becoming a state. It is all about

votes not ice cream. ^Y^

Its not suprising, is it? When was the last time that a government program ever met its initial budget estimates?

Wait 5-10 years. This current $1 trillion estimate will look like a bargain.

reply to post by marg6043
Only problem is we will not be able to wait and see if we can afford it.
We can't afford our current budgets. They are printing more and more money, but that is finally starting to catch up.
As it should.
What will happen when the whole house of cards collapses?
Either they won't be able to pay the baby boomer their SS checks, or the money they pay them with will be worthless.
Healthcare will either be rationed, or paid for outside the system(illegal) by those who can afford it.

Get used to looking at this in the future because US greenbacks will be worthless

[atsimg]http://files.abovetopsecret.com/images/member/36cebb4d5fe9.jpg[/atsimg]

Depression scrip was used during the depression era (1930's) as a substitute for government issued currency. Because of the banks closing temporarily and the lack of physical currency, someone had to come up with another form of currency to keep the economy going and a way for trade to continue. Therefore the old idea of local currency was reborn. Paper, cardboard, wood, metal tokens, leather, clam shells and even parchment made from fish skin was used.

Interesting website
www.depressionscrip.com...

Originally posted by marg6043
Exactly!!!!! nothing but throwing the debt burden of the government and elite wealth controllers into the wallets of the working class.

I really don't think I follow you, my point is that the shouting about healthcare is far louder than the shouting about the bank bail-outs even though the bail-outs are nothing but a straight transfer of wealth and far more expensive than healthcare will ever be.

The Loud-Mouth Idiot brigade in the US seem to be really, really upset about the government spending money, except when it's spent on the military or big business. If the money is for the military or big business then no stone should be left unturned, there's no choice.

That attitude stinks of fascism and the US seems to have swallowed it whole and asked for extra helpings.

reply to post by jibeho
My uncle is a merchant in Chambersburg, PA. He was showing me some coins that they are using as money in that town.
He told me that a group of merchants got together and decided to start using these coins, I kinda thought that was illegal?

Reply to post by pieman

So pieman you disagree with military spending then? Where do you think that money should be diverted to and how much?


Posted Via ATS Mobile: m.abovetopsecret.com

Originally posted by A Novel
So pieman you disagree with military spending then? Where do you think that money should be diverted to and how much?

Seriously? I hope you're not going to argue that military spending is some sort of necessity. I'd hate to make you look like a total muppet.

Every damn penny spent on the military should be diverted to working for world peace and developing our technology with an eye to exploring the universe in the spirit of harmony and the betterment of mankind.

With military levels of spending it should take about three months to sort those two out, after that we can buy lollipops for starving children in the third world and exercise bikes for fat asses in the 1st world.

reply to post by pieman


The health care reform was not reform at all, understand that, what the President did was to bailout the insurance companies with a bill that was actually redacted by insurance companies, that was already prove, this will force citizens to pay to support private insurances get it the working class will be forced to pay for private insurances even if they will end up without been able to afford their plans, then on top of that they will be taxes to pay for the Medicaid that is going to be Obama private option for the poor and those that can not pay for private insurance.

1 trillion dollars mostly to fall into the hands of private insurance business for bailout and still no regulations against private insurance and their premiums on the forced coverage.

Is a money grab get it nothing More and nothing less.

Beside with all the opposition to the bailouts under Bush and Obama congress doesn't give a crap what we want or not as tax payer and voters, they are passing laws, gouging the tax payer and forcing unconstitutional bills on us.

When was the last time a politician ask you what your really want?

[edit on 12-5-2010 by marg6043]

reply to post by marg6043
Yes.
The average, middle-class citizen(that already had insurance and worked for it) will have to pay more. I argue that it will not be long before the care is rationed, so we will pay more for less healthcare.

reply to post by butcherguy


The beneficiaries of the mandated health care private insurances the losers, the working class and tax payer.

reply to post by pieman

Every damn penny spent on the military should be diverted to working for world peace and developing our technology with an eye to exploring the universe in the spirit of harmony and the betterment of mankind.

I appreciate your optimism. However, when you find Utopia, please let the rest of the world know where it is. Until then, a well funded military is a necessity.

With the HCR in US, we are talking about a complete shakedown of our system and an entire sea of unknowns. There are planning this as they go along when they should have taken small steps to address individual problems first.

The panacea approach never works when you are dealing with a system this large in a country as large as the US. We're not talking about revamping the healthcare system in Luxembourg for pete's sake. This bill will create 159 new bureaucracies/agencies. 159!!! It does not compute!!!!!!!

[edit on 12-5-2010 by jibeho]

Originally posted by marg6043
When was the last time a politician ask you what your really want?

In all fairness, that's not really their job, they should be doing what I tell them to do.

I'm not particularly commenting on the nature of politicians or the detail of the bill, I am commenting on the fact that there has been massive and in-depth discussion of the healthcare issue in the US. It seems to be a bigger issue for America than the bank bail-outs even though the bail-out costs many multiples of healthcare. Free universal healthcare would probably cost less than the bank bail outs.

Don't you think there's something very, very wrong with the level of attention to healthcare?