Analysis: Obamacare to cost $2.6 trillion over first full decade

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posted on Jul, 12 2012 @ 10:55 AM
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from The Daily Caller
July 11, 2012

Analysis: Obamacare to cost $2.6 trillion over first full decade
 

Now all of a sudden the ObamaCare "costs" have skyrocketed again.

This time it's up to $2.6 trillion by the year 2023 (according to a Senate Budget Committee analysis).

The end of the year 2023 will mark the 10 year period that the laws take full enforcement.

Sections of ObamaCare have been invoked since 2010.

The costs keep going up and up.

Where will all the money come from ?

I don't know if these budget costs are the costs to the Federal government only.

Higher costs could be taken on by States and individuals.

I bet the cost "estimates" two years from now could easily be $4 trillion by 2024 ?

And I wonder if they are considering all the ensuing fraud and corruption that is certain to be involved.


President Barack Obama promised his health-care law would cost approximately $900 billion over ten years when he first proposed it.

Since then, the price tag has continued to climb. Total spending under the Affordable Care Act will reach $2.6 trillion over its first full decade, according to a Senate Budget Committee analysis, which was based on Congressional Budget Office estimates and growth rates.



Obama himself "promised" a cost of "only" $900 billion for ten years


2nd article

 




posted on Jul, 12 2012 @ 10:58 AM
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2.7 Trillion....

Is that even a lot these days?

I see these figures thrown around *so* much,

Money has lost all worth in my eyes.

Like saying a word over and over until it eventually looses meaning. (Sigh)



posted on Jul, 12 2012 @ 11:06 AM
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but but the tyrant said it would only cost 900 billion.


obamacare is the death of america.



posted on Jul, 12 2012 @ 11:29 AM
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*yawn*

How much have we spent on the Iraq and Afghanistan wars?

Probably more than 260B a year.



posted on Jul, 12 2012 @ 11:31 AM
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We spend half that just in ONE year on our military and military related organizations. I think we'll live.



posted on Jul, 12 2012 @ 11:47 AM
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Originally posted by XxRagingxPandaxX
We spend half that just in ONE year on our military and military related organizations. I think we'll live.


Correct and this is over 10 years.

2.6 trillion / 10 years = 260 billion per year.

I agree that is a lot but the federal budget for 2012 is about 3.8 trillion

3.8 trillion / 260 billion = 14.6% of the federal budget.

The military budget is about 53%.

Stop sensationalizing this. It's HEALTHCARE for our citizens. Healthy citizens and preventative care save costs over the long run.

I'm tired of the mindset that unlimited funds for wars and military expenditures are cool but god forbid we spend a dime on education and healthcare.

Do a return on investment and I guarantee you will get more money back in our country from the Affordable Healthcare Act (ACA) than any military expenditure we have had in the last 30 years.

That's my two cents. You guys can go back to listening to Limbaugh and Hannity now. Fox news probably has something new to lie to you about too.
edit on 12-7-2012 by koopatroopa because: (no reason given)



posted on Jul, 12 2012 @ 11:51 AM
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Originally posted by xuenchen
from The Daily Caller
July 11, 2012

Analysis: Obamacare to cost $2.6 trillion over first full decade
 

Now all of a sudden the ObamaCare "costs" have skyrocketed again.

This time it's up to $2.6 trillion by the year 2023 (according to a Senate Budget Committee analysis).

The end of the year 2023 will mark the 10 year period that the laws take full enforcement.

Sections of ObamaCare have been invoked since 2010.

The costs keep going up and up.

Where will all the money come from ?

I don't know if these budget costs are the costs to the Federal government only.

Higher costs could be taken on by States and individuals.

I bet the cost "estimates" two years from now could easily be $4 trillion by 2024 ?

And I wonder if they are considering all the ensuing fraud and corruption that is certain to be involved.


President Barack Obama promised his health-care law would cost approximately $900 billion over ten years when he first proposed it.

Since then, the price tag has continued to climb. Total spending under the Affordable Care Act will reach $2.6 trillion over its first full decade, according to a Senate Budget Committee analysis, which was based on Congressional Budget Office estimates and growth rates.



Obama himself "promised" a cost of "only" $900 billion for ten years


2nd article

 




Don't worry. I'm 100% sure ObamaCare will be repealed by President Mitt Romney.


It costs too much and nobody wants to wait 3 months to see a doctor.



posted on Jul, 13 2012 @ 01:13 AM
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Originally posted by XxRagingxPandaxX
We spend half that just in ONE year on our military and military related organizations. I think we'll live.


That's on top of the trillion a year we already spend on medicare/medicaid. Still think we are fine? I've got an idea, you pay my share of this extra money since it's no big deal.



posted on Jul, 13 2012 @ 01:25 AM
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2023?

You really think the economy will be gauging today’s value of X.X trillion in 2023?

what a load of fooy!



posted on Jul, 13 2012 @ 01:46 AM
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Originally posted by DaTroof
*yawn*

How much have we spent on the Iraq and Afghanistan wars?

Probably more than 260B a year.
Star for you!
edit on 13-7-2012 by Wooster because: (no reason given)



posted on Jul, 13 2012 @ 01:48 AM
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Could somebody please explain how Obamacare will increase the deficit? I think I am missing a piece of the puzzle, but all I see are the opponents of it screaming how much money it will cost.

If Obamacare is requiring people to purchase healthcare with THEIR OWN MONEY.

And the ones who don't purchase health care will have TAXES IMPOSED ON THEM,

all the while REDUCING THE NUMBER OF PEOPLE ON MEDICAID,

how does that equal to a deficit?



posted on Jul, 13 2012 @ 01:52 AM
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Originally posted by DaTroof
*yawn*

How much have we spent on the Iraq and Afghanistan wars?

Probably more than 260B a year.


No idea why anyone starred you, both wars have cost about 1.3 trillion total. That is how staggering this healthcare cost is. The wars cost about 130B a year, HALF what Obamacare will cost. From 2001 to 2021 the total cost of all wars will cost about 1.8T.

10 years of partial (the highest costing parts have yet to roll out) Obamacare will cost 50% more than 20 years of war. Awesome right!
www.fas.org...
costofwar.com...
edit on 13-7-2012 by OccamsRazor04 because: (no reason given)



posted on Jul, 13 2012 @ 06:10 AM
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Originally posted by Wooster
Could somebody please explain how Obamacare will increase the deficit? I think I am missing a piece of the puzzle, but all I see are the opponents of it screaming how much money it will cost.

If Obamacare is requiring people to purchase healthcare with THEIR OWN MONEY.

And the ones who don't purchase health care will have TAXES IMPOSED ON THEM,

all the while REDUCING THE NUMBER OF PEOPLE ON MEDICAID,

how does that equal to a deficit?


There's no guarantee that every single person will buy insurance or can afford it.

When the situation arises that somebody can't "afford" it, there will be increased Medicaid spending.

Most States will be giving Medicaid to people who can't qualify now.

Medicaid will increase dramatically.

Plus all the administrative costs at all the levels of government.

And of course the big "law of arithmetic" always applies.

When you spend more than you take in, you add to the deficit.

Compare this to what has happened with the massive increased spending in food stamps and welfare and unemployment.

"Health" insurance will become the same scenario.

Besides all that, what do you see as the "spending" in the government reports about what it will "cost" ?



posted on Jul, 13 2012 @ 07:38 AM
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Originally posted by xuenchen



Obama himself "promised" a cost of "only" $900 billion for ten years


2nd article









the 2nd article i liked the better of the two...it places blame where it should be placed


As far as the original Øbama (wishful thinking) estimate of $900BN over 10 years is concerned...

... well that estimate was way before he got the Amnesty for Illegal Aliens bill passed...
he knew beforehand that the healthcare reform would be more expensive...and thats why he used all his first days in office to get the health care reform act passed first.

the politician is very sneaky...because he knew that Illegal Immigrant Amnesty would eventually be a first term policy/ Law at the onset of his socialist-progressive regime and that the AffordableCareAct needed to be in place first or else neither socialist program would be passed into Law as both would combine to be too expensive for the country---> Forward !



remember the USSR collapsed because it could not afford a technically advanced military juggernaut machine
it seems Øbama is intent on destroying America by way of Medicine & healthcare, thus leaving only the militarized USA shell to be the nanny-state guardian of a people resource to be harvested as needed while maintaining global vigilence for multinational corporations to operate unrestricted



posted on Jul, 13 2012 @ 07:43 AM
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2.6 trillion may seem like a gigantic amount, but when you put it in context of the decade it takes place along vs the military budget you see it isn't drastic at all.


 
Posted Via ATS Mobile: m.abovetopsecret.com
 



posted on Jul, 13 2012 @ 08:08 AM
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So every champion of 0bama has the only shared retort of "Well, the wars cost that"?

That is all you have, really??????

The fact that he and his Administration lied about the costs is the issue. And not just lied a little. But a whole lot.

Oh well, go bury your head back into the sand. I am sure 0bama will provide you with everything you need in the future as well.



posted on Jul, 13 2012 @ 09:12 AM
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Originally posted by macman
So every champion of 0bama has the only shared retort of "Well, the wars cost that"?

That is all you have, really??????

The fact that he and his Administration lied about the costs is the issue. And not just lied a little. But a whole lot.

Oh well, go bury your head back into the sand. I am sure 0bama will provide you with everything you need in the future as well.



Yes, big government has all of the solutions.

- Womb to the tomb - healthcare......ObamaCare

-Womb to the tomb - groceries.........Food Stamps

- Socialism Gone Wild -



posted on Jul, 13 2012 @ 09:20 AM
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Originally posted by St Udio

Originally posted by xuenchen



Obama himself "promised" a cost of "only" $900 billion for ten years


2nd article









the 2nd article i liked the better of the two...it places blame where it should be placed


As far as the original Øbama (wishful thinking) estimate of $900BN over 10 years is concerned...

... well that estimate was way before he got the Amnesty for Illegal Aliens bill passed...
he knew beforehand that the healthcare reform would be more expensive...and thats why he used all his first days in office to get the health care reform act passed first.

the politician is very sneaky...because he knew that Illegal Immigrant Amnesty would eventually be a first term policy/ Law at the onset of his socialist-progressive regime and that the AffordableCareAct needed to be in place first or else neither socialist program would be passed into Law as both would combine to be too expensive for the country---> Forward !



remember the USSR collapsed because it could not afford a technically advanced military juggernaut machine
it seems Øbama is intent on destroying America by way of Medicine & healthcare, thus leaving only the militarized USA shell to be the nanny-state guardian of a people resource to be harvested as needed while maintaining global vigilence for multinational corporations to operate unrestricted



Actually, this is a misinterpretation of the facts. The USSR collapsed because it could not afford to compete with America over military technology superiority. No competition against the USA, no collapse.

Interestingly enough, no Empire in the history of the planet has ever spent so much of its GDP on Defence as America does. It is truly obscene in many ways but then again, not my country so not my business.

My American relatives are fuming over Obamacare. I, on the other hand, think it is not only morally and ethically correct, i also think it should be an obligation of the world's superpower to look after its own citizens, without the reliance on charity to accomplish this.



posted on Jul, 13 2012 @ 09:24 AM
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reply to post by Flavian
 


What ever happened to self - reliance?

I see an agenda.

Be dependent not independent. Self-reliance is blasphemy.



posted on Jul, 13 2012 @ 09:30 AM
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reply to post by Eurisko2012
 


I just think that people in the richest nation in the history of the planet should not have to rely on charity to get health care.

I understand what you are saying about self reliance and agree to a certain extent. However, i honestly see it as both abhorent and a crime against its own citizens that the nation with more cash than any before cannot even afford to look after its citizens health.

That may appear quite socialist to some of our American friends but believe me, over here that definitely isn't how i am seen!





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