Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report

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Daily Mail:

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.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

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.’

It would be a significant discount if the White House could return to that number today.

The report and more are here

Ever wonder why we have to learn this from across the pond? If not, you’re a liberal.

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We are finding out how expensive it is to place layer upon layer of government workers between you and your insurer.
About $50,000 extra money-per-taxpayer IF 27 million non-insured people come into coverage (not CARE!!!!) in the next few years.
Of course, we now have maybe 3 to 4 million newly insured people, 87% of them getting subsidies.
IF these folks start realizing that they, for the most part, cannot actually get care they may begin dropping off the rolls as fast, if not faster than new fools are added.
So, we may never get to 27 million with coverage.

An excellent segment on John Gibson last week revealed that the entire goal of Obamacare was to run people off of their employer-provided health care programs and herd them to the exchanges. Employer-provided programs are not taxable, so if the company drops the employee in exchange for a dollar amount equal to the health care program, those “wages” are now taxable.

Zeke Emanuel and Jon Gruber figured out that the ravenous federal government was leaving $250 billion a year in potential taxable income on the table, so they decided to convert that non-taxable benefit into taxable wages. Obama salivated, rubbed his hands together and jumped on it, but his political advisors reminded him he had promised he would NOT tax health benefits (as he was accusing McCain of proposing), but as we now know all too well, a little (or a lot of) lying doesn’t scare Obama.

Thus was born the “Cadillac Tax” which will eventually penalize all companies out of the health care benefit business. Unions are NOT amused.

My primary care physician referred me to a specialist only to discover he was not taking any new Medicare patients. My doctor’s office looked 25 miles in all directions trying to find a specialist who would take Medicare. None could be found. One retired January 1. This is what we can expect more of in the future with less available doctors. What good does medical insurance do if you cannot find a doctor? Of course I have read these kinds of stories from ObamaCare subscribers. Now I know firsthand how frustrating this can be.

Are we still bending that cost curve down?

Yeah, I didn’t think so either…