Wednesday, August 10, 2011

The $500 Billion Obamacare Cost Error

Why ObamaCare is Wrong for America: How the New Health Care Law Drives Up Costs, Puts Government in Charge of Your Decisions, and Threatens Your Constitutional Rights


Actually it was a planned error. Democrats gave the CBO instructions to ignore families. As everyone who has a family plan knows, families cost more.
The latest cost overrun associated with ObamaCare? A $500 billion "error" associated with insuring the spouses and children of new entitlement recipients. That's $500 billion in additional deficit spending — although it didn't stem from an "error" so much as it was the result of a deliberate miscalculation.

As it attempted to calculate ObamaCare's true fiscal impact, the Congressional Budget Office was explicitly instructed to ignore the cost of covering family members under new eligibility requirements for low-income private sector employees.

"The Congressional Budget Office has never done a cost-estimate of this (because) they were expressly told to do their modeling on single coverage," researcher Richard Burkhauser told the Daily Caller this month.

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