Are Conservatives and Libertarians prophetic? Or do they just have a good grasp of the obvious? While I’d like to think that we’re able to see the future, the reality is that we can integrate information from a variety of sources, and make reasonable predictions about future events. Consider ObamaCare-when we were told that Congress had to pass it “so we can see what is in it.” While the contents were supposedly a mystery, promises were made, like it being revenue neutral, costing approximately $900,000,000,000 over the first ten years. However, Conservatives pointed out that there were many accounting tricks done to meet that number, and that the likely cost would be significantly higher. After all, Medicare overran it’s cost projections by an order of magnitude, just as most all government entitlements do. Why would ObamaCare be any different? Well, the CBO has proved that assertion to be quite correct. Michele Malkin has the details…
Earlier in the week the CBO found that the “Affordable Care Act” is going to make health care so affordable that it will cost at least twice as much as originally advertised:
The Congressional Budget Office has extended its cost estimates for President Obama’s health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive — twice as much as the original $900 billion price tag.
In a largely overlooked segment of the CBO’s update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.
That only counts the cost of coverage, not implementation costs and other changes.
So then, just as we predicted, the law is going to cost almost twice as much as originally projected!
But, at least we’re going to keep our own plan, just as President Obama promised, right?
Well, that too appears to have been something of a fabrication. Again, reality interferes with the narrative…
As many as 20 million Americans could lose their employer-provided coverage because of President Obama’s healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.
The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019.
The best estimate, subject to a “tremendous amount of uncertainty,” is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022.
Hmm, it looks like a lot of people are going to lose their plans. There have already been anecdotal evidence of people losing their plans. I would predict that will only get worse. The reasoning is simple…the law places so many demands on the system (Cloward-Piven) that many companies will drop their coverage and pay the related fine, as it is cheaper. Also, many companies may change to less expensive plans. Either way, I think it’s safe to predict that a lot of people will be sent to the public system, and eventually, less and less private plans will be available-just as the regressives want.
This is just the beginning folks. It’s going to get worse.