ObamaCare Damage Roundup: It Costs Almost Twice as Much as Promised, and Millions Might Lose Their Plans

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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!

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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.

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  • We knew companies would drop healthcare benefits as Obamacare mandates drove up the price and this is exactly the way the liberals planned it. There is no doubt that Obama is pleased with this news.
    And it isn’t surprising that the cost estimates were way off either, did anyone really believe what we were being told on this issue?

    • Well said. This is the intent, and no government program comes in at cost.

  • Anything the government touches only gets worse. When are people going to realize this.

    • They won’t realize it until someone that they love is harmed by it. And many times, not even then.

  • So in summary, the entire 2000+ page thing was a lie and deceit from the first page to the last.

    But don’t expect any liberals to start thinking twice about it now, no way, that’ll never happen and you know why, because it was never really about making health care cheaper.

    • Nope, it was all a control grab.

  • Here’s a conundrum….All my family and friends who have employer-based health insurance policies recently saw an increase in their premiums (not just in the amount employees contribute — in the overall premium). However, those of us who have private policies saw a reduction — of some 10%. What is the explanation for THAT? Perhaps the explanation is that we who have been paying for our policies all along don’t abuse those policies; we have high deductibles and don’t rush to the doc at the drop of a hat.

    • That’s a good point, and it’s also why Heath Savings Accounts save on costs. It put’s people in the driver’s seat.

  • It is all going according to plan. Socialized heath-care was always the plan.

    • It’s Cloward-Piven in action!