{"id":10595,"date":"2015-01-27T22:35:17","date_gmt":"2015-01-27T22:35:17","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=10595"},"modified":"2015-01-27T22:35:17","modified_gmt":"2015-01-27T22:35:17","slug":"obamacare-to-cost-1-993-trillion-for-insurance-subsidies","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=10595","title":{"rendered":"Obamacare to cost $1.993 trillion for insurance subsidies"},"content":{"rendered":"

CBO Report: Obamacare to Cost Government $50K Per Person<\/strong><\/h2>\n

NEWSMAX<\/p>\n

A bombshell report from the Congressional Budget Office reveals that it will cost the federal government $50,000 for every person who gets health insurance under Obamacare law.<\/p>\n

According to the Daily Mail.com,\u00a0<\/strong><\/a>the astounding figure was “buried” in a 15-page section of the nonpartisan organization’s budget forecast for the next 10 years.<\/p>\n

The CBO said that in a best-case scenario, “‘between 24 million and 27 million” fewer Americans would be uninsured in 2025, compared to the year before the Affordable Care Act was implemented, the Mail noted.<\/p>\n

And the report estimated that the price tag for insuring that number of people would be about $1.35 trillion\u00a0\u2014\u00a0or $50,000 per person.<\/p>\n

The CBO says it cost $1.993 trillion for insurance subsidies to struggling Americans, and to pay for a widespread expansion of Medicaid and Children’s Health Insurance Program.<\/p>\n

The amount would be offset by $643 billion in new taxes, penalties and fees related to the Obamacare law, according to the report,\u00a0the newspaper said.<\/a><\/strong><\/p>\n

<\/div>\n

The “taxes” include fines for people who refuse to buy medical insurance as well as the levy on a controversial medical device tax that the GOP-run Congress hopes to eliminate.<\/p>\n

The CBO and the Joint Committee on Taxation, which consists of members from both houses of Congress, prepared the report on the long-term outlook for the federal budget, according to the Mail.<\/p>\n

The report said that “‘the net costs of the coverage provisions of the [Affordable Care Act] will rise sharply as the effects of the act phase in from 2015 through 2017.”<\/p>\n

It also said that the Obamacare costs will “rise steadily through 2022” before leveling off for three years. But even then, Obamacare will cost the government “about $145 billion.”<\/p>\n","protected":false},"excerpt":{"rendered":"

CBO Report: Obamacare to Cost Government $50K Per Person NEWSMAX A bombshell report from the Congressional Budget Office reveals that it will cost the federal government $50,000 for every person who gets health insurance under Obamacare law. According to the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10595","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/10595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10595"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/10595\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}