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

[Suzanimal]

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


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.

In that same speech, Obama claimed that there were 'more than 30 million American citizens who cannot get coverage.'

$900 billion spent on those people would equate to no more than $30,000 each – less than two-thirds of what the CBO now says the program will cost when the dust settles.

The CBO and the Joint Committee on Taxation, a group of members from both houses of Congress, prepared Monday's report on the overall direction of the federal budget.

They estimated that 'the net costs of the coverage provisions of the ACA [Affordable Care Act] will rise sharply as the effects of the act phase in from 2015 through 2017.'

Those costs will 'rise steadily through 2022' before leveling off for three years, the groups' economists determined. But even at that point, the Obamacare program will cost the governemnt 'about $145 billion' each year.

That number doesn't include the insurance premiums and out-of-pocket health care costs paid by Americans – only the government's role in implementing the law and paying for its guarantees.

And the law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance, says the CBO.

......

Read more: http://www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3Pyet3Ygm

[Working Poor]

Well now we pretty much know what's in it.

[DamianTV]

That is funny because I certainly do not cost $50,000 a year for my health. If the 50k cost per person is the result of an average, then that makes more sense. What else would make sense is for me to cost 50k per year in Administration alone, despite not having had even a single visit to any doctor for any reason.

Absolutely Unsustainable.

[oyarde]

My guess , the CBO is low on the number .

[Weston White]

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times' (http://cnsnews.com/mrctv-blog/craig-bannister/obama-raising-debt-ceilingdoes-not-increase-our-debt-though-it-has-over)


"Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It's a basic function of making sure that the full faith and credit of the United States is preserved."

But, isn't the fact that the U.S. has hit its debt ceiling "over a hundred times" - and, thus, has had to keep raising it - proof that raising the limit does, in fact, lead to increased debt?

...Not if you are a warmongering plutocrat who is fluent in speaking moron.

[DamianTV]

Yeah, he has only DOUBLED the National Debt. And by that, he has increased the National Debt more than every prior President has COMBINED.

[thoughtomator]

Per capita income isn't even $40k. They designed an "affordable" insurance program that costs 20%+ more than the entire cost of living - not just including health insurance but also, food, shelter, clothing and everything else discretionary or otherwise - could possibly have cost beforehand.

At one-third the current estimate, Obamacare would still be outrageously more expensive than anyone can afford.

[Ronin Truth]

Either kill it or just have the Fed write a check to cover it.

Next bogus crisis. :p :rolleyes:

[aGameOfThrones]

How else is the digital paper going to be pushed?

[Koz]

I find this hard to believe, the president said it wouldn't add one cent to the debt.

[acptulsa]

My guess , the CBO is low on the number .

Considering they're considering only those who weren't insured and now are, and aren't subtracting the people who liked their coverage, couldn't keep it, couldn't replace it, and are no longer insured, I think you're right.

If there was a net loss in the number of people insured, this is a number that can't even be crunched.

[Acala]

Hahahaha! Has there EVER been an estimate of the cost of a government program that was not dramatically lower than the actual cost turned out to be? It is likely that Obamromneycare will be the straw that breaks the camel's back.

[ZENemy]

There are thousands, if not millions of us refusing to pay the fine, please be one of those folks.

http://nwtrcc.org/AudioInterviews/

http://www.peacetaxfund.org/

[angelatc]

There are thousands, if not millions of us refusing to pay the fine, please be one of those folks.

http://nwtrcc.org/AudioInterviews/

http://www.peacetaxfund.org/


They want this to fail, so it will usher in socialized medicine. We lost this battle.

My prediction: it will eventually come out that the insurance companies are ripping the government off by keeping some or all or the advance tax credit payments they receive for cancelled policies.

[ZENemy]

They want this to fail, so it will usher in socialized medicine. We lost this battle.

My prediction: it will eventually come out that the insurance companies are ripping the government off by keeping some or all or the advance tax credit payments they receive for cancelled policies.

If we lost this one, there is no reason fighting any other bills, fascist laws or the police state as they will yield the same results. We are going to KEEP losing until people stop complying, period.

[jbauer]

When he was talking about debt he meant something He intended to payoff....


I find this hard to believe, the president said it wouldn't add one cent to the debt.

[jbauer]

The only way to do that is to make sure you owe the irs at filling time. Most folks get a refund so it'll just be deducted.

Fyi if you want no tax withheld claim significantly more on your w2



There are thousands, if not millions of us refusing to pay the fine, please be one of those folks.

http://nwtrcc.org/AudioInterviews/

http://www.peacetaxfund.org/

[Acala]

They want this to fail, so it will usher in socialized medicine. We lost this battle.

My prediction: it will eventually come out that the insurance companies are ripping the government off by keeping some or all or the advance tax credit payments they receive for cancelled policies.

They may cut the insurance carriers out of the picture by installing a government-run "insurance" system, but they are not going to implement any cost controls because the whole thing is run by the health care industry and they are too powerful to be shut out of their ill-gotten profits. So assuming the country survives the insolvency of the existing program, there will be no way to replace it with a solvent system. Obamaromneycare was a temporary rescue of the crony-capitalist system but it is too late, too corrupt, and too expensive to extend it much longer no matter what they do.

[2young2vote]

That is 50,000 per person until 2025, or 10 years from now. That is $5,000 per person, per year, or $416 per month. That better be some pretty amazing health insurance because at my age $416 per month would get me a top quality plan.

[ZENemy]

The only way to do that is to make sure you owe the irs at filling time. Most folks get a refund so it'll just be deducted.

Fyi if you want no tax withheld claim significantly more on your w2

Thousands, if not millions are already doing exactly as you stated.

[angelatc]

If we lost this one, there is no reason fighting any other bills, fascist laws or the police state as they will yield the same results. We are going to KEEP losing until people stop complying, period.

Like I said, we lost this battle. We pretty much lose them all.

[ZENemy]

Like I said, we lost this battle. We pretty much lose them all.

We lose because we fight their game, in their arena.

Nothing scares them like non compliance.

[angelatc]

The only way to do that is to make sure you owe the irs at filling time. Most folks get a refund so it'll just be deducted.

Fyi if you want no tax withheld claim significantly more on your w2


This year there is no method for the government to check unless you went through a Marketplace. The form will ask, "Did you have health insurance for you and everyone in your tax family for the entire year?" and you should say yes.

Next year, that all changes. The form that the Marketplace policy issuers are required to send out this year will be required for employers and MedicAid too.

I am doing taxes this year and it's a clusterf*ck waiting to happen. Honestly, it is so convoluted that I can't even begin to explain it. Suffice to say they're putting far more effort into catching people who do not have insurance than people who cheat on their taxes. And I'm curious to see if their system will end up causing huge delays in refunds. There's a big untested software system out there, just waiting to fail.

[angelatc]

We lose because we fight their game, in their arena.

Nothing scares them like non compliance.

Ask Irwin Schiff how that worked out though. They will pick one or two people to make examples out of, and everybody else will fall in line.

[ZENemy]

The federal government and the IRS have become morally illegitimate. We have no obligation to cooperate with them.

[ZENemy]

Ask Irwin Schiff how that worked out though. They will pick one or two people to make examples out of, and everybody else will fall in line.

FEAR FEAR FEAR !!

He made legal arguments, that is not non compliance, its again, fighting in their arena.

Yes, they will pick on 1 or 2 people, but not 5,000 or even 100 standing at the same time. There are enough people on this forum alone to start a movement that will see REAL change.

[angelatc]

FEAR FEAR FEAR !!

He made legal arguments, that is not non compliance, its again, fighting in their arena.

I love the fact that you're idealistic, but most people have things to lose. That's why radicalism is a young person's game. Most taxpayers are busy trying to raise kids and work 40 hours. The prospect of losing their home and/or their nest egg is not appealing to them.

Young people want socialized medicine. We are not going to win this battle.

[ZENemy]

I love the fact that you're idealistic, but most people have things to lose. That's why radicalism is a young person's game. Most taxpayers are busy trying to raise kids and work 40 hours. The prospect of losing their home and/or their nest egg is not appealing to them.

Young people want socialized medicine. We are not going to win this battle.

http://nwtrcc.org/AudioInterviews/

Its less idealism and more factual actually.

You should listen to those, there are thousands of folks resisting, and that's only the more mainstreamy source, there are many others. These people are resisting because of moral decisions, the government is spying on us, killing in our name and I refuse to face my creator and say I watched it happen much less paid for it.

[ZENemy]

I love the fact that you're idealistic, but most people have things to lose. That's why radicalism is a young person's game. Most taxpayers are busy trying to raise kids and work 40 hours. The prospect of losing their home and/or their nest egg is not appealing to them.

Young people want Jews in camps, We are not going to win this battle.

Slippery slope.

[Peace Piper]

Any day now the Republicans are going to try to repeal this horrible law called "Obamacare" - even though the core of it comes from the Heritage Foundation. (http://en.wikipedia.org/wiki/The_Heritage_Foundation#Policy_influence)

Maybe that's what Boehner and Obama talk about on the golf course

http://i.usatoday.net/communitymanager/_photos/the-oval/2011/06/18/obama-boehnerx-large.jpg

President Obama calls Boehner and Biden his 'favorite golf partners' (http://thehill.com/blogs/blog-briefing-room/news/210462-obama-boehner-biden-my-favorite-golf-partners)

Shouldn't it be harder to dupe the American People?


The health insurance mandate in the 2010 Patient Protection and Affordable Care Act, also known as Obamacare, is an idea hatched in 1989 by Stuart M. Butler at Heritage in a publication titled "Assuring Affordable Health Care for All Americans".[23] This was also the model for Mitt Romney's health care plan in Massachusetts

[Ronin Truth]

I wonder if it's still true that on average 2/3 of total lifetime medical expenses are incurred during the last six months of life? If so, I'll SWAG that euthanasia by government is coming just around the bend.

[Zippyjuan]

That is funny because I certainly do not cost $50,000 a year for my health. If the 50k cost per person is the result of an average, then that makes more sense. What else would make sense is for me to cost 50k per year in Administration alone, despite not having had even a single visit to any doctor for any reason.

Absolutely Unsustainable.

Their numbers are totals over a ten year period- totals through 2025. That would knock off a decimal point for the annual costs or $5000 a year.

[Dr.3D]

I find this hard to believe, the president said it wouldn't add one cent to the debt.
When a politician says that, he means it's going to add more than one cent. In this case it will add 5,000,000 cents per person. That's not one cent is it?

[MRK]

Their numbers are totals over a ten year period- totals through 2025. That would knock off a decimal point for the annual costs or $5000 a year.

Well if it's just $5,000.00 per year, I don't see what the big deal is. Thanks for pointing that out Zip.

[DamianTV]

Well if it's just $5,000.00 per year, I don't see what the big deal is. Thanks for pointing that out Zip.

Yeah, we should totally go along with it now since it is just FIVE THOUSAND per year that I could have spent on something that isnt lining the coffers of the fuckers that profit from compulsory purchase.

Broken Window Fallacy is now Broken BONE Fallacy, even if your Bones and Windows are not broken.

Compulsory Purchase is the Antithesis of a truly Free Market.

[buck000]

Where are folks getting the number of taxpayers for the denominator of this 50k/taxpayer number? I don't see it in the report, although I admittedly just skimmed through the 15 pages.

I'm no fan of the ACA, but other things to note about this report:

* The estimate represents reductions in cost estimates compared to previous analyses. Look for the FedGov to crow about that.
* The increase of folks on Medicaid is bothersome. Look for the FedGov to let that slide, or blame the states for not stepping up.
* The number of people still uninsured seems to be pretty large, still, what, 10+% of the population?

I agree with the idea that through ineptness or cunning :), the march is toward single-payer....

[nobody's_hero]

I doubt the next step is going to be socialized medicine. True government-run healthcare means that any blame for failure rests solely on those in power in government.

We may have socialists running our government, but they are not courageous enough to risk their own political careers on their stupid ideas. That's why they will strain and strain to keep 'private' companies in the mix, so if it fails, they can always say 'oh it's those evil insurance companies, the free market doesn't work'. Even though, we know, that government mandating you to buy private insurance doesn't qualify as 'free market.'

Just for example, take the recent discontent in Detroit. Democrats there have been playing the whole 'free market is evil, republicans are evil, blah blah blah' record over and over again. The problem now? Well, most companies have moved out of Detroit, and there are practically no, if any, republicans holding office. Blaming other people doesn't work as well anymore for the Democrats in places like Detroit, or Chicago, because there are no other people to blame.

Government-run healthcare would be a PR disaster for these people. They don't want to be the only one holding a bloody axe at the scene of a murder.

The question is, 'how much more regulation can government enact before people start to realize that we have, de facto, government control of healthcare?'

[Acala]

I wonder if it's still true that on average 2/3 of total lifetime medical expenses are incurred during the last six months of life? If so, I'll SWAG that euthanasia by government is coming just around the bend.

Why would you think government wants to reduce medical expenses? Crony-capitalism is all about INCREASING the price of goods supplied by the insiders. The whole point of Obamaromneycare was to force more money into the system so that the crony-capitalist health care racket could continue to inflate prices for a bit longer. Government WANTS health care costs to go up because that is what the health care industry wants. And, just like our over-the-top foreign policy, they will keep dancing that dance until there is no way to pay for it.

[Ronin Truth]

Why would you think government wants to reduce medical expenses? Crony-capitalism is all about INCREASING the price of goods supplied by the insiders. The whole point of Obamaromneycare was to force more money into the system so that the crony-capitalist health care racket could continue to inflate prices for a bit longer. Government WANTS health care costs to go up because that is what the health care industry wants. And, just like our over-the-top foreign policy, they will keep dancing that dance until there is no way to pay for it.

I was just going with the idea of increase income, decrease outgo, and thereby maximize crony profits. ;) A cyanide capsule is much cheaper than 20 years of dementia care. Plus it frees up another bed, for someone else.

[Zippyjuan]

Well if it's just $5,000.00 per year, I don't see what the big deal is. Thanks for pointing that out Zip.

I don't say if it is good or not- just correcting the figures.

[Acala]

I was just going with the idea of increase income, decrease outgo, and thereby maximize crony profits. ;) A cyanide capsule is much cheaper than 20 years of dementia care. Plus it frees up another bed, for someone else.

If it costs a million dollars to keep a demented 90 year old alive for a year, it is the crony-capitalists that get paid that million dollars! They are selling the care to an increasingly captive consumer for ever-increasing prices. The more it costs, the more they profit. As long as the government can squeeze the money out of the people (or borrow it) to pay for it all the incentives are to INCREASE costs because that rewards the health care industry. INCREASING health care costs has been the whole point of government intervention in health care from the start. Obamaromneycare is just a gimmick to pay for it a little longer.