Media Matters and their muppets come to the defense of the White House and Obamacare. They change gross cost to net cost, change all the cost and revenue assumptions and DROP MILLIONS OF PEOPLE FROM COVERAGE from the previous years estimate. Those dropped go back on Government programs like Medicare, increasing those costs. The left wing propaganda machine reports this as saving billions more. Estimated cost 900 billion. Current "rosey" CBO guess 1.1 trillion. Just look at the savings.
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| MMFA MATH, GROSS COMPARED TO NET |
CBO: Obamacare Twice As Expensive As Projected CBO: Obamacare Twice As Expensive As Projected as reported at Breitbart.
GROSS VERSUS NET COST
"By reducing the
estimated net 2012-2021 costs to $1.083 trillion from $1.131 trillion a
year ago, the CBO report could help Democrats blunt some of the
criticism over the high costs of extending coverage to some 47 million
uninsured Americans, as they try to tout savings elsewhere in the law.
These cost
reductions are largely due to lower estimates for subsidies and tax
credits associated with the law's planned insurance exchanges for
individual coverage.
They also include
higher revenues from penalties and the tax effects of higher taxable
income, as private employers drop health insurance plans in favor of extra compensation for employees to buy insurance via the exchanges.
But the analysis
also projected that some 4 million fewer people will obtain insurance
through employers or through the insurance exchanges promoted by the
healthcare law by 2016 than estimated a year ago.
Many of those people
will need to be covered by government-run Medicaid program for the
poor, causing higher Medicaid costs to eat into savings elsewhere."
"Before the revenue and tax effects, the gross cost for that period hits a
new high: $1.762 trillion, and Republicans wasted little time in
pouncing on it and the lower coverage estimate."
DOUBLECOUNT
"During a hearing on Capitol Hill Thursday, the secretary of the Department of Health and Human Services (HHS) admitted to double-counting in the Obamacare budget.
In her first appearance before the House Energy and Commerce Health Subcommittee since the health-care law passed, Kathleen Sebelius responded to a line of questioning by Republican Rep. John Shimkus of Illinois about whether $500 billion in Medicare cuts were used to sustain the program or pay for the law.
“There is an issue here on the budget because your own actuary has said you can’t double-count,” said Shimkus. “You can’t count — they’re attacking Medicare on the CR when their bill, your law, cut $500 billion from Medicare.”
He continued: “Then you’re also using the same $500 billion to what? Say your funding health care. Your own actuary says you can’t do both. […] What’s the $500 billion in cuts for? Preserving Medicare or funding the health-care law?
Sebelius’ reply? “Both.' " HHS Secretary Sebelius admits to double-counting in Obamacare budget
"CBO estimates that the Hospital Insurance (HI) Trust Fund, which pays for care provided at hospitals and post-acute care services will have a zero balance in 2022. In 2012, the balance in this fund was $246 billion. Balances in this fund are projected to drop quickly in the coming years with a balance of CBO Reduces Estimate of Increase in Medicare Spending by $69 Billion Over 10 Years
- $221 billion at the end of 2012;
- $185 billion at the end of 2013;
- $148 billion at the end of 2014;
- $120 billion at the end of 2015;
- $93 billion at the end of 2016;
- $73 billion at the end of 2017;
- $59 billion at the end of 2018;
- $42 billion at the end of 2019;
- $25 billion at the end of 2020; and
- $6 billion at the end of 2021.
Raid a Trust Fund?
Media Matters and the usual suspects on the left continue to lie about the costs of Obamacare. Their FRAUD of an argument changes gross to net and drops millions of patients from coverage, as well as reductions in costs and increased revenues. The rest of Obamacare IS BASED ON THE MODEL OF 'THE CLASS ACT'. Where do these patient's cost go?
Another attempt by the left to pretend that the ACA (Obamacare) is good for the country and the citizens. The Democrats dont believe in real math, honest debate or budgets.
The White House and Obama are trying every trick in the book to get the unconstitutional mandate passed. Obama shifts healthcare defense
#mediamatters #obamacare #mmfa #ACA #classact #obama2012 #grossversusnet
If it costs a dollar and I pay a quarter that I have and borrow 75 cents to buy it. It still costs at least a dollar.Now about that interest on the money and the costs that EXCEED the current 1.8 trillion dollar estimate.
The White House and Obama are trying every trick in the book to get the unconstitutional mandate passed. Obama shifts healthcare defense
#mediamatters #obamacare #mmfa #ACA #classact #obama2012 #grossversusnet
If it costs a dollar and I pay a quarter that I have and borrow 75 cents to buy it. It still costs at least a dollar.Now about that interest on the money and the costs that EXCEED the current 1.8 trillion dollar estimate.
