"Affordable" Obamacare costs rise by $111 billion in latest budget

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Of course, the administration will keep telling us that Obamacare saves money and provides better coverage. Orwell's art of "doublethink" is well practiced by the present crop of liberals - as it must be.

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http://www.foxnews.com/politics/201...t-estimate-for-health-insurance-aid-rises-by/

Lawmaker wants answers after cost estimate for health insurance aid rises by $111B

Published March 02, 2012
| Associated Press

WASHINGTON – Cost estimates for a key part of President Obama's health care overhaul law have ballooned by $111 billion from last year's budget, and a senior Republican lawmaker on Friday demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated ten-year cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent.

Administration officials say the explanation lies in budget technicalities and that there are no significant changes in the program.

The revised numbers, buried deep in the president's budget, stumped lawmakers and some administration officials for most of the week. At a congressional hearing Tuesday, Health and Human Services Secretary Kathleen Sebelius, who is in charge of carrying out the health care law, indicated she was unaware of the changes.

At issue are subsidies that will be provided under the health care law to help middle class people buy private coverage in new state insurance markets that will open for business in 2014.

Last year's budget estimated the cost of the aid to be $367 billion from 2014-2011. This year's budget puts it at $478 billion over the same time period.

"This staggering increase ... cannot be explained by legislative changes or new economic assumptions, and therefore must reflect substantial changes in underlying assumptions regarding the program's ... costs," Camp wrote Friday in a letter to Sebelius and Treasury Secretary Tim Geithner.

Republicans say they're concerned that either the estimated cost of the insurance has gone up, or that the administration has determined many more people will be losing employer coverage and going into the new government-subsidized markets, which will be called exchanges.

Administration officials say the big increase from last year's estimates is no cause for alarm and that the administration is not forecasting an erosion of employer coverage or higher insurance costs.

(Of course, they didn't "forecast" this increase in costs either, did they? - Ed.)
So, less than 2% of the budget, to get people health insurance.

I don't see the problem.
 
You may not be aware of the huge burden that the cost of government healthcare has placed on the backs of American taxpayers.
I am aware that this burden is due to the excessive cost of Healthcare and health insurance. And it's nothing compared to the burden of the cost of private insurance, per individual.

You may not be aware that other first world countries with universal insurance (i.e., all of them) spend less per capital and have better health outcomes across the board.
 
e9a9d7d13eeccdcd200b78b7f34a0880_400x400[1].jpeg No offense, but I am not going to watch a bunch of videos.....
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Sorry, there, Chauncey. There's nothing I could do about any-or-all "big words".
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Maybe one o' your illiterate-compadres (that typically benefit from videos) could help you out.
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View attachment 10945
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Sorry, there, Chauncey. There's nothing I could do about any-or-all "big words".
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Maybe one o' your illiterate-compadres (that typically benefit from videos) could help you out.
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But you didn't watch them. I don't watch videos that other posters didn't watch and try to figure out what point they imagine they made by posting the videos.

Just state the point, in your own words.

Simple.
 
I am aware that this burden is due to the excessive cost of Healthcare and health insurance. And it's nothing compared to the burden of the cost of private insurance, per individual.

You may not be aware that other first world countries with universal insurance (i.e., all of them) spend less per capital and have better health outcomes across the board.
I never willingly bought health insurance in my life and did not sign up for Obamacare. If I had bought the dishonestly promoted Obamacare tax plan, I would have been paying much more for care than I had been.
 
I never willingly bought health insurance in my life and did not sign up for Obamacare.
Yes, some are too poor to afford it.

And some people are fine transferring their risk to others at inflated indigent costs, instead of paying their share in the risk pool.

But your denial of reality is not a solution that will work for a modern society.
 
But you didn't watch them.
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relaxing-outside-smiley-emoticon[1].gif
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Of course, I did, rookie. I've had them bookmarked, for years! Hell, I've still got items I'd saved in the late '90s.
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You actually believe there's some kind o' value in telling others what they have, or haven't, done....when you don't even know them? That makes sense, to you??
 
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Yes, some are too poor to afford it.
Which is why the government must spend billions of tax dollars on its healthcare program that is hardly paid for by the limited number of rich policy holders.
And some people are fine transferring their risk to others at inflated indigent costs, instead of paying their share in the risk pool.
Should the government pick up the tab for millions of indigent Americans and immigrants who cannot afford to cover the health risks of unhealthy life choices like smoking, drug abuse, drunken driving, gluttony, unhealthy sexual addictions and more?
But your denial of reality is not a solution that will work for a modern society.
 
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