Tuesday, January 27, 2015

Shocking CBO Report: Obamacare Costs Taxpayers $50,000 for Each U.S. Enrollee

  • Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance 
  • The stunning figure comes from Congressional Budget Office (CBO) report that revised cost estimates for the next 10 years 
  • Government will spend $1.993 Trillion over a decade and take in $643 Billion in new taxes, penalties and fees related to Obamacare 
  • The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best 
  • By CBO estimates, about 42 million non-elderly residents of the United States were uninsured in 2014. In 2025 that number is expected to be 31 million for a net reduction of only 11 million. 
  • The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance 
  • Numbers assume Obamacare insurance exchange enrollment will double between now and 2025

Sources: David Martosko, The Daily Mail, January 26, 2015, and the updated CBO Report here