published Saturday, March 17th, 2012

ObamaCare price tag doubles as deceptive accounting tricks collapse

Congressional supporters of ObamaCare used deception of the most brazen sort two years ago to get the bill passed -- exclusively by Democrats -- and to hide its true cost.

Now that cost can no longer be entirely concealed by accounting tricks, and it is mind-boggling.

Here is how Democrats in Congress and President Barack Obama initially managed to make it seem as if ObamaCare would cost "only" about $940 billion over 10 years and would "reduce deficits" and health care spending: They delayed implementing many of its priciest provisions until 2014. So when the Congressional Budget Office projected the costs from 2010-2019, only six of those years included the full range of spending the law entails.

That created rosy but entirely phony estimates.

Now, the CBO has projected the 10-year cost of ObamaCare with more years of its actual spending in place -- through 2022 -- and the sky-high estimate is more or less what opponents of ObamaCare warned again and again before it became law.

ObamaCare will not cost the $940 billion that was estimated back when it became law. Rather, according to the CBO, it will cost $1.76 trillion!

And even that doesn't include quite a full 10 years of ObamaCare's costs, so the true price tag for an entire decade is likely to be around $2 trillion. That would be more than double the original claims about the law's cost.

Other projections by the CBO regarding this "reform" are equally alarming.

"[W]e were told time and again during the health care debate that the law didn't represent a government takeover of health care," writes Philip Klein of The Washington Examiner. "But by 2022, according to the CBO, 3 million fewer people will have health insurance through their employer, while 17 million Americans will be added to Medicaid and 22 million will be getting coverage through government-run exchanges."

There is no way around it: America was sold a bill of goods with ObamaCare. It imperils our economic future every day that it remains on the books.

We hope the U.S. Supreme Court will overturn it this year in response to lawsuits by a majority of the states. Barring that, we hope Obama is defeated in November and that enough of the Democrats who voted for ObamaCare are voted out of office so that Congress can repeal this awful law.

Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
joneses said...

How would this disgusting president and the dummycrats know anything about obamacare when they admittedly voted for this without knowing what was in it? Do you pathetic liberals remember Pelosi saying"we need to pass this health care bill so we can see what is in it"? What is really amazing is you pathetic liberals see nothing wrong with her statement. What is wrong you?

March 17, 2012 at 6:54 a.m.
328Kwebsite said...

We are the only first world nation left that does not take care of its sick. There is nothing wrong with putting a stop to that failure.

Accepting failure and sickness to make someone rich: that is the Republican alternative to health care payment reform, which is what we're talking about here.

Trying to insult people or falsely label this as "ObamaCare" when it was authored by Republican Governor Mitt Romney does not reflect the facts. We have little doubt that Republicans will break their arms patting themselves on the back when it comes time to claim credit for helping voters in need.

Take care of the sick and stop exploiting them for profit.

March 17, 2012 at 7:08 a.m.
dfclapp said...

More fuzzy math. Let's break it down. The original projection only included six years of costs for the Congressional Affordable Health Care Act. From the beginning, the claim was that health care costs would continue to rise, just at a slower rate and that congressional action was necessary because the growing number of uninsured made it a necessity.

None of this was new. In fact, Congress had been trying to fix health care with a similar government solution since the Nixon administration. Nixon's proposal would have given the current disloyal do-nothing Republicans heart failure and no Republican nor Democrat controlled Congress managed to do anything about it over the succeeding 40 years until 2008. Meanwhile, private health care and private insurance costs ballooned to embarrassing proportions.

Back to the fuzzy math, the original claim was:

  1. Costs would continue to rise, just more slowly
  2. the 2010 projection only covered 6 years of costs

The current results add 2 additional years to the 6 in the first estimate, AND, as projected, the new two years will be affected by higher costs. If there had not been a concerted Republican and industry lobbyist effort to dismantle and destroy the Congressional Affordable Health Care Act and foresight was perfect, the expected costs of the additional 2 years would have been about $346 billion or $1.29 trillion from 2012-22. The new CBO figure of $1.76 trillion, reflecting the battered remains of the Congressional Affordable Health Care Act after four years of attacks, is not anywhere near an additional 50% much less double the estimated costs. That is amazing compared to projections of other costs such as a new military program. It boggles the mind to think what the military increase would have been if Republicans worked as hard to scuttle its effectiveness as they have to undermine the structure of this congressional act signed into law.

If disloyal and do-nothing Republicans actually cared about the purpose of the law or uninsured Americans or the deficit or the country or the failure to enact anything to address the problem in 40 years prior, what they would do is compare the Congressional Affordable Healthcare Act to the projected rise in health care costs without Congressional intervention.

March 17, 2012 at 7:33 a.m.
dfclapp said...

Since I complained about bad math, my typo of $1.29 instead of $1.26 trillion in estimated costs requires an apology. As stated, however, $1.76 trillion is not even 50% more than $1.26 trillion much less double.

March 17, 2012 at 8:13 a.m.
Porky_Ca said...

We need the health care so it has a big price tag.

March 17, 2012 at 1:18 p.m.
Rickaroo said...

This editor and his ilk, all the other right wing regressive paranoids, are always decrying the "costs" or the "unconstitutionality" or the "socialistic evils" of the Affordable Health Care Act, but not one of you has any plan as to how to insure the many millions of Americans who cannot afford or cannot get health insurance. The only so-called plan I have heard out of any of you teabagging government haters is is "vouchers." Whoop-tee-friggin'-doo. Tell me how vouchers are going to address the cost of health insurance that goes up and up and up every year, with or without "Obamacare" in place? Keeping our health insurance in the hands of private companies while doing nothing to regulate them is like putting a band-aid on a bleeding artery. Our health care should not be treated like a commodity, bought and sold on the free market. It needs to be taken completely out of the hands of private companies whose only interest is making its CEOs richer every year.

Backward thinking Republicans and all you regressives who vote for them have no interest in solving the problem because you think it's better to let the uninsured just die than to do what it takes to really fix our sad and broken health care system. Those of you lucky enough to be able to afford or to have access to good health care often refer to our system as the best in the world. But what selfish, small-minded, unempathetic jerks you are. Tell it to someone who cannot afford it or has been denied because of pre-existing conditions how great our system is. The Affordable Health Care Act is far from perfect but it is far better than anything you regressive haters-of-all-things-fair-and-sensible have come up with.

March 17, 2012 at 1:32 p.m.
rolando said...

Obviously, each of the above posters is one of the millions of the ruling class elite and our political rulers who Barak "The Usurper" Hussain declared exempt from the provisions of ObamaCare.

Which means they don't have to pay for it...we do.

March 17, 2012 at 1:54 p.m.
Porky_Ca said...

Everybody will be paying into it Mr.Rolando so way are you so upset? The higher income people will pay into it and as the income level goes down the scale you are paying less. So if you don't fit that income bracket don't sweat just get your health care like anybody else and chill out.

Mr. Rolando we need the care and some of the higher income people who have plenty of disposable income to throw around can foot some of the bill.

The problem will not get better but we need to do something about it.The GOP has some lame people running this time around and he is looking more conservative then even they do so what why is that so?

He's doing there agenda more and less Mr.Rolando and they are both holding each other hand as they walk to the bank to collect there pay check every month.

March 17, 2012 at 2:17 p.m.
Porky_Ca said...

Ok Mr Rolando here is a question for you.

What will RomneyCare do for us that's better then what ObamaCare is offering?

March 17, 2012 at 2:26 p.m.

Why so many exemptions if it's such a great thing? Why have donors and companies friendly to Obama and the Dems been given the ok to not get under it? One thing for the elitists and another for everyone else. Michelle and Barack can down all the hotdogs, hamburgers, fries, icecream, lobster lasagna,sugar, salt and chocolate fountains they want, but the rest of us have to eat carrots and brocolli. Heck, we can't even be trusted to feed our kids.

March 17, 2012 at 4:53 p.m.
rick1 said...

Let's take a look at some of the details of OvomitCare that are now coming out. A new report by the CBO states that by 2016, Obamacare will result in 4 million people fewer people getting health insurance coverage from their employers. And I thought Obama said we would be able to keep our current health care and doctor?

The CBO also reported OvomitCare aw will cost $1.76 trillion over a decade,rather than the $940 billion forecast when it was signed into law.

Just more lies from Ovomit. If you really believe that Obama and the demcocrats care about you by passing this POS of a bill, then you better wake up. They only care about controlling your life and making your health decisions.

Also I am not in favor of RomneyCare either. I do not believe the State nor the Federal Govt has the right to force you to buy a product and I do not want them controlling my healthcare.

The liberal say a woman has a right to an abortion and the government has no right to interfere in her decision, but you want to force government health care on all of us.

March 17, 2012 at 6:28 p.m.
Rickaroo said...

"I do not believe the State nor the Federal Govt has the right to force you to buy a product and I do not want them controlling my healthcare." - rick1

If the public option had been made available there would never have been an issue about "forcing" anyone to buy health insurance. Personally I think the mandate is a terrible idea myself. But in order to leave health insurance in the hands of private, for-profit companies and to appease the righties who insist that the free market be the ONLY way to administer health care, Obama had to pitch the notion of mandated purchasing, just as Romney did in his "RomneyCare." That way it would presumably keep the premiums more affordable for everyone. But the insurance companies, being driven first and foremost by profit and not concern over the general health and well-being of the nation's citizenry, will no doubt continue to find ways to keep padding its profits by sticking it to the consumers.

While you fortunate folks who are insulated in your bubbles of good comprehensive health coverage think that health care in America is just fine as it is, many people are dying and suffering from a lack of it. I really cannot fathom how anyone can be so smug and so callous as to think that health care is something that only the wealthy or the privileged should have access to. That mindset would have fit in well in the Middle Ages but it should have fallen by the wayside a long time ago, along with the heads of Louis XV1 and Marie Antoinette.

March 17, 2012 at 10:01 p.m.
fairmon said...

A woman that can;t afford the $10-15 a month for the pill should consider abstaining or requiring the male they are giving it to to pay for the preferred prevention method. Or, we should have a welfare system that provides all methods of prevention free (tax money used to pay) including voluntary sterilization for males and females. Sterilization should be required for the men that are unable or refuse to pay child support.

What will eventually result from the federal government being involved in health care? The government will assume full control. They will decide what Dr's. will be paid and where they will work resulting in a shortage of Dr.'s and reduced qualification criteria. The government will assume control of all hospitals. The waiting list for critical surgery and treatment will be long and delays with bureaucratic red tape out the yahoo. If you don't believe it just hang around until about 1920. Employers and self employed will match an uncapped income medical tax. Congress and a favored few will not participate. Treatment of some illnesses will not be provided for those over a certain age.

Those that use drugs, alcohol, tobacco, obese and engage in a variety of risky behaviors holler the loudest when they are ill and insist others pay for their care, they think I owe it to them.

March 17, 2012 at 10:27 p.m.
please login to post a comment

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.