Monday, October 25, 2010

Obamacare to Cost 578% More than Expected, Liberal Group Annouces

The liberal health care reform advocacy group, Families USA, commissioned a study of how many Americans will be eligible for subsidies under Obamacare. The study found 28.6 million Americans will be eligible in 2014. The CBO had estimated the number to be only 7 million. The cost difference is $91 billion a year. If this is accurate, Obamacare will cause the deficit to rise as early as 2015.

Verum Serum reported:
A new study by the Lewin Group estimates that 28.6 million Americans will be eligible for a federal subsidy to purchase health insurance beginning in 2014 at a projected cost to tax payers in excess of $110 billion. This estimate is dramatically higher (578%) than the cost of these subsidies forecast by the Congressional Budget Office (CBO) prior to the bill’s enactment into law.

Instead of hanging their head in shame for helping sell the American taxpayers a lie, Families USA bragged about it in a press release.
Beginning in 2014, almost 29 million middle-income Americans will be eligible for new tax credits to help them afford private health insurance premiums. The historic tax cut in the health reform law, which is estimated to reduce family income taxes by more than $110 billion in 2014 alone, will be provided through tax credits to offset a significant portion of private insurance premium costs.

h/t Bluegrass Pundit

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