Stunning Finding: President's Health Law Creates $17 Trillion In Unfunded Financial Obligations
http://www.youtube.com/watch?feature=player_embedded&v=ZoFsaVkL6HM
Currently, the Social Security system is $7 trillion in debt over the next 75 years, according to the Government Accountability Office.
Also, Medicare will eat up $38 trillion in future taxes, and Medicaid will consume another $2o trillion of the taxpayer’s wealth, according to estimates prepared by the actuarial office at the Centers for Medicare and Medicaid Services.
The short-term cost of the Obamacare law is $2.6 trillion, almost triple the $900 billion cost promised by Obama and his Democratic allies, said Sessions.
The extra $17 trillion gap was discovered by applying standard federal estimates and models to the law’s spending obligations, Sessions said.
For example, Session’s examination of the health care law’s “premium support” program shows a funding gap $12 billion wider that predicted.
The same review also showed the law added another $5 trillion in unfunded obligations for the Medicaid program.
http://www.zerohedge.com/news/massive-17-trillion-hole-found-obamacare
Find it amazing that there is nothing from the Democrats regarding the cost of the ACA? Nothing from the Prez who promised lower costs, if you like your doctor you can keep him. If you like your insurance you can keep it.
ReplyDelete1. Higher costs as per family costs have raised $2200 since the ACA took effect. I want my $4,700.00
2. My Doctor is quitting business as he wants no part of further regulations. 2 full time office staff for support and billing and he works 4 days a week.
3. Changed healthcare providers last year as the employer coverage could no longer afford Aetna.
Maybe they are waiting for it to just go away so they can blame the Republicans.
ObamaCare will never materialize at least in the way they say it should. I truly believe that the fact the American public was forced to pay for it a year before receiving in was a way to create a slosh fund. It also would help drain our resources and force many companies out of the market. This pit was designed to destroy this country so to usher in a new governing body.
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