ST Alpha - "CBO has revised the cost of President Obama's national health care law -- (link)" (Reading a Post)

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CBO has revised the cost of President Obama's national health care law -- (link)

Posted by Strongbad (aka Rambler14) Mar 14 '12, 09:56

(No message)

Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised. (campaign2012.washingtonexaminer.com)

Responses:

"Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which..." - David Mar 14, 10:04 15
- It's a site that's got a puff piece hyping "Joe" "the" "Plumber". You do the math. -- nm - Reagen Mar 14, 10:08 1
  - "It is owned by Denver billionaire Philip Anschutz." - pixitude Mar 14, 10:12
- See, both sides do it! (nm) - spamlet (iPhone) Mar 14, 10:07 3
  - you, quarter in the jar, now. - tRuMaN Mar 14, 10:07 2
    - I read down to "pressident". -- nm - David Mar 14, 10:11 1
      - There's like six pivots you could make on the typo. -- nm - Reagen Mar 14, 10:12
- Based on the revised estimate doubling, it appears they were correct. -- nm - Strongbad Mar 14, 10:06 8
  - it didn't double. the revision lowers the estimate. -- nm - Don Homer Mar 14, 10:10 4
    - that, and it's not apples to apples, as they're dropping a year with no costs, and adding 2022 with full frieght costs. - TFox Mar 14, 10:12 3
      - Yes. "critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation." -- nm - Strongbad Mar 14, 10:17
      - The freight costs are pretty frieghtful. -- nm - TWuG Mar 14, 10:15
      - (freight) -- nm - TFox Mar 14, 10:12
  - Even ignoring Don Homer's point below, thank God the money is being spent on health care instead of foreign conflicts. - David Mar 14, 10:09 2
    - Seriously. This is actual "do good" money being spent. There will be tangible benefits to individuals AND society. - TWuG Mar 14, 10:18
    - [deleted]
[deleted] 2
- agreed -- nm - tRuMaN Mar 14, 10:06
- I agree. -- nm - Strongbad Mar 14, 10:00
Alternatively: estimate is 8 percent lower than it was last year. -- nm - Don Homer Mar 14, 09:58

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