How Much Obamacare Costs Taxpayers Over 10 Years for Each Newly Insured American Will Blow Your Mind
Don't worry Common Core students, this math is pretty straightforward.
You know all the media breakdancing about the CBO report for reducing the cost of Obamacare by $100 billion over ten years? Well, here's the flip side of that.
That same CBO report being touted by progressives says that only a net 13 million people will be newly insured over ten years.
According to analyst Scott Gottlieb of the American Enterprise Institute, who broke down the CBO report:
So net, you're left with 13 million people who end up on private coverage over the next decade as a result of ObamaCare, and this is according to the Congressional Budget Office's own estimates."
This is going to blow your mind, people. If just calculated based on what the “Affordable Care Act” is projected to cost Americans over a decade - now $1.3 trillion, that comes to a whopping $100,000 per new insurance enrollee.
This $100,000 per enrollee is not what the newly insured are paying for premiums, this is what the government is spending so the newly insured will get onto healthcare and pay their premiums.
On September 9th, 2009, this is exactly what President Obama said: “There are now more than 30 million American citizens who cannot get coverage.”
This was a key argument for adopting Obamacare. While Obama was understimating the number of U.S. residents (not citizens) without healthcare, the CBO projects that 30 million will still be without insurance by 2023.
In 2009, 87% of people with private insurance were happy with the care they were receiving, and 61% were satisfied with the costs.
So why not making insurance truly more affordable by dropping artificial barriers to competition among the states? That's kind of what that “Interstate Commerce Clause” in the Constitution is there for.
The annual increase in healthcare costs were coming down anyway before the ACA was passed, and the historical record shows that government intervention and spending only makes healthcare more expensive.