"According to an analysis published Wednesday by the CBO and JCT, this subsidy will cost taxpayers $196 billion per year by 2019 but will still leave 24 million people uninsured in America, about 8 million of whom will be illegal aliens. The estimate assumes that there would otherwise be about 55 million uninsured people in the United States."
Based on the above quote from the article below, the only achievements of the health care bill would be to take (steal) more money from the tax payers, and for the government to get their grubby fingers significantly further into our lives. This is nothing more than further consolidation of power and control. How can people not ask, "What is the government's true motivation in passing this bill?" If 16 million legal citizens (24 mil minus 8 mil illegals) will not be insured, then one can easily conclude that insuring the entire population is not their goal. In my world, saying you're doing one thing while doing something completely different is called lying. When someone lies, they do not want you to know what is really going on. And when they don't want you to know what is really going on, and they lie to you in order to manipulate your perception, they do so, because you would not have anything to do with their agenda if you truly knew what was going on. I realize all this is quite obvious, and you may be thinking that pointing out the obvious is unnecessary, but how many people do you see every day who ignore the obvious lies right under their noses? How many of them make excuses? How many of them have the illogical urge to pick a political party and stand in it's defense no matter what lies that party spews forth? And if you think the 8 million illegal aliens will not be using our hospitals and that you and I will not be paying for them to do so, you're mistaken. One only has to look at the undeserved rights illegals have already. In some cases they actually have more rights than we do (i.e., you and I have to provide social security numbers and whatever else a bank wants in order to identify who we are before opening a bank account. An illegal alien doesn't have to provide any such thing. That means you and I and our money transactions are being tracked and monitored to ensure compliance on taxation, etc., while an illegal can operate pretty much anonymously).
CBO: By 2019, Taxpayers Will Pay $196 Billion A Year for Obamacare, But 24 Million People Will Remain Uninsured
Thursday, November 19, 2009
By Terence P. Jeffrey, Editor-in-Chief
CNSNew.com
(CNSNews.com) - Under the health care bill introduced by Senate Majority Leader Harry Reid (D-Nev.) on Wednesday, by 2019 taxpayers will be paying $196 billion per year to subsidize other people’s health insurance coverage, but there still will be 24 million uninsured people in America, according to the Congressional Budget Office and the Joint Committee on Taxation.
Reid’s proposal mandates that all individuals legally resident in the United States purchase health insurance and offers subsidies to people making up to 400 percent of the poverty level ($88,200 for a family of four) to purchase insurance as long as they buy a federally regulated and approved plan sold in a federally regulated insurance exchange.
According to an analysis published Wednesday by the CBO and JCT, this subsidy will cost taxpayers $196 billion per year by 2019 but will still leave 24 million people uninsured in America, about 8 million of whom will be illegal aliens. The estimate assumes that there would otherwise be about 55 million uninsured people in the United States.
"The gross cost of the coverage expansions, consisting of exchange subsidies, the net costs of expanded eligibility for Medicaid, and tax credits for employers: Those provisions have an estimated cost of $196 billion in 2019, and that cost is growing at about 8 percent per year toward the end of the 10-year budget window. As a rough approximation, CBO assumes continued growth at about that rate during the following decade," says the joint CBO and JCT analysis.
“By 2019, CBO and JCT estimate, the number of nonelderly people who are uninsured would be reduced by about 31 million, leaving about 24 million nonelderly residents uninsured (about one-third of whom would be unauthorized immigrants),” says the CBO and JCT analysis.
Table 3 in the report indicates that when the health-insurance mandate and subsidy program becomes fully operational in 2014 there will be 35 million uninsured in the United States and this number will drop to 23 million by 2018 before rising back to 24 million in 2019. The report does not indicate how many uninsured people will remain after 2019, or whether the upward trend between 2018 and 2019 will continue.
Table 3 also shows that the cost to taxpayers of paying the insurance subsidies in the bill as well as the cost for increased eligibility for Medicaid and the Children’s Health Insurance Program (CHIP) instituted under the bill will dramatically escalate over the next decade.
In 2010, the year of the next congressional election, the gross cost of the subsidies is expected to be $0. In 2012, the year of the next presidential election, the gross cost of the subsidies in the bill is expected to be only $4 billion. But in 2014, the costs are expected to dramatically escalate to $48 billion for the year. From that point on, the costs increase every year, jumping to $147 billion by 2016 and then to $196 billion by 2019.
Correction: An earlier posting of this story inaccurately said that the cost of subsidizing health insurance under the Reid health care bill would be $194 billion by 2019. The correct figure is $196 billion.
Based on the above quote from the article below, the only achievements of the health care bill would be to take (steal) more money from the tax payers, and for the government to get their grubby fingers significantly further into our lives. This is nothing more than further consolidation of power and control. How can people not ask, "What is the government's true motivation in passing this bill?" If 16 million legal citizens (24 mil minus 8 mil illegals) will not be insured, then one can easily conclude that insuring the entire population is not their goal. In my world, saying you're doing one thing while doing something completely different is called lying. When someone lies, they do not want you to know what is really going on. And when they don't want you to know what is really going on, and they lie to you in order to manipulate your perception, they do so, because you would not have anything to do with their agenda if you truly knew what was going on. I realize all this is quite obvious, and you may be thinking that pointing out the obvious is unnecessary, but how many people do you see every day who ignore the obvious lies right under their noses? How many of them make excuses? How many of them have the illogical urge to pick a political party and stand in it's defense no matter what lies that party spews forth? And if you think the 8 million illegal aliens will not be using our hospitals and that you and I will not be paying for them to do so, you're mistaken. One only has to look at the undeserved rights illegals have already. In some cases they actually have more rights than we do (i.e., you and I have to provide social security numbers and whatever else a bank wants in order to identify who we are before opening a bank account. An illegal alien doesn't have to provide any such thing. That means you and I and our money transactions are being tracked and monitored to ensure compliance on taxation, etc., while an illegal can operate pretty much anonymously).
CBO: By 2019, Taxpayers Will Pay $196 Billion A Year for Obamacare, But 24 Million People Will Remain Uninsured
Thursday, November 19, 2009
By Terence P. Jeffrey, Editor-in-Chief
CNSNew.com
Reid’s proposal mandates that all individuals legally resident in the United States purchase health insurance and offers subsidies to people making up to 400 percent of the poverty level ($88,200 for a family of four) to purchase insurance as long as they buy a federally regulated and approved plan sold in a federally regulated insurance exchange.
According to an analysis published Wednesday by the CBO and JCT, this subsidy will cost taxpayers $196 billion per year by 2019 but will still leave 24 million people uninsured in America, about 8 million of whom will be illegal aliens. The estimate assumes that there would otherwise be about 55 million uninsured people in the United States.
"The gross cost of the coverage expansions, consisting of exchange subsidies, the net costs of expanded eligibility for Medicaid, and tax credits for employers: Those provisions have an estimated cost of $196 billion in 2019, and that cost is growing at about 8 percent per year toward the end of the 10-year budget window. As a rough approximation, CBO assumes continued growth at about that rate during the following decade," says the joint CBO and JCT analysis.
“By 2019, CBO and JCT estimate, the number of nonelderly people who are uninsured would be reduced by about 31 million, leaving about 24 million nonelderly residents uninsured (about one-third of whom would be unauthorized immigrants),” says the CBO and JCT analysis.
Table 3 in the report indicates that when the health-insurance mandate and subsidy program becomes fully operational in 2014 there will be 35 million uninsured in the United States and this number will drop to 23 million by 2018 before rising back to 24 million in 2019. The report does not indicate how many uninsured people will remain after 2019, or whether the upward trend between 2018 and 2019 will continue.
Table 3 also shows that the cost to taxpayers of paying the insurance subsidies in the bill as well as the cost for increased eligibility for Medicaid and the Children’s Health Insurance Program (CHIP) instituted under the bill will dramatically escalate over the next decade.
In 2010, the year of the next congressional election, the gross cost of the subsidies is expected to be $0. In 2012, the year of the next presidential election, the gross cost of the subsidies in the bill is expected to be only $4 billion. But in 2014, the costs are expected to dramatically escalate to $48 billion for the year. From that point on, the costs increase every year, jumping to $147 billion by 2016 and then to $196 billion by 2019.
Correction: An earlier posting of this story inaccurately said that the cost of subsidizing health insurance under the Reid health care bill would be $194 billion by 2019. The correct figure is $196 billion.
