Under Obamacare, Healthcare Costs Soar & Obama’s $40 Million Vacation Tab
Remember how our liar in chief said that under his all powerful Obamacare law medical costs would go down? That apparently was the next lie of the year after his lie that we could all keep our doctors and insurance if we liked it as spending on healthcare exploded in the first Obamacare quarter and it’s now higher than ever.
The Bureau of Economic Analysis has released a new report that shows that healthcare spending grew 9.9 percent as Obamacare takes effect.
“It’s the biggest percent change in health-care spending since 1980, when health-care spending jumped 10% in the third quarter,” Business Insider reports. “Analysts said it’s primarily due to a consumption boost from the implementation of the Affordable Care Act. Adjusted for inflation, America is spending more on health care than ever before.”
Meanwhile the price of fixing the catastrophically failed Obamacare website has passed $121 million tax dollars.
“There doesn’t seem to be a light at the end of the tunnel for Obamacare website expenses,” said Rep. Darrell E. Issa (R, CA), House Oversight and Government Reform Committee Chairman.
One of the biggest problems with the Obamacare website–a problem that makes the whole thing totally useless–is that the backend still doesn’t work right. This means that as you put in your info and chose your healthcare coverage, the info that comes out of the back end and is sent to the insurance companies is not right.
But maybe Obama has brought the economy back to life to make up the difference for all this wasted money? Well, not so much.
It turns out the economic growth nearly ground to a halt in the last quarter. The economy grew by only 0.1 percent where as analysts had expected a 1.1 percent growth.
Failure all the way around.
Then again, Barack and Michelle Obama and Joey Biden sure have enjoyed themselves. So far the tab the American people have paid for Barack’s, Michelle’s, and Joey’s vacations has topped $40 million. That’s $40 million paid for by you and me, folks.
So, at least someone is having a good time in the era of Obama.
Warner Todd Huston
Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.