ObamaCare to Cost $50,000 Per Insured American

27 Jan, 2015 by McGuire

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No surprises to be found here. Obama’s precious “Affordable” Healthcare Act is anything but. Don’t worry though, it’s ONLY 50k per person. You have that in the bank, right? How long do you think until this implodes on itself?

It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization’s new ten-year budget outlook.

The best-case scenario described by the CBO would result in ‘between 24 million and 27 million’ fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children’s Health Insurance Program) costs.

Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.

That revenue includes quickly escalating penalties – or ‘taxes,’ as the U.S. Supreme Court described them – on people who resist Washington’s command to buy medical insurance.

Thanks, Obama. Just keep spending and spending on the American taxpayer’s dime for your pet projects- after all, we can always just print more money, right?

Written by Katie McGuire. Follow Katie on Twitter @GOPKatie