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CBO: Obamacare to Cost $1.76 Trillion over 10 Years

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byPhilip Klein Senior Editorial WriterOriginal Link: http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-obamacare-cost-176-trillion-over-10-yrs/425831

President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "[url=http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-to-a-Joint-Session-of-Congres


Added: Mar-14-2012 Occurred On: Mar-14-2012
By: copperdog3
In:
Politics
Tags: Obama, Obamacare, cost, CBO, travesty, trillion, told-you-so
Location: United States (load item map)
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