Obama Wrong On Obamacare

Today, March 14, 2012, the Congressional Budget Office released its analysis of the cost for Obamacare. When the law passed, Obama announced it would cost $900 billion over 10 years. Not even close! The Congressional Budget Office reported that a fully implemented program will cost taxpayers $2.6 trillion. $1.7 trillion more than what was announced by Obama! As a result, taxes will significantly increase for all taxpayers to cover the additional $1.7 trillion dollars.

The CBO also reported that 2 million people will not be covered by Obamacare and 4 million more will probably lose their present insurance coverage. These are low estimates at best. More people could lose their company insurance coverage because of cost to the company. It would be cheaper for a company to have people enrolled in Obamacare. Are you one of those people?

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About camden41

Retired public school administrator Retired history professor: Taught Western Civilization, American Civil War, United States History, Economic History, Ancient & Medieval Foundations, American History Since 1945
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