Here’s what the CBO Director said earlier this year:
According to our preliminary assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010-2019 period. When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million.
So, a net increase of 17 million newly insured people. Let’s run with the lie that the entire package will cost $900B over ten years. This equates to a taxpayer cost of $52,941 per newly insured American. If we use a more realistic $1.5T estimate the per person cost jumps to $88,235. Of course, we all know that the government always comes in at or under budget for massive projects, right?
as it said,”preliminary assessment” as you said “earler this year.” now lets see what you say about the latest CBO report and the bill the is going to debate. we already have this old info. also where did you get this $1.5T number?
Well, there are several other assessments that make the scenario even scarier. The recent CBO $900B estimate only included six of ten years; if the assessment included all ten years the cost would be $2.5 Trillion. And even worse, a brand new CATO institute report does a good job of displaying the many smoke and mirrors manipulations that our politicians have used to lie to America. The new cost? $6 Trillion.
http://www.cato-at-liberty.org/2009/11/27/obamacares-cost-could-top-6-trillion/