CBO: Repealing ObamaCare would cost $210 BILLION - GoFuckYourself.com

epitome · 02-18-2011, 07:06 PM

WASHINGTON, Feb 18 (Reuters) - Repealing the U.S. healthcare law enacted last year would add $210 billion to the nation's deficit over the next decade, congressional auditors said on Friday.

The Congressional Budget Office said enactment of a House of Representatives measure last month to scrap the healthcare overhaul would eliminate a number of provisions aimed at reducing federal healthcare costs as well as strip out new revenue-creating taxes and fees.

Republicans, who now control the House, campaigned on repealing the law, one of Democratic President Barack Obama's main legislative victories. Despite the vote in the House, the repeal was largely symbolic as neither the Democratic-led Senate nor Obama support it.

The CBO, along with the Joint Committee on Taxation, earlier estimated the law would save the federal government $124 billion between 2010, when the law was passed, and 2019. Its $210 billion cost increase estimate on Friday covers a slightly different period -- 2012 to 2021.

The agency, which analyzes the costs of various legislation for U.S. lawmakers, said the main difference in the two estimates was mainly because they cover different 10-year periods.

But looking at just the eight years in common between both estimates, implementing the law would save the government $132 billion, while repealing it would boost deficits by $119 billion, it said.

The CBO's analysis comes as U.S. House lawmakers passed an amendment to a spending bill on Friday that would block funds needed to implement the 2010 law, one of Obama's top domestic priorities.

Passed last March, the measure aims to help roughly 30 million Americans gain access to health insurance while enacting numerous other consumer protections.

While expanding coverage was estimated to increase the deficit, such costs were offset by provisions that curb federal spending on items such as private Medicare plans, the CBO said. Additional fees and taxes such as those imposed on health insurers and drugmakers also helped offset the law's costs, it said.

Source: Repealing US healthcare law would cost $210 bln-CBO [Reuters]

PornGreen · 02-18-2011, 07:13 PM

more like it will take 210 bln of extra taxes from govt and put it back in peoples hands where it belongs

Vendzilla · 02-18-2011, 07:27 PM

the reason it will cost more is because of the extra taxes they will lose if the law is defeated.
Do the math, 30 million extra entitlements and it saves money? Do you really think the government is capable of saving money?

Barefootsies · 02-18-2011, 07:39 PM

Quote:

Originally Posted by Vendzilla

Do the math, 30 million extra entitlements and it saves money?

You must be referring to those corporation subsidy entitlements, bail outs, tax loopholes and shelters right?

LiveDose · 02-18-2011, 07:50 PM

Wow, what a bunch of spin...

Vendzilla · 02-18-2011, 08:09 PM

Quote:

Originally Posted by Barefootsies

You must be referring to those corporation subsidy entitlements, bail outs, tax loopholes and shelters right?

2300 pages, those are in there as well? [sarcasm]

57% of Voters Favor Repeal of Health Care Law, 38% Opposed
http://www.rasmussenreports.com/publ...ealth_care_law

directfiesta · 02-18-2011, 10:24 PM

.. and as the NO party, lets also fight against the titty milk ....

The Demon · 02-18-2011, 10:30 PM

Quote:

Originally Posted by directfiesta

.. and as the NO party, lets also fight against the titty milk ....

The party of no or the delusional bitch party? THATS a tough one.

MediaGuy · 02-19-2011, 07:03 PM

Actually it would cost more - since the more uninsured, sick and unassisted people will take a major toll on the economy - as it's doing now.

Education and health are two things the government should treat like garbage pickup and mail service - universal, undisputed and (OH BOY) completely socialistic.

Anybody who's against this is simply supporting major ripoff insurance corporations above their own well being...

:D

02-18-2011, 07:06 PM	#1
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	CBO: Repealing ObamaCare would cost $210 BILLION WASHINGTON, Feb 18 (Reuters) - Repealing the U.S. healthcare law enacted last year would add $210 billion to the nation's deficit over the next decade, congressional auditors said on Friday. The Congressional Budget Office said enactment of a House of Representatives measure last month to scrap the healthcare overhaul would eliminate a number of provisions aimed at reducing federal healthcare costs as well as strip out new revenue-creating taxes and fees. Republicans, who now control the House, campaigned on repealing the law, one of Democratic President Barack Obama's main legislative victories. Despite the vote in the House, the repeal was largely symbolic as neither the Democratic-led Senate nor Obama support it. The CBO, along with the Joint Committee on Taxation, earlier estimated the law would save the federal government $124 billion between 2010, when the law was passed, and 2019. Its $210 billion cost increase estimate on Friday covers a slightly different period -- 2012 to 2021. The agency, which analyzes the costs of various legislation for U.S. lawmakers, said the main difference in the two estimates was mainly because they cover different 10-year periods. But looking at just the eight years in common between both estimates, implementing the law would save the government $132 billion, while repealing it would boost deficits by $119 billion, it said. The CBO's analysis comes as U.S. House lawmakers passed an amendment to a spending bill on Friday that would block funds needed to implement the 2010 law, one of Obama's top domestic priorities. Passed last March, the measure aims to help roughly 30 million Americans gain access to health insurance while enacting numerous other consumer protections. While expanding coverage was estimated to increase the deficit, such costs were offset by provisions that curb federal spending on items such as private Medicare plans, the CBO said. Additional fees and taxes such as those imposed on health insurers and drugmakers also helped offset the law's costs, it said. Source: Repealing US healthcare law would cost $210 bln-CBO [Reuters]

02-18-2011, 07:13 PM	#2
PornGreen Confirmed User Industry Role: Join Date: Nov 2010 Posts: 554	more like it will take 210 bln of extra taxes from govt and put it back in peoples hands where it belongs __________________ $25 Per Join

02-18-2011, 07:27 PM	#3
Vendzilla Biker Gnome Industry Role: Join Date: Mar 2004 Location: cell#324 Posts: 23,200	the reason it will cost more is because of the extra taxes they will lose if the law is defeated. Do the math, 30 million extra entitlements and it saves money? Do you really think the government is capable of saving money? __________________ Webair died? Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that

02-18-2011, 07:50 PM	#5
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Wow, what a bunch of spin... __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

02-18-2011, 10:24 PM	#7
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,587	.. and as the NO party, lets also fight against the titty milk .... __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

02-19-2011, 07:03 PM	#9
MediaGuy Confirmed User Industry Role: Join Date: Sep 2004 Location: Montrealquebecanada Posts: 5,500	Actually it would cost more - since the more uninsured, sick and unassisted people will take a major toll on the economy - as it's doing now. Education and health are two things the government should treat like garbage pickup and mail service - universal, undisputed and (OH BOY) completely socialistic. Anybody who's against this is simply supporting major ripoff insurance corporations above their own well being... :D __________________ YOU Are Industry News! Press Releases: pr[at]payoutmag.com Facebook: Payout Magazine! Facebook: MIKEB! ICQ: 248843947 Skype: Mediaguy1