The Affordable Care Act is anything but affordable and most of us are well aware of the fact. Most Americans are being forced to pay more for less coverage under the Affordable Care Act than they were before it went into effect. Under the employer mandate, employers are being forced to pay more for the healthcare benefits that they are now required to offer their employees, causing many of them to reduce workers’ hours by over 25%. The net result of all of this is that millions more Americans will be left uninsured this year than when Obamacare went it effect.
Now we are learning that a Congressional Business Office report says that the Affordable Care Act will cost the federal government $50,000 for every American who obtains healthcare insurance under Obamacare. We haven’t heard about this shocking figure because it was buried somewhere in the midst of the report and no one in the government really wanted us to know.
Members of both houses of Congress make up the Joint Committee on Taxation which assisted the CBO in preparing the report on the long term outlook on the federal budget. Hidden in their pages, they state that by the year 2025, the best case scenario predicts that there will be 24 million to 27 million fewer uninsured Americans than before Obamacare took effect. The government cost for insuring this many additional people will be around $1.35 trillion, which equates to a cost of $50,000 per insured person. As additional phases of Obamacare go into effect between 2015 through 2017, the costs will continue to increase until it reaches the figures they predict.
Also according to the CBO, Obamacare subsidies for qualifying Americans along with the costs of the Medicaid expansion and the Children’s Health Insurance Program cost the government $1.993 trillion. To help offset this huge expense, the government estimates that it will take in around $643 billion in penalties, fees and new taxes. That still leaves the taxpayers with $1.35 trillion cost.
I have to question the figures used by the CBO report that by 2025 there will be 24 million to 27 million fewer uninsured Americans than before Obamacare went into effect. Just yesterday I reported that another CBO report said that 10 million Americans will lose their employer provided healthcare coverage this year due to the Obamacare employer mandate.
That report stated that because of the mandate that lowered full time employment to 30 hours per week, many employers are cutting employee hours by over 25% to put them below the full time mark so that they don’t have to provide the costly healthcare coverage. I wonder if the CBO is so naïve as to believe that these 10 million workers who are losing over 25% of their income will actually go out and purchase individual healthcare coverage which will cost them more while making less?
No matter how you look at it, the Affordable Care Act is a complete misnomer for the American people and the federal government. It is costing everyone more money for less coverage and leaving more people uninsured than before. The whole thing is one gigantic fiasco to force a socialist program on the American people. Once we are beaten down into acceptance and compliance, more and more socialist programs will be instituted until all of us become slaves of the government. It’s ironic that the largest push for socialist slavery is being perpetrated by a black man.