Is ObamaCare Really Affordable??

The Administration, and most of the media, have trumpeted the Affordable Care Act (ObamaCare) as providing health coverage to all Americans without increasing costs.  But, is that really true??

Time Magazine ran an article wherein the Congressional Budget Office estimated that ObamaCare will cost $1,650,000,000,000 ($1.65 Trillion) over the next 10 years. 


Read the Link from Time Magazine Online Here: 

http://swampland.time.com/2013/02/05/how-much-obamacare-costs-in-one-chart/

Sequestration--with it's forced furloughs, evaporated operating budgets, and vastly reduced defense capability is supposed to save $1.2 Trillion over the next 10 years. (Hopefully we won't have another 9-11 type attack before then).

It doesn't take a genius to realize that Obama is funding part of ObamaCare through Sequestration cuts.

Even so, there are other costs that the American public will end up paying.for this "Affordable" plan. Note these are from mainstream sources, not some radical Right-Wing website.

From FORBES:

"Americans are learning of a new fee attached to Obamacare. This fee is expected to rake in $25 billion over three years, and many corporations aren’t happy. Millions of dollars could flow from major companies into government coffers if the fee is implemented as planned."

http://www.forbes.com/sites/peterlipson/2013/03/15/obamacare-fee-will-cost-you/ 

From Investor's Business Daily:

"ObamaCare's Costly Benefit Mandates Are Only the Beginning

ObamaCare: The Obama administration released its final rule Wednesday on the "essential benefits" to be part of health plans sold under ObamaCare. Small businesses say it will cost too much. They don't know the half of it..."

Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/022113-645288-obamacare-benefit-mandates-just-the-beginning.htm#ixzz2NoXwC373
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From The Washington Examiner:

"In a new report, the Government Accountability Office estimated that if the cost-containment measures put in place by President Obama’s health care law prove unsustainable, then the law will add substantially to the nation’s long-term debt."

Those "Cost Containment Measures" include Sequestration.  Read the full article here:

http://washingtonexaminer.com/gao-report-if-cost-containment-fails-obamacare-will-be-a-budget-buster/article/2522590

A tie in to the deficit--
With approximately 100 Million taxpayers in the U.S., if we apply the deficit equally it amounts to $165,000 each.

The Obama Administration recently trumpeted $385 Million in cost cutting (including cancelling guided tours at the White House). If we applied this ratio to our $165 Thousand Dollar individual share of the deficit, we would have reduced it by a whopping...............................................

$385 Dollars!!

Some of you math whizzes can figure out how long it will take to eliminate the deficit at this rate.

So, as the old saying goes, 

"There's ain't no such thing as a free lunch".

Smitty