The hidden costs and the unintended consequences are huge in the latest iteration of ObamaCare. This is the largest boondoggle ever thrown on the American people. If they are giving the states and opt-out (which they really aren’t), why don’t they allow an opt-out for individuals? this is an article worth reading.
The House of Representative’s version of health-care reform will cost more than the $894 bn 10-year price tag cited by the Congressional Budget Office.
That’s because the CBO and Congress do not address human responses to legislation. Tax something more, you ultimately take in less in taxes. Penalize a company, and it finds ways to dodge the penalty.
And lawmakers have put in this unintended consequence: The individual premium costs in public option to take care of the poor are actually higher than other offerings.
That’s right, the CBO says the public plan’s premiums are higher than the premiums in the public exchanges, undermining the House’s claim that it will attract 9 mn enrollees by 2019 and result in a two-thirds decrease in the number of uninsured adults in the U.S.
Use the following as a cheat sheet in coming days as the health-care reform bill wends its way through Congress. The cheat sheet provides an X-ray to this impenetrably dense bill and the CBO’s scoring. The unintended consequences from this bill will be manifold.
You’ll see the CBO is struggling mightily to score these legislative phantasms, noting its work is not done and that its estimates are “subject to substantial uncertainty.”
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