The same people who refuse to repair that crumbling bridge your kid’s school bus crosses everyday because they say they just don’t have enough revenue coming in yet, wants to run your health care. Many of us pointed out the flawed funding formulas and unsustainability of unicorn farts and happy thoughts fueling the drive before and after the law was rushed through Congress without anyone even reading the bill, but we were scoffed at and told we were just mean bad people.
Well, it looks like the mean bad people were the ones lying to implement the hoax that is now Obamacare.
The large subsidies for health insurance that helped fuel the successful drive to sign up some 8 million Americans for coverage under the Affordable Care Act may push the cost of the law considerably above current projections, a new federal report indicates.
Nearly 9 in 10 Americans who bought health coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.
90% of the signups had to be bribed into doing so. Where does that bribe money come from people?
Premiums that normally would have cost $346 a month on average instead cost consumers just $82, with the federal government picking up the balance of the bill.
8 million Obamacare enrollees X $264 subsidized monthly premium (aka bribe) = $2,112,000,000 A MONTH
Oh the math gets far worse….
That total does not count the additional cost of providing coverage to millions of additional consumers who bought coverage in states that ran their own marketplaces, including California, Connecticut, Maryland and New York. About a third of the 8 million people who signed up for coverage this year used a state-run marketplace.
The fact is no one really knows.
The Congressional Budget Office estimated in April that the annual cost of subsidies will rise to $23 billion next year and $95 billion in 2024, although the budget office continued to project that all the law’s costs will be offset by additional revenue it raises and by cuts in other federal healthcare spending.
But hey, don’t worry, we’ll make up for it in other areas….
Which gets me back to that crumbling bridge they say they don’t have the money to fix.
Folks, someday, you will be that bridge that they can’t afford to fix if you allow Government to take over your health care system.