When the government health care plan (affectionately known as Obamacare) was passed, the Congressional Budget Office (CBO) estimated the cost over 10 years would be about 900 billion (which was crucial in getting it passed). Now, the CBO is saying that the cost will be about 2 trillion over 10 years. How can that be? What happened?
A little accounting gimmickry is to blame. You see, they delayed implementation until 2014. So, the first four years cost nothing. So they were only showing the cost over six years rather than ten. Now that time has passed and you run the numbers over a full ten costs years… guess what? Even worse is that the CBO says the estimates for those who will remain uninsured or lose their employer benefits is much worse than originally projected. So it appears there is really nothing affordable or protective about the Affordable Care Act. Still a fan? Read on.
Switching gears, you have probably heard that the United States Supreme Court about to decide whether or not obamacare is constitutional. You can argue this on both sides and most certainly constitutional scholars will do just that before the Supreme Court (I’ll give my own argument in another article). What fascinates me more than the lofty idealistic argument is the plain simple fact that our government passed a law requiring you to purchase something or pay a fine. Really think about that and the implications of it. If this is found by the court to be lawful, what is to prevent the government from tomorrow declaring that you must drive a hybrid car or pay a fine? You must buy life insurance, or long term care insurance, or a college savings plan, etc or pay a fine.. the list is potentially never ending.
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What has always made America great is the personal freedoms we have always enjoyed without the government interfering in our lives. Our goal should be, to the extent possible, to keep government out of our lives at any cost and with Obamacare, that cost is now 2 trillion over the next ten years.