Sunday, July 12, 2020
Hawai'i Free Press

Current Articles | Archives

Friday, June 06, 2014
Surprise! The Government Now Can’t Even Guess How Much Obamacare Ultimately Will Cost
By Heritage Foundation @ 4:05 PM :: 2274 Views :: Health Care

Surprise! The Government Now Can’t Even Guess How Much Obamacare Ultimately Will Cost

by Genevieve Wood, Heritage Foundation, Daily Signal,  June 6, 2014

It’s no secret Obamacare is unaffordable. But now we also know that even the Congressional Budget Office can’t predict how much more this disastrous law will cost.

According to a footnote from a Congressional Budget Office report released in April but reported this week by Roll Call, the law’s true costs and long-term fiscal impact are simply impossible to track.

That’s a change in tune for the CBO, which originally reported in 2010 that Obamacare would pay for itself and over the course of a decade would decrease the deficit.

So what’s changed?

Well, thanks to the constant modifications to the law, the only thing predictable about Obamacare’s provisions is that they’re unpredictable.

Many of the “savings” and “revenue” (read: mandates and tax increases) originally proposed to pay for this redesign of one-sixth of the U.S. economy, whether Medicare cuts or employer mandates, have been waived, stalled or simply not implemented, making a defensible revised forecast impossible. The changes occurred because it became clear such measures were both politically unpopular and realistically unaffordable.

There are other reasons that it’s virtually impossible to even guess how much Obamacare will ultimately cost.

We learned this week that more than 2 million people—a whopping quarter of those enrolled in Obamacare—who  signed up for insurance via Obamacare’s health care exchanges have discrepancies in their records and paperwork.

Apparently the government has inaccurate or inadequate information regarding the income levels of more than 1 million people who signed up and can’t verify the immigration or citizenship status for more than 900,000. That means some current enrollees may not be eligible for Obamacare subsidies and may lose their coverage or may have been given too generous a subsidy and eventually will have to pay the government back.

Serco, Inc., a government contractor hired to track down and verify the missing information, released a statement saying, “Current system access and functionality … limits the ability to resolve outstanding inconsistencies.”

That means the government’s website again was not up to par and much of the work to resolve the data discrepancies will require hands-on work to figure out who among these 2 million people should be getting insurance and subsidies through the exchange and who should not. In other words, there will need to be a significant number of extra staffers brought onto fix this mess.

Guess the Obama administration finally is delivering on those “job creation” promises—too bad it’s at the taxpayers’ expense.

Not all the bad news regarding the spending train wreck that is Obamacare emanates from Washington. Many of the states that chose to set up their own exchanges spent hundreds of millions of federal dollars to do so—and yet ended up with exchanges that don’t work.

As we approach the next enrollment period in November, lawmakers in those states are frantically trying to figure out whether they can get more dollars from Washington to fix their problems or if they are going to have to use their own state funds. State Rep. John Delaney, a Democrat in Maryland, worries his state will have to divert dollars from education, fixing potholes and other programs to address its broken exchange. “You can’t just print money in the states,” he said.

That’s right. But the printing presses in Washington have been overused for some time as well—and states that gladly jumped on the Obamacare bandwagon and took the bait shouldn’t be let off the hook by Congress.

So to sum up, the CBO can’t calculate Obamacare’s future costs, confusion about enrollees’ actual salaries could lead to wildly varying numbers on how much it costs this year, and there’s no telling how much money some states ultimately will weasel out of Washington to set up Obamacare.

Talk about a monstrosity of a government program.

What we do know for sure is that Obamacare will cost far more than President Obama and all those who voted for it in Congress told us it would. Which most of us realized all along.

---30---

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

ALEC

Alliance Defending Freedom

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust 

Build More Hawaiian Homes Working Group

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop 

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Hawaiian

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Cope

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT