The “Giddy” Is Gone… Obamacare Will Cost Twice as Much As Promised

In March 2010 leading democrats and their lackeys in the state-run media were “just giddy” to report that they crunched some numbers and found the nationalized health care bill they were pushing would reduce the deficit by $138 billion.
It was a lie. Democrats knew it was a lie
But, after several backroom deals they rammed the bill through Congress anyway.

Then in May of 2010 the CBO corrected the numbers and said Obamacare will cost taxpayers at least $115 billion more than promised. Democrats pulled a fast one on the American public.
Republican Senators point out the deceit in a 2010 video:

Americans are right to be concerned about our country’s enormous debt, especially given the Congressional Budget Office’s recent announcement that the health care bill will not in fact provide the deficit reductions the president promised. Republicans are committed to addressing Americans’ concerns with fiscally responsible policies that will create jobs, grow the economy, and reduce our nations deficit.

This week the CBO released some revised numbers and the true cost of Obamacare is twice what we were promised.
The Examiner reported:

President Obama’s national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO’s standard ten-year budget window and, at least on paper, meet Obama’s pledge that the legislation would cost “around $900 billion over 10 years.” When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law’s core provisions to expand health insurance coverage has now ballooned to $1.76 trillion.

It doesn’t matter. Democrats wanted to nationalize health care and they would do anything to achieve their goal. For democrats, the end always justified the means. They could care less how much their program really costs.

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  • 1RedBeard

    What’s this? You mean Obama and the Dems lied? Say it ain’t so, Joe!

  • saveus

    all he does is lie , lie ,lie

    and then sell out our friends and allies

  • mg4us

    Now it will cost “twice-as-much”? Really? When did CBO ever get their estimates right. .things always cost more. .much more in the end. . . and not just actual dollars but time lost waiting in lines, poorer quality to “make the numbers” and deteriorating service.

    A centralized command & control operation is very inefficient. .and what helped cause the collapse of the former Soviet Union. . .

    But with the Usurper and Thief Obama in the White House and the RATs (DemocRATs) in the Senate led by Harry Reid. . . expect it to go from bad to worse.

    That is why Nov 2012 matters. .time to take OUR Country back!!!

  • Michael

    @ mg4us – Amen – well said.

  • Militant Conservative

    to any Liberal.

    Name me one program the government does better than the privat sector.

    Just one.

  • PAT09

    So they fraudulently used the “Reconciliation Procedure” in the Senate to pass Obamacare; that could only be “applicable” if the legislation was budget (cost) neutral. So it’s just “Naa-Naa-Boo-Boo” we fooled you? Is there no recourse for fraudulently passed legislation? Looks like only the ballot box and maybe the Supreme Court if the right arguments are put forward.

    Remember, the Dem’s had to go to this Senate Procedural “Trick” after they lost their 60 vote super majority in the Senate when Scott Brown won Teddy’s old seat in Mass.

  • Skandia Recluse

    *NO ONE* knows what this health care mess is going to cost, not directly, not indirectly, not in terms of lost jobs or a destroyed insurance industry or destroyed health industry or enslaved health care workers.

    The bureaucratic regulations haven’t even been written yet. The cost of the bureaucracy alone will be astronomical.

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  • scituate_tgr

    And what’s even worse is that WE THE PEOPLE know that it’s going to actually cost twice as much as the this new CBO estimate.

    Liars and cheaters – VOTE ‘M OUT 2012!

  • democraps suck

    you knew the mooslime was lying about healthcare costs from day 1….while he was a senator he was lying…he came out of his kenyan mothers womb lying…all he is, is one lying sack of kenyan fraud

    buck fobama

  • driguana

    giddy-up November!

  • SturJen

    It’s going to cost more than they promised? Really??


  • RL

    Just hope the Supremes or next Congress terminates this program – with prejudice.

  • JoyO

    WE THE PEOPLE figured out they were lying from Day 1. Unfortunately, there are still a lot of folks still in the House of Representatives and the Senate who voted to “pass the Bill” on March 24, 2010. We must work on the ground to get as many of these people voted out of office on November 6 as possible. They must be punished for violating our Constitution and voting to have the Government take over 1/6 of our economy. We cannot let our country be taken over by Socialists whether they are in the House, the Senate, or the White House — or the Unions!

  • Pingback: CBO Says that Obamacare Will Cost $1.76 trillion over Next 10 Years … Wonder Why We the People Want it Repealed? | Scared Monkeys()

  • wanumba

    #7 March 14, 2012 at 7:13 am
    Skandia Recluse commented:

    *NO ONE* knows what this health care mess is going to cost, not directly, not indirectly, not in terms of lost jobs or a destroyed insurance industry or destroyed health industry or enslaved health care workers.

    The bureaucratic regulations haven’t even been written yet. The cost of the bureaucracy alone will be astronomical.


    Absolutely! No one has ever attempted a bureaucracy to deal with 300 million people. The Nordic countries have populations under 10 million, entire countries with populations less than only metro New York City, and THEY couldn’t do it. Admin oversight ate the money.

    The private sector is the ONLY way to deliver affordable health care to the public. That’s a mass of entrepreneurs and local services which niches themselves serving different types of clientele and local needs and circumstances.

    There is no super computer than can handle what’s required … and they will push for more and more computerization that makes the priority of the health care service the administrative portion at the expense of actual health care delivery.

    It just isn’t possible to make a functioning centralized national health care system at the magnitudes of 300 million. It will create instead a centralized tyranny though, specializing in denying people all sorts of care, of work, of help.

  • Buddy Fisher

    Obama was/is a sock puppet, remember the Pelosi/Reid train wreck that is Obamacare.

  • chris

    USA! USA! USA! Way to go America! You voted for these a-holes and this is what you get. We tried to stop this. The Tea Party warned you. The Democrats lied to you. To us. You bought it. Now we get to suck on this.

    Ask any doctor and they will tell you that healthcare in this country is about to change drastically for the worst. But hey, everybody gets coverage. The same chitty coverage.

  • Bill Mitchell

    To me, the SCARY part in all this is that people KNOW Obama is lying to them. They KNOW it. And yet, because he says the lies so well, they STILL believe it and want to vote for him.

    It is like the battered wife who believes her husband when he tells her he is sorry and has changed after the 10th time he put her in the hospital.

  • Larkin

    This isn’t just about the dems.

    Had the dems been in the minority while the GOP tried to ram through a monstrosity like o-care, they would have screamed bloody murder.

    Too few Republicans have a clue how to complete in the arena of politics.

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  • Patriot Act

    The expoding costs will only be part of the disaster. Let’s not forget the mass exodus of doctors from the system that will be likely, according to polls:

    New poll indicates 40% of physicians will retire or find other work under ObamaCare

    The human suffering and death that will result from having half as many doctors as we need to treat the public will be staggering. It will be death panels on steroids.

    One of the most infuriating aspects of this debacle is that Congress and their familes will not be subject to Obamacare. They will have their own system. If we could get this one detail of plan changed (i.e., require that absolutely everyone be given the same treatment or lack thereof), then Obamacare would be repealed in a heartbeat.

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  • The Obama-care people cooked the books intentionally.

    LBJ did the same thing with Medicare.

  • bobdog

    But…but…I thought Obamacare was Obama’s signature accomplishment during his “first term” in office…

  • Middleman

    The American system of private sector health care, as it remains even after the reforms of “Obamacare”, is one of the least cost effective in the world. More money is spent for a less efficient system than any other industrialized country. And many millions of people are left vulnerable because insurance companies would rather let them rot than ruin their bottom line.

    The invisible hand of the market at work?

    People here are so willing to believe the books were cooked by the Dems to reduce the apparent costs of the reforms. Isn’t it just as likely the books were cooked to increase the apparent costs by the other side?

    You can argue the merits of reform all day and night, but one thing that has been lost in all this is that too many Americans are without healthcare. This costs the economy many billions each year and makes America a poorer place for it.

  • Obamacare is a government run program. If (god help use; when!) it were to become the law of the land and fully implemented, its cost would (will????) be a minimum 10x what the Dems projected.

    The cost of California’s “Highspeed Rail’ has already tripled and not one section of track has shown up at the supposed site where construction is to begin (from Bakersfield to the metropolis of Corcoan … you know … one of CA’s prisons). D

    Do you think something 1,000x the size is costed correctly?