20 Million Extra People Will Lose Their Private Health Care Under ObamaCare

Discussion in 'News / Current Events' started by Bro. Curtis, Mar 15, 2012.

  1. Bro. Curtis

    Bro. Curtis
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    Oct 25, 2001
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    And This Is Going to Cost Double What We Said It Would

    As many as 20 million Americans could lose their employer-provided coverage because of President Obama's healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.

    The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019.
    The best estimate, subject to a "tremendous amount of uncertainty," is that about 3 million to 5 million fewer people will obtain coverage through their employer each year from 2019 through 2022....


    Added to...

    The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive -- twice as much as the original $900 billion price tag.

    In a largely overlooked segment of the CBO's update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.
    That only counts the cost of coverage, not implementation costs and other changes."The bill spends more than the president promised, it covers fewer people -- probably 2 million fewer people -- and it taxes more than was expected," said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee....


    Breitbart add this nugget....

    We all know network nightly newscasts are bad, but just how bad are they?

    The Congressional Budget Office released new cost estimates for Obamacare and, surprise, surprise, they’re about double what they said they would be when Democrats arm-twisted, bribed and lied the bill into law. Ten-year estimates increased from $940 billion to $1.76 trillion, not exactly chump change.
    You’d think that would be “news,” right? I forced myself to watch all three to see and … nope.
    The near doubling of cost of Obamacare didn’t get a single mention on any of the three network nightly newscasts. Not a peep.
    So what did the “Big Three” cover? Below is a breakdown of each of the shows by topic in the order they were covered....

  2. Oldtimer

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    Dec 6, 2011
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    Brother Curtis,

    IMHO, it's just a matter of time before all private health care insurance will disappear for everyone, except the group on Capital Hill who voted to exclude themselves from ObamaCare provisions. There'll probably be a few private insurance firms left standing to care of those few and those who can afford the premiums. Those who could pay for 100% of the health care needs, anyway. What's a $500 med bill to those who can and will spend several thousand for a dinner for a few friends?

    IMHO, based on the history of the origins of employer provided insurance coverage, the solution should have been to phase out "employer provided" and return to insurance handled much as auto insurance is sold today. Untie the hands of health insurance companies so that they HAVE to compete with each other. Get the federal government out of healthcare insurance, period. It should be handled at the state level, with applicable needed reforms at that level, as well. (It's a complex subject. I don't mean to imply that it would be simple to do this conversion.)

    IMHO, that won't happen. We're too far down the road towards the British/Canadian models to reverse it. Especially, if Romney is the GOP candidate this fall.

    Just my 2 cents.

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