Cato Institute says the cost of Obamacare is over six trillion dollars

Story here from the Cato Institute. (H/T Health Care BS via ECM)

Excerpt:

Congressional Democrats are using several budget gimmicks to disguise the cost of their health care overhaul, claiming the House and Senate bills would cost only (!) about $1 trillion over 10 years.  Now that critics have begun to correct for those budget gimmicks, supporters of ObamaCare are firing back.

[…]When we correct for both gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of ObamaCare reaches — I’m so sorry about this — $6.25 trillion.  That’s not a precise estimate.  It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be.

Read the rest here.

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