Story at the Weekly Standard. (H/T Weasel Zippers via ECM)
Excerpt:
…In its real first 10 years (2014 to 2023), the CBO says that the bill would cost $1.8 trillion — for insurance coverage expansions alone. Other parts of the bill would cost approximately $700 billion more, bringing the bill’s full 10-year tab to approximately $2.5 trillion — according to the CBO.
In those real first 10 years (2014 to 2023), Americans would have to pay over $1 trillion in additional taxes, over $1 trillion would be siphoned out of Medicare (over $200 billion out of Medicare Advantage alone) and spent on Obamacare, and deficits would rise by over $200 billion.
…the CBO says that health care premiums would rise… Nationwide health care costs would be $234 billion higher than under current law. How’s that for “reform”?
…The CBO estimates that, from 2015-25, private insurers would receive $1.0 trillion in subsidies from the American taxpayer — the insurers’ apparent price for giving up their freedom and being controlled by the government. Congress would mandate that Americans buy the insurers’ product and would redirect massive sums of taxpayer money to make that mandate more feasible.
That’s to freak out my fiscally conservative readers.
My socially conservative readers are already horrified that taxes collected from them will soon be used to pay for abortions. Obama doesn’t want people who are irresponsible about sex to be “punished with a baby”.
WINTERY KNIGHT 