Democrats Stick Taxpayers With $2.5 TRILLION Socialized Medicine Bill
That’ll be the headline in 2010 unless something is done quick to stop this monstrosity, so let’s put the true cost of this “bill” out there for the American people to decide whether or not they think they can afford what the Democrats are selling.
The Democrats are irresponsibly and disingenuously claiming that the bill would cost $871 billion over 10 years. But that's not what the Congressional Budget Office (CBO0 says. Rather, the CBO says that $871 billion would be the costs from 2010 to 2019 for expansions in insurance coverage alone.
But less than 2 percent of those “10-year costs” would kick in before the fifth year of that span. 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 — that according to the CBO.”
And what do we get? First we get to pay an additional $1 trillion dollars in taxes from 2014 – 2023, and another trillion would be taken away from Medicare.
Health Care premiums will also rise on average of 21% a year over the first five years of the legislation the Senate just passed from 2014 – 2019, effectively doubling health care premiums.
The Congressional Budget Office also says that the Reid bill ‘double-counts’ savings and that once the double-counting is removed the bill actually increases the Federal Deficit some $200 billion dollars a year. How will the Government overcome this deficit?
Simple, they’ll cut Medicare and Medicaid payments to doctors, forcing rationing of health to this country’s elderly.
As our Congressmen and Senators come home for the Christmas break, it’s my fervent hope that each and every concerned taxpayer in this country storms their offices and gives them hell for passing this Obamanation of a bill in the U.S. Senate.
This is the last chance to kill this thing America.
Weekly Standard – CBO: Real 10-Year Cost of Senate Bill $2.5 Trillion