Tag Archives: Impact on Federal Budget

Senate Democrats Demand More Spending for ObamaCare Train Wreck

A few weeks ago, Senator Max Baucus (D-MT), the man principally behind writing ObamaCare, called its implementation and outcome a train wreck. Now, the man principally behind pushing the law through Congress, Senator Harry Reid (D-NV), has echoed Baucus’ comments.

Reid stated, “Max said unless we implement this properly it’s going to be a train wreck and I agree with him.” Reid then said the reason the law will be a train wreck is because there has not been enough money to fund the law’s implementation. He then blamed Republicans for this.

The truth is, that ObamaCare included billions of dollars of advanced funding – including all the necessary costs to allow for the law’s implementation. If there was not enough of this funding included in the law one of two things must be true. Either Reid and the Democrats purposefully underfunded the law in effort to understate its true budget impact (i.e., dishonest budgeting) 0r they did not in which case Reid’s comments demonstrate that the law is ending up to be far more expensive than the Democrats’ originally thought. Of course, it does not help that the Reid, as Senate Majority Leader, did not bring a budget to the Senate floor for three years to hide the deficits his party and the President would be wracking up. 

Read more on this subject here.

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Oh Brother, Stabenow is At it Again

Nearly three years ago, Senator Debbie Stabenow (D-MI) and her colleagues in the Senate voted to approve ObamaCare. She recklessly voted for each of the tax cuts in ObamaCare. She even touted the benefits and savings the law would provide to Michigan families:

“Today, the Senate passed a package that will make the newly-enacted health insurance reforms even better by saving more money for families and seniors and reducing the deficit…. Most importantly, these provisions will put more money into the pockets of middle-class families during these difficult economic times.”
So the law is good for families, right?  And it reduces the deficit, right?  WRONG!!  There is one United States Senator who has pointed out several times how bad the law is for families and businesses and her name is Senator Debbie Stabenow (D-MI). Yes, Debbie Stabenow voted for the law, she touted the law, she claimed it would reduce the deficit except that then she learned that the “deficit reducing” taxes she supported in 2009 were actually job-killing taxes in 2011 and 2012.
Stabenow sought to repeal the onerous 1099 tax increase in 2011. As this summary notes, she originally voted against repealing this aspect of ObamaCare but then she voted for repeal.  And now, the political opportunist, Senator Stabenow, is at it again, she is now arguing that another ObamaCare tax (the medical device tax) is harmful to jobs. (See here).
Of course, many Senators on the Senate Finance Committee made the same arguments in 2009 that Stabenow is making today. But despite the fact that Stabenow is on that same committee that did not stop her from ignoring the truth and voting for ObamaCare.  Maybe when Nancy Pelosi famously said “we have to pass the bill so you can find out what is in it” she was talking directly to Senator Stabenow.

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Supreme Court’s Decision Will Increase Federal Deficit

American Action Forum has just run the budget numbers on the impact the Supreme Court’s decision could have on the federal government and they conclude that the Supreme Court may have just increased the federal budget deficit by $100 billion per year.

How is this? By opting out of the expansion of Medicaid, states in effect will push the cohort of Americans with income between 100% and 133% of the federal poverty level into exchanges. This means that, while the federal government could save $130 billion in Medicaid expenses, AAF estimates the government will spend $230 billion more on exchange subsidies for a net increase of $100 billion more in annual deficit spending.
To read the full commentary from American Action Forum, here.
More on the subject can be found at Forbes.com, here.

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If SCOTUS Strikes Down the Individual Mandate, there are Many Reasons to Oppose What’s Left

Grace-Marie Turner has written an excellent article at The New York Times that should serve as a reminder that even if the Supreme Court strikes down the individual mandate, there are still many reasons to oppose the remainder of ObamaCare. Ms. Turner’s top 10 reasons to still oppose ObamaCare include:

1. Employer Mandate.
2. Conscience Mandate.
3. New and Higher Taxes.
4. The Independent Payment Advisory Board.
5. State Exchanges.
6. Medicare Payment Cuts.
7. Higher Health Costs.
8. Government Control over Doctor Decisions.
9. Huge Deficits.
10. More than 150 New Boards, Agencies and Programs.

Ms. Turner explains each of these issues in more detail and you read her full article here.

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CBO “Re-Scores” ObamaCare and it Will Cost Nearly $1 Trillion More Over the Next 10 Years

The Congressional Budget Office has produced an updated estimate of the cost of ObamaCare. This “score” shows ObamaCare will cost much, much more than originally projected just 2 years ago. Here are what many are saying about the new budget analysis:

House Ways & Means Committee:
“When the Democrats’ health care bill was signed into law, the nonpartisan Congressional Budget Office (CBO) estimated that it would increase spending on Medicaid and taxpayer-funded health insurance subsidies by $938 billion between 2010 and 2019. However, as Republicans repeatedly pointed out, this actually hid the true costs of the health care law, because the Medicaid expansion and health insurance exchange subsidies are not scheduled to begin until 2014, five years into CBO’s mandated 10-year budget window.  Today, CBO released updated information which predicts the Democrats’ health care overhaul will actually cost nearly $1.8 trillion between 2012 and 2022, CBO’s new budget window. Once the Medicaid expansion and exchange subsidies are fully in place, the Democrats’ health care law is certain to top more than $2 trillion. Americans were right to be concerned that the country cannot afford the Democrats’ risky experiment – it can’t.”
Sen. Mike Enzi (WY), Ranking Member Senate HELP Committee:
“This new estimate shows that the health care law is rapidly increasing Medicaid spending, because it is forcing many more Americans into this mismanaged, government run health program. The CBO analysis is one more example of the President breaking his promise that Americans can keep their insurance if they like it. According to CBO, 4 million fewer people will have access to employer health insurance under this new law.”
Sen. Orrin Hatch (UT), Ranking Member Senate Finance Committee:
“This analysis exposes more of the real costs of the President’s unconstitutional, deeply-flawed health spending law. According to CBO, the costs to taxpayers may be an astonishing $2.13 trillion through 2022 alone. While President Obama promised that ‘If you like what you have, you can keep it,’ CBO found that as many as 20 million could lose their employer-sponsored health benefits and 49 million more Americans could become dependent on government-sponsored health care. This law keeps getting worse and worse; it needs to be repealed.”

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Video Series: The Impact of ObamaCare – Part 3

Dr. Jill Vecchio, a Colorado physician, has produced a seven-part video series about the impact of ObamaCare. The videos include the following subjects: (Part 1) who will be covered; (Parts 2 and 3) what are the costs; (Part 4) state exchanges and employers; (Part 5) doctors and patients; (Part 6) Constitutional issues; and (Part 7) ideas for real healthcare reform.

The videos are certainly worth watching and we hope you will take the time to learn more about how ObamaCare will affect you and your family:

 

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Government May Have Concealed the True Costs of ObamaCare

According to this article, the federal government may have intentionally hidden the true cost of the public. Read more here.

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