The Numbers On Obamacare

Ed Morrissey at Hot Air posted an article yesterday about the coming cost of Obamacare.  The article reports:

“In passing ObamaCare, Democrats argued that it would provide a net relief to the budget deficit in its balance of new taxes and fees, drastic cuts to Medicare Advantage, and the subsidies it would provide to Americans making $88,000 a year or less.  A new study commissioned by Families USA, a group that supports ObamaCare, shows that the Democrats and the CBO badly miscalculated the level of subsidies provided.  In the first year (2014), 28 million Americans would have eligibility for more than $110 billion, outstripping the Congressional/CBO estimate by almost 600%.”

Just the fact that someone making $88,000 a year would receive a subsidy is mind blowing to me!   The article goes on to explain that the $88,000 income limit applies to a family of four.  This is a glaring illustration of the universal truth that ‘one size never fits all.’  There are some states in America where a family of four making $88,000 is living very well.  There are other states in America where that income for four people would barely put food on the table.  Healthcare (and most other things) need to be left up to the states.  The federal government cannot pass programs that accurately meet the needs of every person in every state.

Mr. Morrissey concludes:

“The deficit projection given by Democrats was apparently based on 75% failure rates to get people into the system; their advocates are busy touting the massive amounts of subsidies in the program that will tip ObamaCare into a deficit exploder in Year 2.  Either way this goes, it’s a massive failure.”