Costs will soar

Here is the truth about the cost of the health care bill. Obama and his health secretary keep telling everyone how desperate people are to get insurance and how it has to be done right now, yet the bill doesn't take effect for 4 years. Of course, in that 4 years they will be building huge bureaucracies with lots and lots of taxpayer funded good-paying jobs which will entitle them to tell us if we can or can't have some health care procedure.

In fact, the Congressional Budget Office (CBO) says they will cost about $200 billion per year by 2019. And so, to get the media to now say his plan costs only “$1 trillion” (what’s $100 billion among friends!), the administration delays the coverage expansion provisions until 2014. Never mind that the president also says the uninsured can’t wait a day longer for the legislation. Once enacted, he would make them wait — for four years.

As Ryan noted, however, once the program did get up and running, costs would soar.The Senate Budget Committee Republican staff estimates the Senate bill’s cost at $2.3 trillion over ten years when fully implemented. [SNIP]

And massive they are. CBO says the coverage expansion provisions in the Senate-passed bill would cost about $200 billion by 2019, and that cost would rise 8 percent every year thereafter.

But even these estimates understate the true cost of Obamacare.