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  • Side Effects: Obamacare Adds $17 Trillion to Long-Term Unfunded Government Spending

    Last week, the Senate Budget Committee Republican staff released a report revealing that, over the next 75 years, Obamacare will add an additional $17 trillion in unfunded obligations—i.e., the benefits promised by the federal government that haven’t yet been paid for.

    Before Obamacare, federal programs were already responsible for racking up 75-year unfunded obligations of an astounding $65 trillion. According to the report, Medicare accounted for $38 trillion, Medicaid was responsible for over $20 trillion, and Social Security added $7 trillion.

    With the enactment of Obamacare, projected federal unfunded obligations have increased by $17 trillion, now totaling $82 trillion. Obamacare’s massive Medicaid expansion and new exchange subsidies are largely to blame.

    The number was deduced from the Administration’s own estimates, the report explains:

    The $17 trillion figure…is based on the long-term model used by the Office of the Actuary at the Centers of Medicare and Medicaid Service to estimate federal health expenditures over a 75-year period. The assumptions and methodology used to build the model is from [the Centers for Medicare and Medicaid Services] Office of the Actuary. Data on the cost of the Medicaid expansion and the premium subsidies in the 10-year window is from the Administration and the Congressional Budget Office.

    Clearly, Obamacare is not just bad health care policy; American taxpayers can’t afford it. As Senator Jeff Sessions (R–AL), ranking member of the Senate Budget Committee, said, “President Obama told the American people that his health law would cost $900 billion over ten years and that it would not add ‘one dime’ to the debt.… This health law adds an entirely new obligation—one we cannot pay for—and puts the entire financing of the United States government in jeopardy.”

    Obamacare may have been passed under a cloak of fiscal responsibility, but the facts continue to show otherwise. At a time when $1 trillion-plus deficits have become the norm and the United States faces ever-increasing debt, we simply cannot afford an unpopular government overhaul of health care that exacerbates our financial crisis.

    Posted in Obamacare [slideshow_deploy]

    6 Responses to Side Effects: Obamacare Adds $17 Trillion to Long-Term Unfunded Government Spending

    1. Bobbie says:

      This over infringement by government shouldn't ever been expected or accepted in America. Nancy Pelosi and Harry Reid and all the rest, how dare they! The government has stepped in way too deep as it is with absolutely no excuse for the urgency. Our cost of living has tripled with quality of life diminishing within the controls of the leadership of this country! Working harder, getting nowhere.

      The conflict with government is the control of government who always protects people in government by increasing taxing forces on us that covers all increase costs of government including wages and quality of living at government leisure, not their worth! This socialized health care is invasive, untrustworthy, overpowering, overburdening, dangerous and irrationally expensed along with everything else the government is doing in defiance of the peoples' constitution! The benefit of this legislation, is more work, cost and danger than benefit!! Still can't figure out what the benefit is???

      The free market has to commence and the government, removed!

    2. Troy Simmons says:

      Please, no more government solutions! Our children can't afford any more of our "best of intentions".

    3. Stirling says:

      The country will be bankrupt way before the 75 year window comes into view. Countries like China are already scaling back buying our debt, and the fed is purchasing 61% of our treasuries currently. It's just a matter of time before people realize the government is playing with "Funny Money."

    4. Leon The Electrician says:

      Every time I see this graph I want to scream! Medicaid is responsible for the out of control part. Social Security and Medicare are both nearly flat growth. Medicaid costs are exploding, not SS or Medicare. The increasing cost of Medicine is the culpret and the facts are we do not get more service for the money. These bums are wrecking the whole Medical Industry with Over Regulation. It is pure waste, Kloward and Piven, the strategy of overwhelming the System to bring it down. Please stop tarnishing Medicare and Social Security with the stain belonging to Medicaid alone!

    5. STEVEN says:

      And all the Gomers say, surprise..surprise! I woulda never thunk it!

    6. TURTLE says:

      EXPLAINING the left ( DEMOCRAT) thinking people and the right (REPUBLICAN) thinking people
      ECCLESIASTES 10:2 A wise man's heart is at his right hand but a fool's heart is at his left

      SO UNTIL WE CHANGE THE THINKING PROCESS< YOU WON'T GET A REAL CHANGE

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