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Obamacare by the Numbers

Posted By Alyene Senger On July 30, 2012 @ 5:30 pm In Featured,Obamacare | Comments Disabled

Looking for some straight facts on Obamacare and its impact? Here are some of the most important numbers you need to know about President Obama’s health law:

  • 20 million. The Congressional Budget Office [1] (CBO) projects that as many as 20 million Americans could no longer have their current employer-based health coverage by 2019; others predict it could be as high as 35 million [2].
  • 85 million. The Office of the Actuary at CMS [3] estimates that, by 2020, Medicaid enrollment will increase from 54 million in 2010 to 85 million, pushing America closer to government-run health care.
  • 400 percent of the federal poverty level [4]. Individuals earning over $44,680 a year and families earning over $92,200 a year are not eligible for any federal subsidies to help purchase coverage under Obamacare.
  • $1 trillion. Based on an updated CBO score [5], Obamacare imposes 18 new taxes or penalties totaling over $1 trillion from 2013 to 2022 that will directly or indirectly impact families, including those earning below $250,000.
  • 8.1.2012 [6]. Starting August 1, Obamacare forces many employers, regardless of their religious or moral convictions, to offer abortion-inducing drugs, sterilization, and contraception.
  • $1.683 trillion. Obamacare expects to spend over one-and-a-half trillion dollars between 2012 and 2022 on its coverage expansion provisions alone, according to the CBO [7].
  • 30 million. Updated CBO [7] estimates show that despite spending over a trillion dollars, Obamacare will leave 30 million Americans uninsured in 2021.
  • $716 billion. Although Medicare faces $37 trillion in unfunded obligations, Obamacare takes $716 billion out of Medicare to pay for non-Medicare coverage provisions, according to CBO’s latest update [8].
  • 15. The number of unelected officials that will be in charge of cutting Medicare payments for millions of seniors [9] under the Independent Payment Advisory Board in Obamacare.
  • 50.8 percent. The majority of Americans continue to support repeal. The Real Clear Politics Average [10] from March 10, 2012, to July 28, 2012, shows that voters support repeal by an 8-point margin.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2012/07/30/obamacare-by-the-numbers/

URLs in this post:

[1] The Congressional Budget Office: http://cbo.gov/sites/default/files/cbofiles/attachments/03-15-ACA_and_Insurance_2.pdf

[2] 35 million: http://americanactionforum.org/files/LaborMktsHCRAAF5-27-10.pdf

[3] Office of the Actuary at CMS: https://www.cms.gov/Research-Statistics-Data-and-Systems/Research/ActuarialStudies/downloads/MedicaidReport2011.pdf

[4] 400 percent of the federal poverty level: http://aspe.hhs.gov/poverty/12poverty.shtml#thresholds

[5] updated CBO score: http://www.cbo.gov/sites/default/files/cbofiles/attachments/43471-hr6079.pdf

[6] 8.1.2012: http://blog.heritage.org../../../../../2012/07/25/hercules-battles-anti-conscience-mandate-in-court-as-august-1-deadline-looms/

[7] CBO: http://cbo.gov/sites/default/files/cbofiles/attachments/43472-07-24-2012-CoverageEstimates.pdf

[8] CBO’s latest update: http://cbo.gov/sites/default/files/cbofiles/attachments/43471-hr6079.pdf

[9] cutting Medicare payments for millions of seniors: http://www.heritage.org/research/reports/2011/01/obamacare-and-the-independent-payment-advisory-board-falling-short-of-real-medicare-reform

[10] Real Clear Politics Average: http://www.realclearpolitics.com/epolls/other/repeal_of_health_care_law_favoroppose-1947.html

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