Submitted by: Robert Cooper
Obamacare by the Numbers
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 (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.
- 85 million. The Office of the Actuary at CMS 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. 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, 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. 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.
- 30 million. Updated CBO 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.
- 15. The number of unelected officials that will be in charge of cutting Medicare payments for millions of seniors under the Independent Payment Advisory Board in Obamacare.
- 50.8 percent. The majority of Americans continue to support repeal. The Real Clear Politics Averagefrom March 10, 2012, to July 28, 2012, shows that voters support repeal by an 8-point margin.
Posted in Featured, Health Care
Lee ADDS: To all this we must add another $1 billion spent advertising the benefits of a program that will not work!
