It has been one year today since Obamacare became law, and in that time, we have certainly continued to "find out what's in it." The latest revelation?
According to CBO's latest estimates, the cost of Obamacare has increased by $500 billion.-- Meaning, in only one year, the cost has increased from an already staggering $938 billion price tag to $1.445 trillion.
Let's put that into perspective. Half a trillion dollars could buy:
The House Energy and Commerce Health Subcommittee today held a hearing to examine the implementation and sustainability of the CLASS program.-- During the hearing, Administration on Aging Assistant Secretary Kathy Greenlee admitted to Rep. Tim Murphy (R-PA) that funds from the CLASS program were double counted as both funding the program and contributing savings in the health care law.
First... Chief Actuary Rick Foster Says:
Cuts in Medicare "cannot be simultaneously used to finance other Federal outlays (such as the coverage expansions) and to extend the trust fund."