Monday, January 25, 2016

ObamaCare adds to the National Deficit

   Is Obama Care adding to the deficit, or shrinking it?
   At whitehouse.gov, I read: "By curbing the cost of uncompensated care, and ending unwarranted subsidies, health reform reduces the deficit by over $1 trillion over the next two decades." I didn't find a date on the post, but it goes on to say, "Reform must fix our health care system without adding to the deficit."
   Then, at a site calling itself, obamacarefacts.com, I read that while some features of ObamaCare decrease the budget, subsidies, protections and health care spendings will lead to increases. Says this site: "As of March 2015 the estimated net cost of ObamaCare's innsurance related provisions is $1.207 trillion (the gross cost of ObamaCare is $1,707 offset by $500 billion in revenue for 2015-2025)."

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