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Amnesty Increases Obama-Care Cost By $300B

From the Daily Caller:

Pathway to citizenship could increase Obamacare cost up to $300 billion over a decade

By Caroline May | February 5, 2013

Any immigration package in which current illegal immigrants are made eligible for Obamacare — in the form of either exchanges or Medicaid — could increase costs to the federal government by between $120 billion to $200 billion in its first decade, according to internal calculations by the Republican side of the Senate budget committee that were obtained exclusively by The Daily Caller.

GOP Senate budget committee staffers explained to TheDC that the estimates assume that the law’s provision capping total spending on exchange subsidies, which is set to begin in 2019, is enforced.

However, should the provision fall by the wayside, as some analysts believe it could, the staffers estimate the cost of Obamacare could increase between $210 billion to $300 billion over the next 10 years.

Lest we forget, Obama’s tax hike on the millionaires and billionaires who make over $400,000 a year will at best only net $600 billion over the next ten years. And we were told that was going to balance the budget and end the deficit.

But, instead, half of it could end up going to ‘free healthcare’ for former illegal aliens.

They add that if the capping provision is sustained, making millions of illegal immigrants eligible for Obamacare could also result in a benefit cut of approximately $1,100 annually for the average American receiving a subsidized benefit through the exchanges, which are now called “marketplaces” by the administration…

In other words, even the people getting subsidized under Obama-Care are going to suffer by having their annual premiums go up by more than a $1,000 a year, in order to subsidize these new ‘Americans.’ Just wait until the low information voters figure that out.

To reach their conclusions, the staffers applied Congressional Budget Office estimates that 7 million illegal immigrants are without insurance, approximately 85 percent of whom have incomes low enough to qualify for the benefits — or less than 400 percent of the federal poverty line.

They further applied demographic data from the U.S. Census Current Population Survey to estimate that about half of the eligible illegal immigrants would be eligible for Medicaid, and the other half would be qualified for the subsidized exchange benefits…

And never mind that the CBO is undoubtedly lowballing these numbers, just as they always lowball any bad news.

This article was posted by Steve on Tuesday, February 5th, 2013. Comments are currently closed.

3 Responses to “Amnesty Increases Obama-Care Cost By $300B”

  1. Umjammerlammy says:

    What difference does it make? /sigh

  2. bousquem25 says:

    What they also aren’t saying is that the medicaid cost is going to be much, much, higher and the states are going to be holding the bag for all that extra money as the fed is not going to pony up all that extra cash. The feds are just going to tell the states that to keep getting federal funds, the states need to add these people to the state medicaid rolls and find the money somewhere to pay for this and all the other social services these criminals are going to start draining.

  3. imnewatthis says:

    God, it’s all so depressing.

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