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Obamacare 10-year costs jump to $1.75 trillion and growing, CBO analysis shows

Obamacare 10-year costs jump to $1.75 trillion and growing, CBO analysis shows

March 14, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to a new Congressional Budget Office estimate showing the gross cost of Obamacare rising to $1.75 trillion from 2013-2022:

“As we begin to see what’s in it, as Nancy Pelosi suggested we do, the true costs of Obamacare are being revealed by the Congressional Budget Office. Now we know that through 2022, the price tag will rise to $1.75 trillion—and counting. This proves that the out-years always were always where the real expense was hidden by Obama.

“Within ten years, Obamacare will have a permanent, iron grip on the national economy, never letting go. Once fully implemented, starting in the middle of this decade, the ten year costs will jump to over $2 trillion, and then keep climbing, never to be reduced.

“Ultimately, Americans will be driven off of their private insurance and on to government-subsidized plans. It will get in the way of doctors and patients, regulate every aspect of medical decisions, and ultimately result in rationing. That is when the ultimate price will be paid by those who are denied care, when life or death is on the line.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.