Wednesday, January 28, 2015

The Congressional Budget Office's Rose-Colored, Short-Sighted View of Obamacare Spending

Obamacare’s spending is going to explode. CBO projects the average exchange subsidy per covered enrollee in 2015 will be $4,330 and increase to $7,710 in 2025, an increase of 78 percent in nominal terms. In real, inflation-adjusted terms it is an increase of 48 percent (using the CBO’s estimate of future Consumer Price Inflation).

And 2025 is only ten years in the future! We have had Medicare for fifty years, and their is little political will to get its unfunded liability under control. Don’t let the CBO’s rose-colored short-sighted vision lull us into complacency: Obamacare is a long-term spending disaster.

Read the entire column at Forbes.

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