New Health Care Law Costs More Than Anticipated

New Health Care Law Costs More Than Anticipated

Noting that the Affordable Care Act costs taxpayers more than previously anticipated, a recent Forbes article explains, “The Congressional Budget Office estimates that spending for all the different parts of ObamaCare (health insurance subsidies, Medicaid expansion, administrative costs, etc.) will come to about $2 trillion over the next ten years. That works out to about $2,000 for every household in America, every year.” It goes on to explain that this $2,000 annual increase will be dispensed primarily in the form of hidden taxes and higher prices and that an additional annual cost of more than $8,000 per household will surface in the form of economic impact, particularly job, wage and subsidy cuts.

Supreme Court Justice John Roberts based his decision to cast the deciding vote in favor of the ACA on the premise that the Constitution provides the government with the ability to levy taxes. The administration repeatedly demonstrates that it is more than willing to use this power to create the enormous resources needed to administer Obamacare. Ironically, the constitutional provision invoked to justify the passage of the ACA could be the very one that creates the conditions ripe for its destruction.

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