CBO Hikes ObamaCare Cost Estimate By $115 Billion
Better sit down, because you are in for a “shock”: ObamaCare will cost more than previously thought.
The Congressional Budget Office today released an analysis of discretionary spending in the law, and found that those costs will “probably exceed” $115 billion over 10 years.
At a stroke, that erases almost all of ObamaCare’s $143 billion in budget savings based off rushed, incomplete CBO projections given just before the decisive House vote in March.
Of course, that original forecast also assumed politically poisonous Medicare cuts and numerous other budget tricks.
But, continuing to set those issues aside, the CBO suggests even its surplus forecast may prove ephemeral.
…