Another $17 trillion surprise found in Obamacare
Senate Republican staffers continue to look though the 2010 Obamacare law to see what's in it, and their latest discovery is a massive $17 trillion funding gap.
The $17 trillion in extra promises was revealed by an analysis of the law's long-term requirements. The additional obligations, when combined with existing Medicare and Medicaid funding shortfalls, leaves taxpayers on the hook for an extra $82 trillion over the next 75 years.
Currently, the Social Security system is $7 trillion in debt over the next 65 years. Medicare will eat up $38 trillion in future taxes, and Medicaid will consume another $2o trillion of the taxpayer's wealth, according to estimates prepared by the actuarial office at the Centers for Medicare and Medicaid Services.
The short-term cost of the Obamacare law is $2.6 trillion, almost triple the $900 billion cost promised by Obama and his Democratic allies, said Sessions.
The extra $17 billion gap was discovered by applying standard CMMS estimates and models to the law's spending obligations, Sessions said.
|They'll come out of this experience with their analytical muscles pumped, buff, and oiled, ready to take on anything private industry might throw at them|
Posted by: Shimble Guelph5793