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 |
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