For You Number Crunchers: Obamacare In All Its Ugliness
The Republican Conference has compiled a list of important numbers relevant to Democrats’ Senate bill combined with the proposed reconciliation bill. Check it out here:
$1.2 trillion: The total cost of the bill between 2010 and 2020 (though the real costs do not start until 2014), including $940 billion in coverage subsidies, $144.2 billion in additional mandatory spending, $70 billion in discretionary spending in the Senate bill, and $41.6 billion in unrelated education spending.
$208 billion: The cost of a ten year patch for the Sustainable Growth Rate (SGR) to prevent reduction in Medicare physician payments. This cost is hidden because it was included in the earlier Democrat bill, but was dropped to provide a better cost estimate. It is expected to move separately and would bring the true cost of the takeover to $1.4 trillion.
$569.2 billion: Tax increases in the legislation, including $48.9 billion in new tax increases in the reconciliation bill alone.
$52 billion: The amount of new taxes on employers who cannot afford to pay their employees health care, imposed at a time when unemployment is 9.7 percent.
12: The number of new tax increases in the bill that violate President Obama’s pledge that, “Under my plan, no family making less than $250,000 a year will see any form of tax increase.”
46%: The percentage of families making less than $66,150 who will be forced to pay the individual mandate tax.
16,500: The estimated number of IRS auditors, agents and other employees that may be needed to collect the hundreds of billions in new taxes levied on the American people.
$20 billion: The estimated amount of money that the IRS and HHS will need for the cost of additional regulations, bureaucracy, and red tape over the next ten years. This spending is not included in CBO’s cost estimate of H.R. 4872.
$53 billion: The amount of revenue this bill raids from Social Security to appear as if it actually reduces the deficit.
$202.3 billion: The amount of money cut from the Medicare Advantage program for seniors to help offset the costs of a new entitlement.
$436 billion: The amount of federal subsidies in the bill that will go directly to insurance companies to provide health care in the exchange.
1 out of 22: The number of times the Senate has not somehow amended a reconciliation bill passed by the House, and thus required further House action.
63%: The percentage of physicians surveyed who feel that health reform is needed, but are opposed to this sweeping overhaul legislation.
$9 billion: The amount that the Ways and Means Committee estimated Medicare would spend annually after 25 years when it was passed in 1965. In reality, Medicare spent $67 billion in 1990, or seven times the initial cost estimate.
$1.55 trillion: The projected FY 2010 deficit—11 times the ten year “savings” Democrats claim the bill will produce by spending more than $1 trillion for this government takeover of health care.
Hat Tip Gop.gov
$1.2 trillion: The total cost of the bill between 2010 and 2020 (though the real costs do not start until 2014), including $940 billion in coverage subsidies, $144.2 billion in additional mandatory spending, $70 billion in discretionary spending in the Senate bill, and $41.6 billion in unrelated education spending.
$208 billion: The cost of a ten year patch for the Sustainable Growth Rate (SGR) to prevent reduction in Medicare physician payments. This cost is hidden because it was included in the earlier Democrat bill, but was dropped to provide a better cost estimate. It is expected to move separately and would bring the true cost of the takeover to $1.4 trillion.
$569.2 billion: Tax increases in the legislation, including $48.9 billion in new tax increases in the reconciliation bill alone.
$52 billion: The amount of new taxes on employers who cannot afford to pay their employees health care, imposed at a time when unemployment is 9.7 percent.
12: The number of new tax increases in the bill that violate President Obama’s pledge that, “Under my plan, no family making less than $250,000 a year will see any form of tax increase.”
46%: The percentage of families making less than $66,150 who will be forced to pay the individual mandate tax.
16,500: The estimated number of IRS auditors, agents and other employees that may be needed to collect the hundreds of billions in new taxes levied on the American people.
$20 billion: The estimated amount of money that the IRS and HHS will need for the cost of additional regulations, bureaucracy, and red tape over the next ten years. This spending is not included in CBO’s cost estimate of H.R. 4872.
$53 billion: The amount of revenue this bill raids from Social Security to appear as if it actually reduces the deficit.
$202.3 billion: The amount of money cut from the Medicare Advantage program for seniors to help offset the costs of a new entitlement.
$436 billion: The amount of federal subsidies in the bill that will go directly to insurance companies to provide health care in the exchange.
1 out of 22: The number of times the Senate has not somehow amended a reconciliation bill passed by the House, and thus required further House action.
63%: The percentage of physicians surveyed who feel that health reform is needed, but are opposed to this sweeping overhaul legislation.
$9 billion: The amount that the Ways and Means Committee estimated Medicare would spend annually after 25 years when it was passed in 1965. In reality, Medicare spent $67 billion in 1990, or seven times the initial cost estimate.
$1.55 trillion: The projected FY 2010 deficit—11 times the ten year “savings” Democrats claim the bill will produce by spending more than $1 trillion for this government takeover of health care.
Hat Tip Gop.gov
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