OCR: The Cost of ObamaCare
From the Editorial Board of the Orange County Register:
“the report this past week by the nonpartisan Congressional Budget Office, which estimates that the health law will cost the federal government a net $1.35 trillion from 2016-25.
That vast sum will reduce the ranks of the uninsured by 24 million to 27 million, according to CBO. That works out to a cost of $50,000 per person, which puts the fritters to the canard advanced by supporters of the Affordable Care Act that the law has significantly reduced the per capita cost of health care.
Then there was the estimate this past week by the Treasury Department that as many as 6 million Americans will have to pay an Obamacare tax penalty this year because they were uninsured in 2014. The penalty is 1 percent of income above a certain threshold – for instance, $20,000 for a couple.”