The Democrats are telling us ObamaCare will only cost $940 billion over ten years and cut the deficit.
Keep in mind that no government entitlement, especially one this big, has ever come in under budget. Look no farther than Massachusetts for proof. Or look at Social Security and Medicare.
But here’s what the Democrats probably don’t want you to know. Of the $940 billion, most of that will be spent in the last six of the ten years, so it’s like a lay away plan for health care.
From Ed Morrissey:
Here’s the key table from CBO’s letter to Pelosi. Via Philip Klein, want to see what a shabby fraud these cost estimates are? Check out the line for “Gross Cost of Coverage Provisions”.
This is why they’re delaying the start of the program, of course. If it kicked in right away, the decade-long estimate would obviously be well into the trillions. So they simply stalled it for four years, incurring just $17 billion in costs — or 1.8 percent of the total 10-year estimate — through 2013 so that wavering Democrats could go back to their districts and tell baldfaced lies to their constituents about the pricetag. A perfect ending to this travesty.