This past week the CBO announced that Obama care, when costed out over a 10 year period that was different than the 10 year period when it was voted on, will cost more than originally stated. For many, this comes as no surprise. The fact that government programs cost more than originally stated isn’t anything new, in fact, it’s been going on for decades:
Only 1 of the programs above managed to come even close to half of the real cost; Medicare Catastrophic coverage. And THAT program was eliminated before it took effect.
The CBO is estimating the last year of the measurable ten to cost nearly $265 billion. If we average the misses from the above program we can expect that last year to really cost $1.8 trillion alone.