Feds Will Spend $685 Billion Of Your Money To Subsidize Healthcare In 2018
Yes, we continue to be plagued by the unconstitutional legislation known as Obamacare, and sadly there are too many people who want government to usurp its constitutional authority and steal from one citizen to pay for another citizen’s health care. According to a Congressional Budget Office report released Wednesday, the central government will spend $685 billion in taxpayer money to subsidize healthcare for people under 65 in 2018.
According to the report, “In an average month in 2018, about 244 million of those people will have health insurance, and about 29 million will not. By 2028, about 243 million are projected to have health insurance and 35 million to lack it.”
However, the question is why? It seems that this is a result of the elimination of insurance penalties under the Tax Cuts and Jobs Act.
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Among those who will be uninsured, 20 percent will be illegal immigrants.
On that last note, it seems reasonable that those charged with immigration enforcement should utilize hospitals to apprehend illegal aliens, right?
“Net federal subsidies for insured people in 2018 will total $685 billion,” the report continues. “That amount is projected to reach $1.2 trillion in 2028. Medicaid and the Children’s Health Insurance Program account for about 40 percent of that total, as do subsidies in the form of tax benefits for work-related insurance.”
The report continues, “Medicare accounts for about 10 percent, as do subsidies for coverage obtained through the marketplaces established by the Affordable Care Act or through the Basic Health Program.”
The money is equal to 3.4 percent of gross domestic product in 2018 and pushing up to 3.9 percent by 2028.
Over the next ten years, the Affordable Care Act’s Medicaid expansion is set to cost the American people an additional $842 billion in addition to what they would have had to pay for without Obamacare, according to the report.
Furthermore, have we really heard any talk about eliminating the rest of the Obamacare monster? I haven’t and that is a huge disaster that continues to gain steam during the second year of President Donald Trump’s first term.
It’s time to push again on that piece of the agenda.
Perhaps if we can eliminate House Speaker Paul Ryan this year, there might actually be someone strong enough to advance repealing the unconstitutional law in total and replacing it with nothing, but I’m not holding my breath on that one.
Article posted with permission from Sons Of Liberty Media