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Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report
Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years
Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare
The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best
The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance
Numbers assume Obamacare insurance exchange enrollment will double between now and 2025

By David Martosko, Us Political Editor For Dailymail.com

Published: 16:38 EST, 26 January 2015 | Updated: 18:32 EST, 26 January 2015

It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook.

The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

THE $2 TRILLION DOLLAR MAN: President Barack Obama was in India on Monday when the Congressional Budget Office reported the federal government's gross costs for a decade of Obamacare will be $1.993 trillion

PROMISES: Obama pledged in 2009 during a speech before a joint session of Congress that his health insurance proposal would cost $900 billion over ten years – a far cry short of current numbers

PROMISES: Obama pledged in 2009 during a speech before a joint session of Congress that his health insurance proposal would cost $900 billion over ten years – a far cry short of current numbers

The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children's Health Insurance Program) costs.

Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.

That revenue includes quickly escalating penalties – or 'taxes,' as the U.S. Supreme Court described them – on people who resist Washington's command to buy medical insurance.

It also includes income from a controversial medical device tax, which some Republicans predict will be eliminated in the next two years.

If they're right, Obamacare's per-person cost would be even higher.

President Barack Obama pledged to members of Congress in 2009, as his signature insurance overhaul law was being hotly debated, that 'the plan I'm proposing will cost around $900 billion over 10 years.'

It would be a significant discount if the White House could return to that number today.


Read more: http://www.dailymail.co.uk/news/article-2927348/Obamacare-program-costs-50-000-American-gets-health-insurance-says-bombshell-budget-report.html#ixzz3PzpKAdg5
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