Health Care Bill-Costs going up, up up!!!

Remember our current Congressperson, Niki Tsongas VOTED for this law, without ever reading it, and then EXEMPTED HERSELF from the pain of the plan!

Congressional Budget Office 12 March 2012;

The Estimated Net Cost of the Insurance Coverage Provisions Is Smaller Than Estimated in March 2011 CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of just under $1.1 trillion over the 2012-2021 period-about $50 billion less than the agencies' March 2011 estimate for that 10-year period. (For comparison with previous estimates, these numbers cover the 2012-2021 period; estimates including 2022 can be found below.) The net costs--specifically the combined effects on federal revenues and mandatory spending--reflect:

Gross additional costs of $1.5 trillion for Medicaid, the Children's Health Insurance Program (CHIP), tax credits and other subsidies for the purchase of health insurance through the newly established exchanges and related costs, and tax credits for small employers, Offset in part by about $0.4 trillion in receipts from penalty payments, the new excise tax on high-premium insurance plans, and other budgetary effects (mostly increases in tax revenues). Those amounts do not encompass all of the budgetary impacts of the ACA. They do not include federal administrative costs, which will be subject to future appropriation action. Also, they do not include the effects of the many other provisions of the law, including some that will cause significant reductions in Medicare spending relative to that under prior law and others that will generate added tax revenues relative those under prior law.

CBO and JCT have previously estimated that the ACA will, on net, reduce budget deficits over the 2012-2021 period; that estimate of the overall budgetary impact of the ACA has not been updated. Gross Costs Are Higher, but Offsetting Budgetary Effects Are Also Higher The current estimate of the gross costs of the coverage provisions—$1,496 billion through 2021—is about $50 billion higher than last year's projection; however, the other budgetary effects of those provisions, which partially offset those gross costs, also have increased in CBO’s and JCT’s estimates—to $413 billion—leading to the small decrease in the net 10-year tally.
Over the 10-year period from 2012 through 2021, enactment of the coverage provisions of the ACA was projected last March to increase federal deficits by $1,131 billion, whereas the March 2012 estimate indicates that those provisions will increase deficits by $1,083 billion.

Over the 10-year period from 2012 through 2021, enactment of the coverage provisions of the ACA was projected last March to increase federal deficits by $1,131 billion, whereas the March 2012 estimate indicates that those provisions will increase deficits by $1,083 billion.
http://www.cbo.gov/publication/43080

Remember the initial costs mouthed by Tsongas and Obama was this figure was closer to $900 billion.

How Did Congressman Niki Tsongas Vote?

Democrat Representing Massachusetts 5th District's Key Votes 2010:

Vote #1 Cap-and Trade Bill (American Clean Energy and Security Tax H.R. 2454)
Tsongas Voted: YES
A vote in favor of this bill established a “Cap-and-Trade” regime to reduce carbon emissions to slow “global warming.” Also known as “Cap-and-Tax,” the bill would impose a new national energy tax costing each family $3,000 per year on average. It is estimated to increase unemployment by 1,105,000 jobs per year.
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Vote #2 Obamacare Private Health Care Takeover (Affordable Healthcare for America Act H.R. 3962)
Voted: YES
This Obamacare bill slashed Medicare benefits by nearly $500 billion for Seniors who paid into the system their entire working lives, while increasing taxes $565 billion. The bill requires private insurers to add applicants with pre-existing conditions and children to the age of 26, raising private health insurance costs for most working Americans and small business. Bill mandates that 30 million Americans buy private insurance or receive free government care. Bill provides for “rationing” for life-saving medical procedures. The Congressional Budget Office estimates Obamacare will add $1 trillion to federal costs over the next decade.
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Vote #3 Obama-Pelosi Stimulus (American Recovery and Reinvestment Act H.R. 1)
Voted: YES
A vote in favor of this bill approved $819 billion for President Obama’s stimulus program. One third of the stimulus provided for funds to state and local government to keep public employees employed. Since passage of the economic stimulus, unemployment has increased to 9.6%, the highest unemployment rate in 26 years.
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Vote #4 Election of Nancy Pelosi as Speaker of the House
Voted: YES
The first and most consequential act of Congress, a vote in favor of Nancy Pelosi (Democrat-San Francisco) to be Speaker of the U.S. House of Representatives for the 111th Congress.

For more info go to: League of American Voters www.usaleague.com