- In March 2010, the Congressional Budget Office (CBO) estimated that the Obama Care health insurance provisions would cost the Federal government $788 billion between 2010 and 2019.
- That cost would be more than offset by $511 billion in Federal government spending cuts, primarily to Medicare, and $420 billion in new Obama Care revenue streams, much of it generated by new taxes on hospital insurance and manufacturers of drugs and medical devices.
- Thus, the CBO estimated at the time, the health care law would somehow miraculously reduce the national debt by $143 billion over 10 years, compared to the CBO’s non-Obama Care baseline view.
- The vast majority of the savings, about $124 billion, was supposed to come from the health care portion of the law and another $19 billion would be derived from changes to student loans and grants.
- Several programs within Obama Care that were supposed to be financially positive, e.g. the CLASS program, turned out to be bombs and were terminated early on, robbing a lot of the $124 billion surplus of a positive financial flow.
- The Obama administration illegally and unilaterally starting postponing the rollout of many elements of the plan, further reducing the offsetting revenue planned against the ever increasing costs of the legislation.
- The original ten year view that had arrived at the $124 billion surplus, basically included ten years worth of revenue but only seven years worth of costs. As we have gotten to a full rollout of the law, a new ten year view includes both a ten year view of Obama Care revenue and a ten year view of Obama Care costs and the original $788 billion ten year cost estimate is now over $2 trillion.
- This comparative analysis found that after Romney Care was launched, Massachusetts counties had an average mortality rate 2.9% lower relative to the other counties.
- The authors concluded that about every “830 adults gaining health insurance [prevented] 1 death per year.”
- Using costs associated with Romeny Care in Massachusetts, the blog post cites an analysis done by a Michael Cannon which estimates that $4 million was spent to save that one life out of 830 adults.
- The blog cites another similar analysis done by a Professor Harold Pollack which came up with a slightly less expensive figure of $3.3 million, less expensive but still not cheap.
- Combining these analysis with a formula developed by the Institute of Medicine shows that nationally about 30,395 people die each year from lack of insurance.
- The Congressional Budget Office estimates that the Obama Care exchanges and the Medicaid expansion will cover 25 million, or 46 percent, of the 55 million uninsured by 2017.
- Putting all of these numbers together and doing the Massachusetts calculations on a national basis we find that there would be 13,982 more lives saved nationally in 2017.
- The CBO has previously estimated that the net cost of expanding coverage under Obama Care will be about $142 billion in 2017.
- If we divide that cost by the 13,982 lives saved by Obama Care providing insurance to Americans who were previously uninsured, the cost of saving one life is a staggering $10.1 million, far more than the very high Massachusetts cost of about $3-4 million per life saved.
- A 2009 research effort and article found that anti-smoking efforts had a median cost of $4,400 per year of life saved.
- Other research shows that the cost per year of lives saved via hypertension screening efforts is about $79,832 per life.
- Annually, the country loses an estimated 480,000 people due to smoking and 26,634 due to hypertension, far more than we lose due to a lack of health insurance.
- Outside of the blog post numbers, consider a recent article from Business Week which cited industry sources when explaining that there are about 5 million Americans today that suffer from nondurable Alzheimer’s disease, the number of sufferers will triple by 2050, and that the disease probably kills about 500,000 Americans a year.
- There is probably at least 2.9 million individuals that still had not had their Obama Care applications processed.
- 2.9 million unprocessed applications is equivalent to the combined populations of Montana, Wyoming and North and South Dakota.
- Additionally, the 2.9 million unprocessed forms is only the estimate for people that are waiting for their INITIAL application to be processed. There are probably other delays still pending beyond the initial application process blockade.
- The survey also found that the largest piles of unprocessed applications were in states with very large populations: California (900,000 residents), Illinois (330,000), North Carolina (at least 298,840), Ohio (212,090), Virginia (183,643), Georgia (at least 159,313), Michigan (at least 123,381) and South Carolina (at least 113,429).
It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.
Please visit the following sites for freedom:
Term Limits Now: http://www.howmuchworsecoulditget.com