As the government’s unsustainable Healthcare and Obamacare programs topped spending on Social Security, the Congressional Budget Office (CBO) reported that Obamacare enrollment will decline by about 40 percent from last year’s Obamacare signup. This year there will be about 13 million enrollees but thanks to subsidies, it will cost US taxpayers more.
Insurance companies have to be getting nervous but they bought into this monstrosity.
The administration hasn’t been able to lower the number of insured any further which was the purpose of the bill. It has bottomed out.
There will be fewer customers but the subsidies will rise and it will go from 8 million subsidized people last year to 11 million people in 2016.
Healthcare spending has grown more slowly but the per-person spending on healthcare programs will grow more rapidly. As suspected, we will get less for more money.
American taxpayers will pay $18 billion more on subsidies for people who get to not pay all or some of their health insurance costs.
Mandatory health programs rose by $200 billion, double the average annual rate of increase during the previous decade. The CBO is warning against the mandatory spending programs.
The American taxpayer spent $936 billion last year on health programs including Medicare, Medicaid and subsidies related to the Affordable Care Act, a jump of 13 percent from 2014, according to the Congressional Budget Office, for the first time exceeding Social Security which is barely sustainable.
Spending on Social Security, in contrast, totaled $882 billion, the Congressional Budget Office (CBO) reported.
SCOTUS won’t be considering any more cases contesting Obamacare and we sure can’t expect anything from Congress. We will be stuck with this growing unsustainable mess but as long as Sandra Fluke gets her free birth control and 60-year old men pay for pregnancy services, who am I to complain?
The decision on a case that could overturn Obamacare won’t even be heard.