New Report Reveals Obamacare $820 Billion More Expensive Than Advertised

Liberals will absolutely hate this column. In fact, if you post it to one of the various social media sites you partake in (please do!) then expect your liberal friends to deride, ignore, or even (gasp) defriend you!

That’s because liberals are the least tolerant ideological group when it comes to differing political opinions according to new data from a Pew survey. “Liberals are the most likely to have taken each of these steps to block, unfriend, or hide [someone because of their politics or posting activities,” explains Pew. “In all, 28% of liberals have blocked, unfriended or hidden someone on social networking sites [for political reasons] compared with 16% of conservatives and 14% of moderates.”

Now, on to the part that will rile up the latent intolerance of your liberal friends: Obamacare is expensive, even moreso than initially advertised.

I know, I know. Liberals don’t believe a word of that. They’ll argue to their last breath that Obama’s controversial health care reform bill actually saves money. That it will succeed in bringing insurance costs down and actually save the federal government money. They’ll no doubt point to a Congressional Budget Office estimate that the bill would reduce deficits by $124 billion over the next ten years as proof of their claim.

But they’re still wrong.

One of the major reasons for the favorable CBO score was a provision called the CLASS Act – a long-term care insurance plan that was estimated to save $70 billion. As it turns out that number was completely bogus. In fact, the only reason the CLASS scored as a deficit reducer was that it was carefully drafted so the CBO would scored ten years of premium collections but only five years of costs.

Democrats couldn’t manage to keep up that ruse for very long however and in Octorber the Obama Administration admitted that the CLASS Act was not fiscally solvent and pulled the plug. And in so doing wiped out more than half of Obamacare’s purported “deficit reduction.”

Such budgetary gimmickry wasn’t limited to one portion of the bill. It’s the foundation upon which the entire fiscal outlook of the bill rests.

Don’t take my word for it. Here’s liberal blogger Ezra Klein owning up to the questionable accounting contained in Obamacare: “Democrats have artificially lowered the cost of the bill by pushing its start date back to 2014, even as its 10-year budget window begins in 2010,” Klein wrote in 2010. “This was a deceptive effort to keep the bill’s price tag under $1 trillion, even as the bill’s price tag was really quite a bit more.”

Today, Americans got a truer reflection of Obamacare’s cost and it’s not pretty. According to a new projection released today by the Congressional Budget Office the 10-year costs of the health care reform bill is a whopping $820 billion higher than the initial $940 billion forecast.

Even this eye-popping figure doesn’t encompass the full magnitude of Obamacare’s budgetary disaster. As Philip Klein writes in the Washington Examiner, “we now have estimates for Obamacare’s first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn’t overturned by the Supreme Court or repealed by then.”

So please, tell your liberal friends. Post the truth on their Facebook walls and tweet them the facts about their beloved bill. Just don’t expect them to take it very well.