- Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance
- The stunning figure comes from Congressional Budget Office (CBO) 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
- By CBO estimates, about 42 million non-elderly residents of the United States were uninsured in 2014. In 2025 that number is expected to be 31 million for a net reduction of only 11 million.
- 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
In two more related stories today: