Friday, June 29, 2012

Now even worse

The reality hasn't changed, but perhaps now the perception will. Obamacare CBO numbers need to be revised in light of the supreme court ruling.
Among other things, if the mandate is just an optional tax that can be paid in lieu of getting health insurance, then the basis by which the law was estimated by the Congressional Budget Office (CBO) would seem to be flawed. CBO, taking a page from the book of “behavioral economics,” assumed that very large numbers of American would sign up for insurance under the law even though it would be against their financial interests to do so.
Update: Obamacare May Dramatically Increase the Deficit.

More taxes due to Obamacare.

No comments: