Obamacare admits incomes of consumers won’t be verified – Massive waste of handouts to follow
by: J. D. Heyes
Thursday, July 11, 2013
When President Obama was flying around the country stumping for his signature health care “reform” law in 2009-10, he said the plan would only cost about $900 billion over the course of a decade and would be “fully paid for.”
In May, however, the Congressional Budget Office – in examining the true effects of the law as it prepares to fully kick in on Jan. 1 – set Obamacare’s real costs at double what the president said it would cost ($1.8 trillion) over the next decade.
As bad as that is, the law’s actual costs are likely to be higher still, thanks to regulatory loopholes that will explode the Treasury.
Trust – without verification