Give it a little time and it’ll be $530,000. We’re heading down a rabbit hole with people who print money for a living.
Taxpayers will pay over $53,000 per each person newly insured under Obamacare, according to a Daily Caller News Foundation analysis of the Congressional Budget Office data.
The CBO predicts that on average, federal taxpayers will now pay over 95% of the total cost of the Medicaid expansion. Fewer than expected Americans who were already eligible for traditional state Medicaid programs signed up for coverage while programs received free publicity due to the furor over the Medicaid expansion, leading to a lowered estimates of the Medicaid costs states will incur.
The CBO’s findings on the total number of Americans who will receive new private insurance show that the health care law isn’t making much of a dent. By the end of 2014, the CBO predicts that there will be 42 million uninsured Americans; in ten years, that number will have dropped to 31 million without insurance.
And that’s a projection which doubtlessly will not hold up.
Part of that drop will can be attributed to public coverage — outside of private insurance, the CBO expects 13 million people on net to be added to Medicaid and CHIP coverage rolls by 2018.