…And that is not including premiums and co-pays – YOU, each and every tax payer, are paying this bitter pill whether you bought Obamacare or not.
Health coverage was never so costly until President Obama decided to make it “affordable.”
Bloomberg News has tallied up the total cost to taxpayers of Obamacare so far: $73 billion and counting. What Bloomberg didn’t do is compare that cost to the government’s latest estimate of the number of people who have obtained Obamacare coverage: 7.3 million, and possibly falling.
That means taxpayers have shelled out $10,000 per insured person.
Only a relatively small portion of that $73 billion went for actual subsidies to help people afford coverage, according to Bloomberg. The large majority of the money was spent on health IT, exchange grants to get the state websites up and running, and contractor spending. Most of those outlays have been miserable failures.
Oh, and Bloomberg rightly included the $25 billion Democrats stuck in their nearly $800 billion February 2009 stimulus plan to push doctors and hospitals to adopt electronic health records (EHR). Virtually everyone involved concedes that effort is still a “work in progress.”
BUT, that $10,000 per insured person also excludes a number of things. That’s only what taxpayers have spent; it doesn’t include how much those newly insured people are coughing up out of their own pockets for their premiums, which can be thousands of dollars a year.
Nor does it include the money that left-leaning private sector groups funneled to the Obamacare rollout efforts. I don’t think anyone has a good estimate on how much was spent, but it was surely in the millions.
Nor does it include money that then-Secretary of Health and Human Services (HHS) Kathleen Sebelius tried to squeeze from health insurance CEOs to promote Obamacare. She apparently stopped the shakedown when news stories emerged about her practice and how unethical, not to mention illegal, it was for a federal regulator to ask for donations from the very companies she’s regulating.