Mar 23, 2011

Happy One-Year Anniversary To ObamaCare

It’s been a tough first year for the Obama Administration’s job-destroying health care law. But this past week has been particularly tough on ObamaCare with news polls confirming the law’s continued unpopularity, revised cost estimates, and tough criticism from even supporters of the law.

A New CNN/Opinion Research Poll Confirmed Nearly 60 Percent Of Americans Still Oppose ObamaCare. “According to a CNN/Opinion Research Corporation survey released Wednesday, on the one year anniversary of the signing of the law, 37 percent of Americans support the measure, with 59 percent opposed.” (“CNN Poll: Time Doesn’t Change Views On Health Care Law,” CNN’s “Political Ticker” Blog, 3/23/11)

  • “That’s Basically Unchanged From Last March, When 39 Percent Supported The Law And 59 Percent Opposed The Measure.” (“CNN Poll: Time Doesn’t Change Views On Health Care Law,” CNN’s “Political Ticker” Blog, 3/23/11)

According To New CBO Estimates, ObamaCare’s Price Tag “Will Be Far More Expensive Than Advertised.” “The discrepancy emerged in a CBO analysis released Friday, not that it got much media attention. We thought you’d like to know, and we also want to underline a less-noticed section that shows that ObamaCare will be far more expensive than advertised.” (Editorial, “Unhappy Anniversary,” The Wall Street Journal, 3/23/11)

  • CBO Increased Its Cost Estimates By 8.6 Percent To A Total Of $1.13 Trillion. “To wit, CBO says the entitlement’s health insurance subsidies will cost $1.13 trillion between 2012 and 2021, not $1.04 trillion, the prior estimate. This 8.6% jump is the result of revised assumptions, the so-called technical factors in CBO’s budget model. The bill’s total cost now stands at $1.445 trillion, according to another recent CBO estimate.” (Editorial, “Unhappy Anniversary,” The Wall Street Journal, 3/23/11)