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The Congressional Budget Office (CBO) issued its ten year budget projection and calculated that Affordable Health Care law better known as “Obamacare” will cost close to $2 trillion dollars over the next ten years.

This cost to the federal treasury equates to $50,000 for every American who receives there healthcare coverage through the Obamacare system.

The CBO and the Joint Committee on Taxation (JCT) currently estimate that the ACA’s coverage provisions will result in net costs to the federal government of $76 billion in 2015 and $1,350 billion over the 2016–2025 periods.

The CBO in its report also reported a troubling element that there still will be close to 31 million nonelderly people who will be without health care coverage roughly representing one out of every nine resident under the age of 65.

As the cost to the Obamacare law pushes closer to $2 trillion the law then will take in new taxes, fees and penalties to pay for its implementation.  The CBO reported an offsetting amount of $643 billion in net receipts from penalty payments, additional revenues resulting from the excise tax on certain high-premium insurance plans, and the effects on income and payroll tax revenues and associated outlays arising from projected changes in coverage offered through employers.

President Obama issued two statements to a Joint Session of Congress on Health Care in September 2009, when he stated, “I will not sign it if it adds one dime to the deficit, now or in the future, period.  And to prove that I’m serious, there will be a provision in this plan that requires us to come forward with more spending cuts if the savings we promised don’t materialize.”

The second statement the president made while addressing Congress, Was that, “the plan I’m proposing will cost around $900 billion over 10 years — less than we have spent on the Iraq and Afghanistan wars, and less than the tax cuts for the wealthiest few Americans that Congress passed at the beginning of the previous administration.”

Like President Bush before him, Obama’s new health care law never meet the spending criteria outlined by the president, instead of reducing the health care curve it only increased the costs.

In both instances the Affordable Care Act will increase the deficit, and the cost of Obamacare has gone up each year.

The CBO can only calculate the cost of the existing law as it is now, they cannot evaluate the future cost of Obamacare, but only its estimate as many parts of the law have yet to be implemented such as the employer and individual mandate which goes into effect this year.

The one huge factor which will have the largest impact and ultimately decide the fate of Obamacare will not happen in Congress but at the Supreme Court.

In March the Supreme Court will hear a case involving federal subsidies to State’s who set up their own state health care exchange, if a state did not set up a state exchange then they were not entitled to any federal subsidies.

If the court rules this in unconstitutional then the law will virtually enter a death spiral as everyone who receives a subsidy will lose it and then have to pay higher health care premiums.

We will know by June which direction the court goes.