Perpetually tanned, republican Representative John Boehner’s calculation of the additional cost to the new health care law (widely repeated in the press) is simply wrong.
Boehner says additional imposed costs from “Obamacare” reach $115 billion, thus reducing the law’s 10-year budget savings to a mere $28 billion.
That would be a startling change — yet, still a savings while insuring all citizens.
Reality, though, must ruin the fairy tale,…
…as roughly $85 billion of Boehner’s supposed additional $115 billion cost is money that’s already being spent.
The true spending increase attributable to Obamacare is, therefore, more like $30 billion.