Friday, August 19, 2011

Ooops! ObamaCare EVEN MORE Expensive Than We Thought.

Medicare's long-term liabilities already are among the biggest drivers of future federal budget deficits. But the burden on taxpayers may be $6 trillion larger than official estimates...

Plugging in that extra percentage point into the model raises Medicare's unfunded liabilities to more than $30 trillion, Winfree found. The federal government would have to invest that amount now to cover the program's 75-year shortfall.

That works out to nearly $96,200 immediately from every person in the U.S.