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Sunday, October 07, 2012

CBO: Federal Healthcare Spending To Surpass All Discretionary Spending By 2016

'Cause we pay for the chronic diseases of choice that fat people get.
Under current law, federal health care spending is on pace to exceed all discretionary spending by 2016, according to the Congressional Budget Office (CBO).
The change is due to large increases in Medicare and Medicaid spending and added spending under the Affordable Care Act (Obamacare) over the next decade, a feat the Tax Foundation calls a “truly unprecedented and scary” scenario.

The nonpartisan tax research group analyzed recent CBO projections of the budget for 2012 to 2022, finding that over the next decade Medicare spending will increase from $550 billion to $1.064 trillion, while Medicaid would more than double from $253 billion to $592 billion.

In addition, new exchanges and subsidies under Obamacare will force mandatory healthcare expenditures to grow from $25 billion to $181 billion in 2022.
To put it in milder, kinder and gentler terms:

F**k the calorically irresponsible.

Fack Barack.

F**k Obamacare.

Any questions?

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