President Obama’s health plan should be rechristened “The Unaffordable Care Act.” Precisely as Obamacare’s critics predicted, the officially titled Patient Protection and Affordable Care Act is no bargain for taxpayers or patients.
Obama signed this measure on March 23, 2010. Less than two years later, its original $940 billion, ten-year price tag is in tatters. As the Congressional Budget Office re-forecast Tuesday, this program will cost $1.76 trillion through fiscal year 2022. The CBO foresees 87 percent overrun, not even 24 months into this boondoggle. At this rate, the Unaffordable Care Act may do for medicine what the Big Dig did for public works.
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