Looking for some straight facts on Obamacare and its impact? Here are some of the most important numbers you need to know about President Obama’s health law:
- 20 million. The Congressional Budget Office (CBO) projects that as many as 20 million Americans could no longer have their current employer-based health coverage by 2019; others predict it could be as high as 35 million.
- 85 million. The Office of the Actuary at CMS estimates that, by 2020, Medicaid enrollment will increase from 54 million in 2010 to 85 million, pushing America closer to government-run health care.
- 400 percent of the federal poverty level. Individuals earning over $44,680 a year and families earning over $92,200 a year are not eligible for any federal subsidies to help purchase coverage under Obamacare.
- $1 trillion. Based on an updated CBO score, Obamacare imposes 18 new taxes or penalties totaling over $1 trillion from 2013 to 2022 that will directly or indirectly impact families, including those earning below $250,000.
- 8.1.2012. Starting August 1, Obamacare forces many employers, regardless of their religious or moral convictions, to offer abortion-inducing drugs, sterilization, and contraception.
- $1.683 trillion. Obamacare expects to spend over one-and-a-half trillion dollars between 2012 and 2022 on its coverage expansion provisions alone, according to the CBO.
- 30 million. Updated CBO estimates show that despite spending over a trillion dollars, Obamacare will leave 30 million Americans uninsured in 2021.
- $716 billion. Although Medicare faces $37 trillion in unfunded obligations, Obamacare takes $716 billion out of Medicare to pay for non-Medicare coverage provisions, according to CBO’s latest update.
- 15. The number of unelected officials that will be in charge of cutting Medicare payments for millions of seniors under the Independent Payment Advisory Board in Obamacare.
- 50.8 percent. The majority of Americans continue to support repeal. The Real Clear Politics Average from March 10, 2012, to July 28, 2012, shows that voters support repeal by an 8-point margin.