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March 24, 2014

‘Huge Success’ Being ‘Vilified’

The cost of ObamaCare.

“Never in my lifetime have I seen a law that is helping so many people be so vilified,” complained Sen. Barbara Boxer (D-CA). “This is a huge success, this law.” How successful? Well, a report released in time for ObamaCare’s four-year anniversary Sunday indicates just the opposite. The American Action Forum sums it up: “From a regulatory perspective, the law has imposed more than $27.2 billion in total private sector costs, $8 billion in unfunded state burdens, and more than 159 million paperwork hours on local governments and affected entities. What’s more troubling, the law has generated just $2.6 billion in annualized benefits, compared to $6.8 billion in annualized costs. In other words, the ACA has imposed 2.5 times more costs than it has produced in benefits.” We’d say the law is doing a fine job of vilifying itself.

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