by James C. Capretta
The Heritage Foundation
August 06, 2012
Following the Supreme Court’s decision on Obamacare, the Congressional Budget Office (CBO) issued an updated cost estimate for the law, which unsurprisingly is not strikingly different from its previous estimates. Nonetheless, an examination of CBO’s latest findings, along with other evidence, makes it clear that Obamacare remains a budgetary disaster. New entitlement spending will reach $2 trillion, new taxes amounting to $1 trillion, higher health care premiums, and 29 million people (11% of the population) will still be uninsured.
