New GAO report: Obamacare adds $6.2 trillion to deficit

By   /   February 26, 2013  /   No Comments

By Eric Boehm | PA Independent

HARRISBURG – A new report from the Government Accountability Office will show that the federal health care law adds $6.2 trillion to the long-term federal deficit, according to National Review.

Andrew Stiles covered a hearing of the Senate Budget Committee this morning and reports that the new GAO report blows a giant hole in President Obama’s promise to Congress in 2009 that he would not sign health care reforms that “add one dime to our deficits – either now or in the future.”

From Stiles:

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.” 

The full report will be released later today.

It’s the latest in a run of bad news about the cost of the new health-care entitlement. Earlier this month, the Congressional Budget Office estimated the costs of Obama to top $1.6 trillion over the first nine years of the law’s provisions.

Boehm is a reporter for Watchdog.org and bureau chief for PA Independent.

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Eric is a reporter for Watchdog.org and former bureau chief for Pennsylvania Independent. He lives in Minneapolis, Minnesota, where he enjoys great weather and low taxes while writing about state governments, pensions, labor issues and economic/civil liberty. Previously, he worked for more than three years in Harrisburg, Pennsylvania, covering Pennsylvania state politics and occasionally sneaking across the border to Delaware to buy six-packs of beer. He has also lived (in order of desirability) in Brussels, Belgium, Pennsburg, Pa., Fairfield, Conn., and Rochester, N.Y. His work has appeared in Reason Magazine, National Review Online, The Freeman Magazine, The Philadelphia Inquirer, The Washington Examiner and elsewhere. He received a bachelor's degree from Fairfield University in 2009, but he refuses to hang on his wall until his student loans are fully paid off sometime in the mid-2020s. When he steps away from the computer, he enjoys drinking craft beers in classy bars, cheering for an eclectic mix of favorite sports teams (mostly based in Philadelphia) and traveling to new places.