Congressional Budget Offices Finds Obamacare Much More Expensive

The CBO has extended its cost estimates for President Obama’s health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive — twice as much as the original $900 billion price tag.

The independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.

That only counts the cost of coverage, not implementation costs and other changes.

“The bill spends more than the president promised, it covers fewer people — probably 2 million fewer people — and it taxes more than was expected,” said Senator Jeff Sessions (R-AL), ranking member on the Senate Budget Committee.

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