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$700 billion annual cost for Medicaid, CHIP, Affordable Care Act subsidies, and tax-breaks for employer subsidy of health care insurance

By AD follow AD   2019 Apr 7, 11:52am 336 views   2 comments   watch   nsfw   quote   share    


It will cost the U.S. government almost $700 billion in subsidies this year help provide Americans under age 65 with health insurance through their jobs or in government-sponsored health programs, according to a report from the nonpartisan Congressional Budget Office.

The subsidies come from four main categories. About $296 billion is federal spending on programs like Medicaid and the Children’s Health Insurance Program, which help insure low-income people. Almost as big are the tax write-offs that employers take for providing coverage to their workers ($279 billion). Medicare-eligible people, such as the disabled, account for $82 billion. Subsidies for Obamacare and for other individual coverage are the smallest segment, at $55 billion.

https://www.bloomberg.com/news/articles/2018-05-23/it-costs-685-billion-a-year-to-subsidize-u-s-health-insurance
1   AD   ignore (0)   2019 Apr 7, 12:58pm     ↓ dislike (0)   quote   flag        

Compare that $700 billion for annual cost for health care to the $700 billion spent on national defense.
2   TrumpingTits   ignore (3)   2019 Apr 7, 4:21pm     ↓ dislike (0)   quote   flag        

Which proves that all of that isn't for 'health care' but rather wealth redistribution.

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