Feb 5, 2013 Comments Off Chuck Biscuits
Excerpted from The Daily Caller: Any immigration package in which current illegal immigrants are made eligible for Obamacare — in the form of either exchanges or Medicaid — could increase costs to the federal government by between $120 billion to $200 billion in its first decade, according to internal calculations by the Republican side of the Senate Budget Committee that were obtained exclusively by The Daily Caller.
GOP Senate Budget Committee staffers explained to TheDC that the estimates assume that the law’s provision capping total spending on exchange subsidies, which is set to begin in 2019, is enforced.
However, should the provision fall by the wayside, as some analysts believe it could, the staffers estimate the cost of Obamacare could increase between $210 billion to $300 billion over the next 10 years.
They add that if the capping provision is sustained, making millions of illegal immigrants eligible for Obamacare could also result in a benefit cut of approximately $1,100 annually for the average American receiving a subsidized benefit through the exchanges, which are now called “marketplaces” by the administration. (RELATED: Administration says “marketplaces” sounds better in Spanish)
Last March the minority side of the Senate Budget Committee estimated that Obamacare would increase unfunded obligations — or federal spending without a dedicated funding source — for federal health care programs by $17 trillion over 75 years, or from $65 trillion to $82 trillion.
Adding currently illegal immigrants, via a pathway to citizenship or other means, to Obamacare would further increase those unfunded obligations by another $2 trillion, based on their calculations.