You're watching...
FBN's Liz MacDonald breaks down the CBO's projections for the cost of the new health-care law.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Well taxed to death and information about the Health Care Reform law showing the individual mandate tax -- hit many more Americans than originally thought Elizabeth MacDonald is here with in that it's.
Okay.
Yeah that's right -- the CBO now says six million of the uninsured.
We'll have to pay the new insurance mandate attacks and that it's two million more than initially expected.
Plus -- -- a cost five billion dollars more per year than initially thought for a grant told about eight billion annually.
Moreover the CBO analysis 80% of those six million -- -- -- tax sit right in the middle class but the families earning about a 123000.
Dollars a year.
Another reason for the jump.
More unemployed plus states could opt out of the law's Medicaid expansion.
And the CBO now says up to nineteen million out of -- thirty million who are uninsured.
They're going to be exempt from the new -- tax government exemptions are being handed out not -- -- -- -- Indian tribes.
But for individuals claim that tax critics quote hardship.
Or that -- violates religious beliefs Cheryl.
And -- lose even looking at the numbers you can read a balance -- like nobody else but I know I mean how Bible do you think these numbers -- projections are.
At this point.
You know answer your question because they seem to continue to rise.
The one thing that stood stood out sheriff on the projections is -- CBOs estimated that.
Two thirds of the tax revenue that the -- -- -- government is gonna get meaning that eight billion a year.
Two thirds of that is going to be paid for by families who make just 98400.
Dollars annually so that's a pretty big hit to the middle class Carol back to Elizabeth MacDonald you know the numbers thank you very much -- sure that I.
