Democrats who pushed Obamacare through Congress over widespread outrage over what the bill would do both to civil society and the federal budget, used a variety of accounting gimmicks to make the cost seem less than it would be. For instance, the law won't be fully implemented until 2014 so the 10-year projection of costs didn't tell a story based in reality. The press went along with this, of course, and reported that the health care insurance law would cost $940 billion over 10 years.
Phillip Klein at the Washington Examiner reports:
Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
Americans continue to express their dislike of this bill. The regulatory machine on steroids that was created by this bill is rolling along anyway, now adding violation of religious liberty to its list of wrongs.