You know you’re inside the Beltway when a report from the Congressional Budget Office triggers a fusillade of tweets and punditry from partisans spanning the political spectrum. The CBO’s latest prediction on the budget and the economy devotes an entire appendix to the human and fiscal impacts of the Affordable Care Act, aka Obamacare.
Fox News host and business analyst Stuart Varney helped viewers make sense of some of the hefty numbers from the CBO. Talking with America’s Newsroom host Bill Hemmer, Varney explained that even though the deficit is expected to reach its lowest point of the Obama presidency, it will soon rise again.
"The major reason for this is Obamacare," Varney said. "New figures suggest that Obamacare will be much more expensive than we thought. It will cost $50,000 per enrollee in Obamacare over the next 10 years."
Varney’s claim about $50,000 per enrollee caught our eye because we’ve seen it all over the Internet and we wanted to see how accurate it might turn out to be.