Archive for March 14th, 2012

Get out your wallet: CBO says ObamaCare to cost twice the original estimates.

March 14, 2012

According to a new projection released by the Congressional Budget Office, ObamaCare will cost $1.76 trillion over a decade,  rather than the $940 billion forecast when it was signed into law.

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The CBO now projects  that more people will be obtaining insurance through Medicaid than it estimated a year ago at a greater cost to the government, but fewer people will be getting insurance through their employers or the health care law’s new subsidized insurance exchanges.

According to the Washington Examiner:

Democrats employed many accounting tricks when they were pushing through the national health care legislation.

The most egregious of the accounting tactics was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO’s standard ten-year budget window and, at least on paper, meet Obama’s pledge that the legislation would cost “around $900 billion over 10 years.”

When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

The projection for 2022, the last year available, indicate that the cost is likely to exceed $2 trillion over the first decade, or more than double what Team Obama advertised.

Surprise, surprise, surprise.

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Limiting “unlimited” cell phone plans … it’s called “throttling”

March 14, 2012

Late last year, AT&T started slowing down data service for the top 5 percent of its smartphone subscribers with “unlimited” plans — often to speeds slower than AT&T provides to subscribers on limited or “tiered” plans.

When slowed down, the phone can still be used for calls and text messaging, but Web browsing is painfully slow, and video streaming doesn’t work at all.

AT&T’s throttling of “unlimited” data comes as it tries to deal with limited capacity on its wireless network.

When the iPhone was new, AT&T had ample capacity on its network, and wanted to lure customers with the peace of mind offered by unlimited plans.

One ‘throttled’ subscriber took AT&T to court … and won !

Judge Awards IPhone User $850 In Throttling Case

When AT&T started slowing down the data service for his iPhone, Matt Spaccarelli took the country’s largest telecommunications company to small claims court. And won.

His award: $850.

The judge said it wasn’t fair for the company to purposely slow down his iPhone, when it had sold him an “unlimited data” plan.

Verizon Wireless and T-Mobile USA also throttle users, but their policies are gentler.

Verizon only throttles if the specific cell tower a “heavy user” subscriber’s phone is communicating with is congested at that moment.

Thanks to TH for feeding the lead.

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