Barack Obama's health care plan will cost more but still fail to accomplish its goal of covering all Americans, according to the non-partisan Congressional Budget Office.

According to our preliminary assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010-2019 period. When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million.

These new figures do not represent a formal or complete cost estimate for the draft legislation, for several reasons. The estimates provided do not address the entire bill—only the major provisions related to health insurance coverage. Some details have not been estimated yet, and the draft legislation has not been fully reviewed. Also, because expanded eligibility for the Medicaid program may be added at a later date, those figures are not likely to represent the impact that more comprehensive proposals—which might include a significant expansion of Medicaid or other options for subsidizing coverage for those with income below 150 percent of the federal poverty level—would have both on the federal budget and on the extent of insurance coverage.

In other words, that trillion dollar expenditure will still leave one-in-ten Americans uninsured -- meaning that it will only reduce the rate of uninsured Americans by about 7%. What's more, the result will be fewer health care choices and greater government control of health care options for those who are insured. Seems to me that this is indicative of the reality that ObamaCare is an EPIC FAIL.

H/T Hot Air