Search This Blog

Thursday, March 15, 2012

Obamacare revisited

I've written before about the many flaws in this enormous and poorly crafted bill; chief among them being that costs are not lowered as promised and in fact the costs are pushed up by adding insult to injury on cost drivers in medicine! That and making it more difficult for doctor and the medical community to provide quality care because of the nature of new regulations and low reimbursements. Once the ten years are up (from the budget analysis), Obamacare will never be even close to solvent again. Instead it will add trillions, probably annually, to our ballooning deficit, already equal to our entire GDP (over $15T), this while our debt per capita is worse than that of Greece. Scary times financially to be adding enormous costs with more entitlement programs of any kind, simultaneously with rises in Medicare and Social Security costs and no reforms on the horizon.

A new cost analysis published in the Washington Examiner shows that Obamacare is much more expensive than previously thought even over the ten year interval. Surprise, surprise. Here is Rush's synopsis of the CBO report, which he quotes.
CBO cannot make assumptions. The Congressional Budget Office can only score the cost of legislation based on the input or the data that they are given from members of Congress. Of course, it's "garbage in, garbage out." The data was flawed, and here's the proof: "President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law. Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which 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.'"
Yup. We're doomed nationally to follow Europe with our eyes wide open and never be a prosperous nation again if we don't repeal this bill in entirety. The Supremes may strike it down, but probably not the whole thing. This reason alone is the single most important reason we need to vote against Obama in 2012. We want to preserve our country as it has existed for hundreds of years - prosperous and a land of freedom. We want to be able to enjoy our rights to life, liberty and the pursuit of happiness. We can't do that if our country's debt and spending practices and regulatory burdens are preventing prosperity.




No comments:

Post a Comment