Friday, April 23, 2010

Medical costs going UP, not down

Obamacare was sold to this nation after tricking the CBO with pinky-swear wink-wink promises that we'll cut a trillion dollars out of Medicare. Then the Obama Administration cited those estimates of "savings" as proof that the new health care legislation would reduce costs in the long run. Alas, the economists at Health and Human Services appear to live in the real world:
But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1% over 10 years. That increase could get bigger, since Medicare cuts in the law may be unrealistic and unsustainable, the report warned.
That "could" qualifier is classic. NRO has a list of the Democrats who based their votes on the sheer self-delusion - in defiance of history - that a huge new government entitlement would not, in the words of Charlie Wilson (D-OH) "add a dime to the deficit."

Extra - Flashback: "Paul Ryan v. the President."

More - Legal Insurrection: "The numbers were a lie all along."

And this - Pundit and Pundette notes that Congress didn't want to wait for the Medicare Actuary report. Now we know why.

1 comment:

Bram said...

Of course the savings were a lie!

This was always about control, not costs. So was the GM bailout. So is the banking bill. Cap and trade is also about control - not pollution.

None of it is necessary.