My question to the left is, you really bought into that? Please someone tell me the last government program that ended up spending less than what they thought it would. It never happens and in truth, it CAN'T happen. The methods, processes, and people that are in government are specifically suited to spending more than they should.
“In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year….. We’ll do it by the end of my first term as President of the United States.” Unfortunately, the experts working for Medicare’s actuary have (yet again) reported that in its first 10 years, Obamacare will boost health spending by “roughly $621 billion” above the amounts Americans would have spent without this misguided law.
What this means for a typical family of four
$621 billion is a pretty eye-glazing number. Most readers will find it easier to think about how this number translates to a typical American family—the very family candidate Obama promised would see $2,500 in annual savings as far as the eye could see. So I have taken the latest year-by-year projections, divided by the projected U.S. population to determine the added amount per person and multiplied the result by 4.
Interactive Guide: What Will Obamacare Cost You?Uh huh. So again, I ask, who bought into the $2500 savings? And how many times do you have to slam your hand in a car door before you realize it hurts? By the way, don't really do that. The cost of fixing that hand will be too much.
Simplistic? Maybe, but so too was the President’s campaign promise. And this approach allows us to see just how badly that promise fell short of the mark. Between 2014 and 2022, the increase in national health spending (which the Medicare actuaries specifically attribute to the law) amounts to $7,450 per family of 4.
Some of the Obamazombies have been already claiming that Obamacare has slowed down health care costs since its inception. Impressive since nothing has really taken effect until this year and the lion's share of the law kicks in this month. But correlation has always indicated causality in their minds. Problem is:
An important takeaway from these new projections is that the CMS Office of the Actuary finds no evidence to link the 2010 health care law to the recent slowdown in health care cost escalation. Indeed, the authors of the projections make it clear that the slowdown is not out of line with the historical link between health spending growth and economic conditions (emphasis added).Ah, oh. Whoops. So sure, if people have no jobs and no money, they probably aren't going to the doctor as much and getting as many prescriptions. Anyone want to hazard a guess what's going to happen in 2014? Oh boy I can't wait.
When you pass a law that is 20,000+ pages, there is no way that this doesn't put a burden on everything it touches. How can it NOT increase costs?
|ObamaCare. How many trees died for this? How many people will die for this?|