Obamacare won’t control health costs

Posted on: August 18, 2011

Finally, President Obama acknowledged that Obamacare won’t control costs. According to an article written by Philip Klein, Senior editorial writer of the Washington Examiner it is undeniable that health care inflation — which helps drive the ballooning cost of Medicare and Medicaid — is the most significant fiscal challenge we face. The problem is, the health care plan that Obama rammed through Congress ended up making our problems worse, as it relied on the very type of accounting tricks he decried.

To make the legislation appear cheaper over the standard 10-year budget window, Obama and his Democratic allies delayed the major spending provisions until 2014. To be able to claim modest deficit reduction, they turned to other gimmicks. For instance, a new long-term care program, the Class Act, will collect years of premiums before paying out benefits — thus producing an $86 billion surplus on paper over the next decade, even though it will actually create deficits over time.

The Centers for Medicare and Medicaid Services estimated that, all told, the law would actually increase America’s spending on health care as a share of the economy by more than if we simply had done nothing to address the problem.

Beyond this, there was opportunity costs involved in Obama’s approach. The law raised taxes and made cuts to Medicare, but instead of using the money for deficit reduction, it was plowed into a new entitlement. The health care law will spend nearly $1.4 trillion in its first eight years of full implementation alone (2014 to 2021), according to the Congressional Budget Office.

The president now says that the chief barrier to tackling the debt is that Republicans in Congress won’t agree to a “balanced approach” of tax increases and spending cuts. But when his party controlled Congress, with a filibuster-proof majority in the Senate, Obama didn’t push for the kind of deficit-reduction plan he now claims to support.

My question to you is, would you vote for a someone who wants to raise your taxes? Of course not! Then why do you buy Obama’s “balanced approach” idea. What he wants to do is raise taxes so the government can spend more. That’s like if you take a second job just to spend more money instead of either paying off your debt or save money for the future.

How hard it that idea to understand?

But now with Obamacare you may have to have a second job to pay for increase medical premium costs because Obamacare was never about reducing health care spending, it is a failed attempt to sell national health care — a longtime liberal dream — to a broader audience.


3 Responses to "Obamacare won’t control health costs"

Th cost is not the most significant problem. Given an 8 hour workday, the increase in paperwork for the nurse or therapist consumes more hours, and thus, less hours for the patients. So you get less medical attention at a greater cost.
This situation is always the result of additional regulation. I am related to the industry, and for a practitioner to give the same patient care, they need to work overtime without pay.

What is the different between the Obama health plan and Hillary Clinton’s plan?Are they willing to sacrifice their seats for Obama’s Health Care?

I simply mentioned that just a few days ago!!!

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