Tuesday, January 12, 2010

ObamaCare's Upward Cost-Bender

Not surprising.

Richard Foster, the chief actuary for the Centers for Medicare and Medicaid Services, reports that under his analysis national health spending will rise under the bills by $222 billion over the next 10 years.

Actually, it's worse than that.

...Because "most of the coverage provisions would be in effect for only six of the 10 years of the budget period, the cost estimates shown in this memorandum do not represent a full 10-year cost for the proposed legislation," he writes. The report is punctuated by phrases like "unrealistic" and "doubtful,...

There's more. Some hospitals are likely to go banko with Medicaid patients and the 'long-term care' part of the bill is likely to be banko before 2025.

This is the crap that Rusty Feingold defends as 'necessary.' Rusty, of course, knows better than you--or the other 56% of Americans who think Obamacare is a pile of garbage--so he's going to vote for it.

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