Thursday, April 22, 2010

ObamaCare cost update

John Hasnas, a super guy I met while in college, wrote the following about being a libertarian:
Being a libertarian means living with an almost unendurable level of frustration. It means being subject to unending scorn and derision despite being inevitably proven correct by events.
I think about that quote a lot lately, especially when I read stuff like this:
President Barack Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.

A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million Americans to the coverage rolls.

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 percent over 10 years. That increase could get bigger, however, since the report also warned that Medicare cuts in the law may be unrealistic and unsustainable, forcing lawmakers to roll them back.
The health care reform bill passed earlier this year was a sham and deception of epic proportions. Any legislator who voted for it out of a deep-held belief it will improve the country's fiscal standing should immediately resign their office, as they are obviously too mentally incapacitated to fulfill their duties.

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