Archive for ‘obamacare’

August 1, 2011

NEW PROJECTIONS ON OBAMACARE: “Instead of “bending the cost curve,” the new law will only increase government health spending and the number of Americans who will depend on taxpayer-subsidized, government-controlled coverage.”

HERITAGE: “Yesterday, the Centers for Medicare and Medicaid Services (CMS) released its new projections of national health spending trends through 2020. The findings, which estimate health care spending to reach more than $4 trillion by 2020, come as no surprise: Runaway spending has overtaken the United States health care system and is on the rise. More notably, the study confirms Obamacare does not “bend the cost curve” but only increases government’s share of spending in the health care system instead.

Already, the White House has tried to spin the report as a victory for its health care legislation. Writing for the White House Blog, White House Deputy Chief of Staff Nancy-Ann DeParle touted the all-time low growth rates of the past two years. Indeed, in 2010, health care spending remained an unchanged (yet still breathtakingly large) 17.6 percent of gross domestic product (GDP). In dollars, the nation was estimated to have spent $2.6 trillion, growing by a new historic low of 3.9 percent from the previous year. But as the authors explain, the reason for decelerated spending was the economic downturn and the impact high unemployment had on reducing private coverage—nothing to cheer about. Reduced payments to private plans under Medicare Advantage also contributed to a decrease in Medicare spending.

As the economy recovers and the major provisions of Obamacare kick in, national health spending is projected to grow at quite a clip—increasing, on average, 5.8 percent each year. By 2020, the nation will spend $4.54 trillion on health care, or close to 20 percent of GDP. (For the sake of comparison: In 2010, federal tax revenue totaled 14.9 percent of GDP, and all federal spending combined amounted to 23.8 percent of GDP.)

The most striking impact of Obamacare is its enormous expansion of the role of government in the health care system. The new law increases government health spending by adding as many as 25 million Americans to Medicaid….

[Read more  of “CMS Projections Confirm Runaway Health Care Spending” at heritage.org]

June 29, 2011

IN MAINE OBAMA CAN’T EVEN GIVE AWAY OBAMACARE (BUT I’M SURE IT’LL BE SELLING LIKE HOTCAKES ANY DAY NOW)

BANGOR DAILY NEWS: “Barely a dozen Mainers have signed up for an insurance plan that covers pre-existing conditions, which has been available in the state for nearly a year.

The Portland Press Herald says only 14 people have subscribed to the plan, which was created by the national Affordable Care Act and is administered in Maine by Dirigo Health.

The federal Centers for Medicare and Medicaid Services, which oversees the plan, is trying to get the word out that the coverage is available. But interest by subscribers has fallen short in Maine as well as the rest of the country.

[Read Peter Suderman’s “In Maine, ObamaCare’s New High Risk Pool Attracts Just 14 Enrollees”  at reason.com]

May 23, 2011

Obama’s Cousin: “If Obamacare is such a great law, why does the White House keep exempting its best friends from it?”

“Selective enforcement of the law is the first sign of tyranny. A government empowered to determine arbitrarily who may operate outside the rule of law invariably embraces favoritism as friends, allies and those with the best-funded lobbyists are rewarded. Favoritism inevitably leads to corruption, and corruption invites extortion. Ultimately, the rule of law ceases to exist in any recognizable form, and what is left is tyranny.” [WASHINGTON TIMES]

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