Thursday, July 16, 2009

CBO: ObamaCare won't reduce health care costs

The Congressional Budget Office again hands the Democrats a massive dose of reality:
The health reform bills released so far would increase government spending on health care without sufficiently reining in health care costs.

And at least initially they aren't likely to significantly lower premiums for the majority of Americans with employer-sponsored health insurance.

That's the sobering takeaway from testimony Thursday by Congressional Budget Office Director Douglas Elmendorf.
Although ObamaCare won't reduce health care costs, it will increase taxes (although last year the Obama campaign promised they wouldn't do such a thing) and it will increase the national debt, so that's a benefit, right?

ObamaCare will also fine people who don't buy health insurance, regardless of how expensive health insurance gets.

1 comment:

  1. Putting a fine on people who don't choose health care is ridiculous. Seriously, will he also define what health care coverage we must have? And, how are you going to enforce that?

    There are many who don't have health insurance because they make enough or rarely go to the doctor to warrant coverage. They can pay as they go. College students and financially free individuals can do that. So, do they have to pay a fine because it doesn't make financial sense to have it?

    My family changes options every year depending upon what we forecast will be the needs for health care. Sometimes we have dental and eye coverage, sometimes we don't. Under these laws, we're going to be forced to have coverage, even if we determine a low need for such coverage?

    Why would people want the government to determine what they have to spend their money on? It makes no sense.