UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: fleg9bo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4090  
Subject: ObamaCare's gifts to your kids Date: 4/10/2012 2:48 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Higher deficits and higher health-care costs.

http://reason.com/archives/2012/04/10/no-obamacare-wont-redu...

The health law's backers relied on — and are still hiding behind — government budgeting conventions in order to argue that the law will result in lower overall deficits relative to expectations about the current fiscal trajectory. No matter how you run the numbers, the law can be expected to increase both total federal health spending and deficits.

That's the conclusion reached by Charles Blahous, a Medicare Public Trustee, in a new paper for the Mercatus Center at George Mason University.

Blahous ran the law through three possible futures. The first is an "optimistic scenario" in which all of ObamaCare's hoped-for cost savings, including both those many suspect are "politically implausible" and even "some additional savings not scored by the CBO"...

In every single scenario — from the most optimistic to the most historically consistent — Blahous finds that health spending increases. So do federal deficits.
____________________

--fleg
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
iPIG Portfolio

Something Had to Change
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement