|
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
|
|
|
Announcements
|