News
| Report: Health care repeal costs billions |
| Without law, deficit would rise by $230B |
| Published Thursday, January 20, 2011 6:50 am |
RALEIGH – Peering through the mud to find facts during a turbulent political season can be difficult at best – especially when it comes to health care reform. Republicans, who now control the U.S. House, have pledged to repeal the new law, calling it a “budget-buster.”
However, Joanne Grossi, a regional director for the U.S. Department of Health and Human Services, disputes the claim that health care reform is too costly.
“It was actually estimated that without health care reform, by the year 2040, a full one-third of our gross domestic product would be going to health care costs.”
Earlier this month, several lawmakers who favor repealing the Patient Protection and Affordable Care Act, including new House Majority Leader Eric Cantor, released a report entitled “ObamaCare: Budget-Busting, Job-Killing Health Care Law.”
Grossi points to the politically neutral Congressional Budget Office report that estimates the new health care reform law will save at least $230 billion over the next 10 years.
“Anyone who believes that repealing this will save the government money, they’re wrong. We really have true, nonpartisan estimates that health care reform is actually going to save us money.”
In News: Obama faces GOP fiscal challenge
However, Joanne Grossi, a regional director for the U.S. Department of Health and Human Services, disputes the claim that health care reform is too costly.
“It was actually estimated that without health care reform, by the year 2040, a full one-third of our gross domestic product would be going to health care costs.”
Earlier this month, several lawmakers who favor repealing the Patient Protection and Affordable Care Act, including new House Majority Leader Eric Cantor, released a report entitled “ObamaCare: Budget-Busting, Job-Killing Health Care Law.”
Grossi points to the politically neutral Congressional Budget Office report that estimates the new health care reform law will save at least $230 billion over the next 10 years.
“Anyone who believes that repealing this will save the government money, they’re wrong. We really have true, nonpartisan estimates that health care reform is actually going to save us money.”
In News: Obama faces GOP fiscal challenge
Comments
| http://www.nationalreview.com/articles/257625/why-everything-starts-repeal-charles-krauthammer Explains most of the budget tricks and phony math the Democrats are spouting. |
| Posted on January 21, 2011 |
| Idiotic . . . how can something that has never produced 1 penny cost billions . . . your idiots . . . you just said the chicken that died would have laid 1,000 eggs over it's life. You got to be kidding me . . . you actually believed that crap. Wake up fools!!! |
| Posted on January 20, 2011 |
| CBO and their artificial math. Collect revenue for 10 years and spend for 6 years and see if you can break even. Dr deferred reimbursements are Medicare reimbursement deductions totalling $200B. Add in an unrealistic 2% medicare expansion for 20 years (7 points off actual) and stir in a reduction in medicare payments of 21%... Congrats, you've cooked up the numbers to make them say whatever you want. Once you boil the numbers down, then you have to toss in the fact that the CBO estimated that medicare would cost *only* 9 Billion by 1990, when the number was actually $67B and is now $521B. Obviously they can't forcast either. The CBO does nothing more than quantify the garbage that congress tosses at them. If they leave things out, the CBO can't point it out, they can only continue to quantify baloney. |
| Posted on January 20, 2011 |
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