"Now, I just want to repeat this because there's so much misinformation about the cost issue here. You talk to every health care economist out there and they will tell you that whatever ideas are -- whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill."
-- Barack Obama, December 15, 2009 --
"There is no way Obama can improve the quality of health care, provide it to nineteen million additional Americans who have no coverage - for free - reduce the federal deficit, and cut the cost of health care for everyone else. No way."
-- Jerry Fuhrman, December 16, 2009 --
"This will be the largest deficit reduction plan in over a decade."
Finally, someone has explained the facts of life to our president:
Class DismissedSo the "Obama's health plan will reduce the deficit" argument finally crumbles.
HHS pulls the plug on one of ObamaCare's main fiscal illusions.
Wall Street Journal editorial
Late Friday afternoon, naturally, the Obama Administration formally conceded that it had shut down one of the Affordable Care Act's major new entitlement programs. The Department of Health and Human Services had already closed down the office in charge of creating this insurance program for long-term care last month. But HHS Secretary Kathleen Sebelius's act of fiscal damage control is still a welcome if overdue admission that ObamaCare's claims of deficit reduction were always an illusion.
During the health-care debate Washington insisted on treating CBO's cost estimates as if God Himself had carved them into stone tablets, but as [the Class Act's] mercy killing shows all they proved was that Democrats were good at manipulating its assumptions and synthetic budget conventions. HHS's own experts were warning Democrats all along that Class was a fiscal time bomb, so including it in the bill was a special act of fiscal corruption.
Ms. Sebelius contended yesterday that ObamaCare will still "reduce the deficit," and we're eagerly anticipating the day when reality forces her to dump that falsehood too. [link]
Crumbling at the same time is the contention that it will reduce the average American's health care bill. See "Health Insurance Costs Rising Sharply This Year, Study Shows" in last month's New York Times.
And add to all that the fact that the Supreme Court will soon void ObamaCare's core funding mechanism - the "individual mandate."
Thus you end up with nothing more than another Democrat entitlement plan for the poor. A very costly one for the rest of us. One that we can no longer afford.
ObamaCare. It's time to put this dying animal out of its misery. Kill it. And do what Obama planned on doing when he was a candidate for high office and not the leader of the free world - solve America's health care cost problem.