3 Reasons Health Care Reform Won’t Cut The Deficit By One Thin Dime.
One of the main selling points of health care reform was that it would cut the federal deficit by a supposed $143 billion over the next decade and a trillion-plus dollars in the one after that.
But not only will the legislation not cut one thin dime from the deficit, it will also certainly cost far more than the $940 billion in new spending already on the table for at least three reasons.
These include:
1. Legislative Trickery. Congressional Democrats have pledged support for “the doc fix,” a permanent upward adjustment to the rates at which Medicare providers are reimbursed. As Speaker Nancy Pelosi has said, “We have made a commitment to do this. This is very important.” The cost of the “doc fix”? Some $247 billion over the next 10 years, wiping out any deficit reduction from health care reform.
2. HIgher Premiums. In 2006, Massachusetts passed health care reform very similar to what President Obama just signed. The result? The Bay State now has the highest premiums in the country and cost about 33 percent more than expected.
3. Bad Accounting. The government is terrible at predicting how much programs will cost, especially when it comes to medical care. Initial 1960s’ projections of Medicare’s costs in 1990 had the program costing about $12 billion; the actual result was almost 10 times that amount. As a Joint Economic Committee report notes, “Major health care proposals have almost always cost more…than the highest cost estimates published while the legislation was pending.”
Approximately 2.19 minutes. Written and produced by Meredith Bragg, Dan Hayes, and Nick Gillespie, who also hosts.
Read more about health care reform and its costs at http://reason.com/topics/health-care
Duration : 0:2:20
@maxmariesutube …
@maxmariesutube Truth hurts?
Social Security, …
Social Security, Medicare, Medicaid, The Post Office, AmTrak; all broke because of government mismanagement and now this unconstitutional health care boondogle. When will the people learn that goverment can’t run anything properly?
ReasonTV… is this …
ReasonTV… is this FOX:es online channel? What garbage..
@jfitguru08
I was …
@jfitguru08
I was not saying that U.S medical care is bad (it’s one of the best) ,just that the system around it is kinda corrupt :/
wtf is going on?
…
wtf is going on?
Does anyone really know? Or all we all just falling for the crap that every side of political spectrum is throwing?
We’re all screwed. Everyone is a liar. There is no solution.
Forced coverage?!?! …
Forced coverage?!?!? People have NO MONEY.
The intention of this bill had nothing to do with health care and everything to do with dependency.
@FamousDave2186 …
@FamousDave2186 excellent point
@Paybacksoon …
@Paybacksoon Chinese communist are NOT becoming more capitalistic. All the banks belong to government, all foreign investment HAVE to take on a “Chinese partner” and share secrets as part of the deal. ALL land belongs to the government, when you buy a house/apartment, you only lease it for about 80 years then it automatically goes right back.
But yeah Obama is a socialist.
People tell me that …
People tell me that Socialism isn’t all that bad. But what do you do when you run out of other people’s MONEY?
The 2 problems with …
The 2 problems with health care in the US are access and cost. This bill deals with access. Considering how hard it was to get a 2000 page bill passed…it’s logical to assume a larger bill that dealt with both access & cost would have been impossible to pass.
Cost (by necessity) will have to be dealt with in the future (hopefully the near future). But, half of the job is now done.
It will not be pretty overhauling our increasing more dysfunctional health care system…but it is necessary.
Not overly …
Not overly successful, most in trouble. And they spend nothing for their defense, relatively speaking, because they are under our umbrella of protection. Let them pay to defend themselves and they would have been totally bankrupt years ago, collapsing under their socialist ideas. Or, more likely, they’d all be speaking Russian.
wow,, can someone …
wow,, can someone please point out to me one thing that the government has ever done that gives you confidence in this bill????
B.Obamas Health …
B.Obamas Health Care Legislation…. Will it help american people. . . ? American opinion’s must be voiced!!! Go to my you tube channel and find out more.
granted the …
granted the healthcare reform right now may not be perfect..but i think its a step in the right direction…but me being 19 and almost being kicked off my parents insurance because i cant pay for school right now
paage 1600 of the …
paage 1600 of the 2400 page health care bill contains a 500 million provision for a new institute over and above the FDA, the CDC and other existing agencies. These details are coming out now…..still think that this reform is going to reduce spending?…these treacherous senators and congressman have staked out expenses even before the treasury has any evidence of increase in tax receipts
@x11115
lol
@x11115
lol
As a soldier, I …
As a soldier, I find it pretty amazing that Republicans are making such a fuss over being forced to purchase health insurance because it “infringes their freedom.” Why weren’t any of you raising a fuss when Bush announced that he was going to infringe on soldiers’ contracts by implementing his “stop loss” policy so he could wage his pointless war in Iraq? Why do you complain about costs associated with Obama’s plan but spending trillions in Iraq was acceptable? hypocrites
i think the US …
i think the US should try to look at other countries who have done this sucessfully such as France or Australia. Everyone has healthcare however, taxes are much higher (about 40%) i think this is reasonable thing to pay just to live
And then wherever …
And then wherever you try make cuts will just push it off to some other place. Nobody is just going to accept cuts with open arms.
It’s proven that no …
It’s proven that no prescription drug has ever cured any disease. Yet it is law that a prescription drug must be used to treat, prevent, or cure a disease. Notice they use cure even though no prescription drug has ever cured a disease. Yet pot a recreational drug may be able to cure cancer. Harvard studies prove marijuana shrinks cancer cells and many say they have cured themselves of cancer such as Rick Simpson. Disease is a big monopoly for the medical industry.
Get rid of the …
Get rid of the insurance companies and medical cost would go down by +50%. It doesn’t make sense to shell out 1000 a month for the family when you can put that money in the bank. The cost without the insurance staff that the hospital has to have and other mark ups would dramatically reduce the cost. Plus we don’t need all those prescriptions. They make you take them because it’s a cash cow. If a doctor tried to give me drugs I would tell him to off unless it was for short term pain.
Don’t think so. …
Don’t think so. Your people always and moan for less GOV but you want to tell me when to pull the PLUG on Granny i don’t think so, plus we already did that in 1996. Your buffons always talk about GOV letting us decide what to do with our lives that’s why people and there families should decide not you. And i should also decide along with my DOC what DRUGS are best for me AKA MARIJUANA which i smoke for reasons only me and my DOC know.
Howard Stern
Dear Howie, I think …
Dear Howie, I think you’ve forgotten that maybe the plug should be pulled on people like you. That would save trillions. Ignorance, selfishness, greed, hate and moral superiority, is the root of every economic collapse.
Good video. Also …
Good video. Also see you tube video, “severely autistic boy beaten by big government part two” will make you angry and laugh
We have to start …
We have to start putting people to sleeeeep like a lot of my friends are doing with there family members. It’s better to pull Plugs than continue to DISH out Welfare–Social Security–Suplemental Security Income–GOV pensions–VA checks to name a few. Euthanasia will save Billllions.
Howard Stern