CBO: New 10-year projected cost of ObamaCare is … $1.76 trillion

posted at 6:48 pm on March 13, 2012 by Allahpundit

Via Philip Klein. The original 10-year price tag, the one that made it “safe” (but not really safe) for Democrats to drop this fiscal atomic bomb, was $940 billion. What happened, you ask? Well, see for yourself:

Remember, they gamed this thing so that it wouldn’t take effect until 2014, which means that the cost of the first four years of implementation was essentially zero. That $940 billion figure really represented just six years of cost, not 10, but it was politically invaluable to Democratic messaging in letting them tout the bill as costing less than a trillion dollars. Now that we’re nearing 2014 and the 10-year window of cost projections has slid forward, you can see what this leviathan boondoggle really costs: $1.76 trillion, soon to top $2 trillion when the window slides forward another year in 2013 and the new projection reaches into 2023.

But wait. More good news:

President Obama’s healthcare reform law coverage provisons will cost less but cover fewer people than first thought, the nonpartisan Congressional Budget Office said Tuesday.

The revised estimate of the law’s coverage provisions shows about 2 million fewer people gaining coverage by 2016, reducing the number of uninsured Americans by 30 million instead of the 32 million projected a year ago. That would leave about 27 million people uninsured in 2016, two years after the law’s insurance exchanges go online.

Four million Americans can expect to lose their employer-provided healthcare by 2016, according to the revised figures, far more than the 1 million people estimated last year. And 1 million to 2 million fewer people will gain access to the law’s subsidized exchanges than first thought, while an extra 1 million are expected to qualify for Medicaid and the Children’s Health Insurance Provision (CHIP).

Thanks to the economy, we’re going to end up with a lot fewer people getting health insurance through the workplace than previously estimated and a lot more people getting it through Medicaid, which, as Klein notes, inches us a little closer to that government takeover of health care that the left insists is a conservative myth. In fact, the only “good news” here is that projected revenue from penalties imposed on employers and the uninsured is up slightly, which means the net cost of O-Care has dropped by $48 billion to a cool $1.2 trillion over the next 10 years. But don’t worry: We’re going to pay for that with cuts to Medicare and other stuff that’ll never, ever, ever, ever, ever happen in the real world. He’ll figure it out in his second term. Stay tuned.


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Has Bayam been in yet to carry Obama’s water?

CW on March 13, 2012 at 7:58 PM

Unexpectedly.

talkingpoints on March 13, 2012 at 7:59 PM

Amazing! Someone at CBO got a working calculator. Finally…

riddick on March 13, 2012 at 8:00 PM

The government already forces you to purchase others health care why not your own.

Mormontheman on March 13, 2012 at 8:02 PM

The government already forces you to purchase others health care why not your own.

Er, it forces you to pay taxes. It does not now nor has it ever forced Americans to enter into third-party contracts for the provision of government-approved goods or services as a condition of good citizenship.

If the Federal government can force you to purchase health insurance, it can mandate that you do anything it wishes. As every hearing thus far has demonstrated, the government is incapable of articulating a limiting principle for the power that it seeks.

Resist We Much on March 13, 2012 at 8:07 PM

They’re just trying to get it up to $1.776 billion. Once it’s there, we’ll be accused of being unpatriotic for not supporting it

mjgrazi on March 13, 2012 at 8:10 PM

The government already forces you to purchase others health care why not your own.

Mormontheman on March 13, 2012 at 8:02 PM

Neither are Constitutional.

CW on March 13, 2012 at 8:11 PM

One more thing, CBO, like the rest of the government, uses the fraudulent “baseline” principles to calculate government spending/savings. It also takes in to account growth in the economy estimates. The economy has to grow by X amount to have a deficit/surplus of Y amount. If the economy continues to be anemic, and there is no indication that it won’t be improving, then the deficit for the likes of Obamacare will increase and probably quite dramatically.

Besides, since when has any big government program only cost, or cost around, the amount the politicians promised it would? And there is any real surprise about Obamacare because…?

Weebork on March 13, 2012 at 8:11 PM

Oops on the double-negative there.

Weebork on March 13, 2012 at 8:12 PM

The maths. It is hard.

Christien on March 13, 2012 at 8:16 PM

Ha! If you follow the 2010 link above, you’ll be treated to a blast of AnnInCA nostalgia.

What the hell ever happened to her?

Chuck Schick on March 13, 2012 at 8:17 PM

Well, we know this NOW, but we had to pass the bill to find out what’s in it.

The Rogue Tomato on March 13, 2012 at 8:17 PM

Here’s the part that makes no sense to me:

While the coverage provisions still add to the deficit, the law in its entirety cuts the deficit because of unrelated provisions, including $500 billion in cuts to Medicare spending.

The 10 year cost just jacked up $800 billion, mostly by rolling off the first 2 years where there was little spending.

The original “deficit reduction” was about $120 billion.

So for it to still cut the deficit, there must be a massive accompanying increase of cost savings at least equal to $680 billion.

So where and what is it? Because they sure as hell aren’t cutting medicare or medicaid.

Chuck Schick on March 13, 2012 at 8:21 PM

The day that close up image of Obama is not used on this board, I would donate $1.00 to SARAHPAC. Sheeesh obsessed much?

0bamaderangementsyndrom on March 13, 2012 at 8:22 PM

The government already forces you to purchase others health care why not your own.

Mormontheman on March 13, 2012 at 8:02 PM

If you are a socialist your post makes sense…or if you were a governor that created such a monster it makes sense…to all others, it’s a disaster.

right2bright on March 13, 2012 at 8:23 PM

Whaaaaat? I’m shocked, shocked I tell you.

chewmeister on March 13, 2012 at 8:24 PM

Yes, I know. Conventional wisdom in the Liberal world is that the recent job growth is bad news for Republicans. However, it is exactly to the contrary and here is why: In Obama’s first two years in office, the Democrats had full control of Washington with solid majorities in both houses of Congress and a new President who won a mandate to run the country as he wished. In those two years – from February 2009, Obama’s first full month in office and the month the Stimulus was signed, until and including November 2010 the month of the midterm elections, the country lost 3,713,000 million jobs. However, with their wins in November 2010, the Republicans killed the President’s power in the House and reduced it in the Senate. The Results? The economy, without all those crazy “pass-this-bill-now” jobs measures, gained a total of 2,471,000 jobs in the fifteen months starting in December 2010.

http://gestetnerupdates.com/

Weird how the downfall bloomed with the big 2006 Democratic wins and the rise started with the Pubs accomplishments in 2010.

CW on March 13, 2012 at 8:25 PM

Guys dont worry it will save us money!

Dash on March 13, 2012 at 8:25 PM

At least one person thinks we’ve already made that choice.

ElectricPhase on March 13, 2012 at 7:09 PM

Given the choice – we chose WELL!

Let’s hope we do it again on Nov 6th – this is a journey, not an event!

NeoDawg on March 13, 2012 at 8:25 PM

The day that close up image of Obama is not used on this board, I would donate $1.00 to SARAHPAC. Sheeesh obsessed much?

0bamaderangementsyndrom on March 13, 2012 at 8:22 PM

Oh, there’s lots more. Time for a donation.

chewmeister on March 13, 2012 at 8:26 PM

Current European tax rates:

United Kingdom
Income Tax: 50%
VAT: 17.5% TOTAL: 67.5%

France
Income Tax: 40%
VAT: 19.6% TOTAL: 59.6%

Greece
Income Tax: 40%
VAT : 25% TOTAL: 65%

Spain
Income Tax: 45%
VAT: 16% TOTAL: 61%

Portugal
Income Tax: 42%
VAT: 20% TOTAL: 62%

Sweden
Income Tax: 55%
VAT: 25% TOTAL: 80%

Norway
Income Tax: 54.3%
VAT: 25% TOTAL: 79.3%

Netherlands
Income Tax: 52%
VAT: 19% TOTAL: 71%

Denmark
Income Tax: 58%
VAT: 25% TOTAL: 83%

Finland
Income Tax: 53%
VAT: 22% TOTAL: 75%

http://jayforde.com/socialist-nation-tax-rates-whats-in-store-for-america/

DanaLynn on March 13, 2012 at 8:27 PM

DanaLynn on March 13, 2012 at 8:27 PM

What’s your point? We should emulate Europe?

chewmeister on March 13, 2012 at 8:30 PM

Dana brings the red herring

tom daschle concerned on March 13, 2012 at 8:35 PM

0bamaderangementsyndrom on March 13, 2012 at 8:22 PM

LOL! No irony in your name.

Cindy Munford on March 13, 2012 at 8:35 PM

chewmeister on March 13, 2012 at 8:30 PM

Since the link is titled “socialst nation tax rates what’s in store for america” I dont think the point was to emulate them.

Dash on March 13, 2012 at 8:36 PM

http://jayforde.com/socialist-nation-tax-rates-whats-in-store-for-america/

DanaLynn on March 13, 2012 at 8:27 PM

And yet you won’t find that in any factual material about USA. Why bother with facts when you can simply be a deranged “walker”/”zombie” scaring folks with your ideas. DOW now well above 13K+, from a low of 6400-. If the business community expected USA taxation rates to raise drastically to EURO levels I doubt very much their outlook will be so bullish.

0bamaderangementsyndrom on March 13, 2012 at 8:36 PM

Do the libs ever get tired of proving us right? This is no shock to those of us paying attention a couple years ago.

tdpwells on March 13, 2012 at 8:40 PM

If the business community expected USA taxation rates to raise drastically to EURO levels I doubt very much their outlook will be so bullish.

0bamaderangementsyndrom on March 13, 2012 at 8:36 PM

According to the OECD, the United States has the highest combined corporate income tax rate in the world at 39.21%, which will rise to 46.2% in 2013 before any Obamacare taxes or new taxes under Obama.

The average corporate tax rate in the “SOCIALIST” EU is 23.2% and the highest combined corporate income tax rate in the EU is 33.9% in Belgium, which hasn’t even had a government in over a year.

“COMMUNIST” China’s combined corporate income tax rate is 25%.

In “PROGRESSIVE” Canada, the corporate tax rate is 15%.

Big Government Robs The Middle Class Because That’s Where The Money Is!

And, for more on European taxes:

The Non-Existent Stairway To Socialist Heaven In Sweden

Hey, Progs! Wanna Be Like Europe? How ‘Bout You Start By Eliminating Estate Taxes?

Resist We Much on March 13, 2012 at 8:48 PM

But, by all means, let’s nominate the one clown who can’t so much as make a peep in protest about Obamacare without diving in the polls. Sheesh!

Knott Buyinit on March 13, 2012 at 8:49 PM

DOW = precise indicator of economic health of United States

You wingnuts.

Bishop on March 13, 2012 at 8:50 PM

Can we sunset this piece of crappy legislation?

banzaibob on March 13, 2012 at 8:54 PM

Do the libs ever get tired of proving us right? This is no shock to those of us paying attention a couple years ago.

tdpwells on March 13, 2012 at 8:40 PM

Nothing has changed- American continue going bankrupt every day because of medical bills that cannot be paid. How can entrepreneurs prosper when the fear of a single medical problem leading to financial ruin hangs over their heads? Is that a good way to support innovation?

According to the OECD, the United States has the highest combined corporate income tax rate in the world at 39.21%, which will rise to 46.2% in 2013 before any Obamacare taxes or new taxes under Obama.

That’s pretty stupid- very few corporations actually pay that rate, all too many pay next to nothing thanks to tax loopholes. The larger issue here is the cost imposed by healthcare on US corporations compared to their counterparts in Germany and northern Europe:

http://hotair.com/archives/2012/03/09/is-nationalized-health-care-inevitable/

bayam on March 13, 2012 at 8:56 PM

After they shutter the Catholic Charities hospitals and seize the land by eminent domain the Federal Government hospitals will open. Obamacare also mandates the discontinuation of the DSH system so currently run state/county hospitals will be entirely paid for by that state – No way the hospitals in California, NY or Detroit can afford to pay without the DSH pool, so those county hospitals will shut down too.

Federal takeover of the hospital system. Federal employees.

“All within the state, nothing outside the state, nothing against the state. “

batterup on March 13, 2012 at 7:24 PM

Burn them down before you let the Feds take them over…

affenhauer on March 13, 2012 at 8:59 PM

$1.7 trillion?

ALOL

Try closer to $17 trillion!!!

If it survives can you imagine how the program will explode as more benefits and costs are added to it?

PappyD61 on March 13, 2012 at 9:00 PM

Remember: When Obamacare implodes it is not the fault of the deeply flawed legislation. It will be the fault of evil, hate-filled, racist, bloodthirsty, greedy, imperialist, 1%er corporations! /

All we need to do is unleash the market. Health care/health insurance is one of the most over-regulated industries in the country.

visions on March 13, 2012 at 9:06 PM

That’s pretty stupid- very few corporations actually pay that rate, all too many pay next to nothing thanks to tax loopholes.

Do you think that it is different elsewhere? Do you really think that there aren’t deductions and loopholes overseas?

You don’t know much, do you?

The larger issue here is the cost imposed by healthcare on US corporations compared to their counterparts in Germany and northern Europe:

http://hotair.com/archives/2012/03/09/is-nationalized-health-care-inevitable/

bayam on March 13, 2012 at 8:56 PM

Well, I grew up with the NHS and I would love to sentence you to a year in Stafford Trust Hospital. Such a sentence would disabuse you of your faerie tale dreams of unicorn medicine. It costs less because it is rationed.

Unless you have lived with nationalised healthcare, you have no clue as to its realities.

Resist We Much on March 13, 2012 at 9:07 PM

American continue going bankrupt every day because of medical bills that cannot be paid.

In Britain, everyone has health insurance, but people still go bankrupt do to medical bills.

In Britain, everyone has health insurance, but people still go without healthcare.

Resist We Much on March 13, 2012 at 9:09 PM

The day that close up image of Obama is not used on this board, I would donate $1.00 to SARAHPAC. Sheeesh obsessed much?

0bamaderangementsyndrom on March 13, 2012 at 8:22 PM

Oh, there’s lots more. Time for a donation.

chewmeister on March 13, 2012 at 8:26 PM

Here’s a bunch of cute ones: Light in the Loafers

slickwillie2001 on March 13, 2012 at 9:10 PM

Heh. He’s an Evil Woman

/Obama

Get on board.

Key West Reader on March 13, 2012 at 9:12 PM

How can entrepreneurs prosper when the fear of a single medical problem leading to financial ruin hangs over their heads?

bayam on March 13, 2012 at 8:56 PM

You’re 100% right. Henry Ford, Ransom Olds, and Billy Durant were so paralyzed by the fear of a single medical problem leading to financial ruin that they never managed to accomplish a thing.

Just goes to show that you’re probably not an entrepreneur. Entrepreneurs are about the most fearless people in our society. Entrepreneurs are natural risk takers.

Most of the entrepreneurs that I know consider government regulations and public employees to be a bigger obstacle to their business success than a lack of medical insurance.

rokemronnie on March 13, 2012 at 9:18 PM

Unless you have lived with nationalised healthcare, you have no clue as to its realities.

Resist We Much on March 13, 2012 at 9:07 PM

Absolutely!

OldEnglish on March 13, 2012 at 9:26 PM

fraud

AllahPundit!!! You’ve gone over to the Dark Side.

faraway on March 13, 2012 at 9:36 PM

How can entrepreneurs prosper when the fear of a single medical problem leading to financial ruin hangs over their heads? Is that a good way to support innovation?

***

bayam on March 13, 2012 at 8:56 PM

Easy. Buy insurance to cover catastrophe events. It used to be called “major medical.” You want health welfare in which people bleed the system dry without any regard for cost. Annual physicals may constitute financial ruin to you, but it doesn’t to me.

BuckeyeSam on March 13, 2012 at 9:38 PM

Okay, so double that number and we will be pretty close to the reality.

minnesoter on March 13, 2012 at 9:40 PM

In case anyone is wondering how you can have “universal healthcare” and still have medical bankruptcies, the answer is quite simple:

“Universal healthcare” is in the eye of the beholder and, in the case of socialised medicine, the beholder is the government.

Up until a couple of years ago, if you had macular degeneration, you first had to lose sight in one eye before you were permitted treatment and medication to save the sight in the other. If you didn’t want to lose your eyesight in the first, you paid for your own treatment and medications. Oh, and since you never lost sight in your first, you were forever responsible.

Today, because of Labour’s fiscal recklessness and austerity, drastic cuts have been made. About 9 out of 10 knee and hip replacements are now being classified as “elective surgeries.” Thus, if you want to get your knee replaced, you have to pay for it.

Last year, a 22 year-old woman in excellent health awoke with a paralysed stomach. Her doctors told her that she needed a pacemaker. The NHS refused to pay for the ~$20,000 surgery, which they considered “elective.” She was told to go home and die. She had already lost 5 stone. If her parents wanted to save her, they would have to mortgage their home.

The list of examples is endless, but the idea that nationalised healthcare will end medical bankruptcies is a pipe-dream.

Resist We Much on March 13, 2012 at 9:40 PM

BREAKING NEWS: i hate obama

mapper on March 13, 2012 at 9:41 PM

BREAKING NEWS: i hate obama

mapper on March 13, 2012 at 9:41 PM

+ 1 trillion!!!!

ladyingray on March 13, 2012 at 9:43 PM

I expect any moment now one of the trolls will pull up this horribly flawed study on bankruptcies that claims 50% of all bankruptcies are (for example) “due to a lack of health insurance”: Medical Bankruptcy: Myth Versus Fact

For example, just one of the flaws:

“…They summarized the responses in Exhibit 2 of their paper, which is organized in three sections. The first section reports the percentage of households who cited one of the following as a specific reason for their personal bankruptcy: illness or injury; a birth or death in the family; and problems with alcohol, drugs, or gambling.”

So if you gambled your life away, your bankruptcy is due to lack of Obamacare.

slickwillie2001 on March 13, 2012 at 9:46 PM

Gee, none of us here or the Tea Partiers, or the House members ever thought this would happen, right? We were just too stupid believing what our calculators told us! Adding 30 million to the Medicaid rolls and stealing $500 million from Medicare, while not addressing any of the cost drivers will not lower costs, but raise them, we said. No, no, no, you stupid rubes! Costs will go down b/c Messiah Obama will magic those costs away! He is Lord and Master! And don’t you forget it…

JAM on March 13, 2012 at 9:48 PM

Here is a clue (that those of us paying attention have always known about the Marxist redistributionist who dresses up his rhetoric with the term “social justice”):

From Fox News:
Fox News, ^ | 3/13/12 | Kimberly Schwandt

President Obama when asked about the attacks from conservatives that he is waging a “war on religion” said that he finds it “puzzling,” particularly because of his first job as a community organizer in Chicago, working with churches where he says he spread the “social gospel.” In an interview Monday with Des Moines television station WHO he said of the charges, “I find this very puzzling, because my first job, my first real job out of college, was working with churches in low-income communities, trying to make sure that the social gospel was made real, that people were getting help.”

onlineanalyst on March 13, 2012 at 9:59 PM

He’ll figure it out in his second term. Stay tuned.

This is the reason I’d rather Obama stay in the White House and the GOP take the Senate and keep the House. I want this albatross hanging on Obama and taint his legacy forever. I’d like to hang it on Pelosi and Reid as well but the people in California and Nevada who kept electing them deserve that honor. Once the entitlement gravy train ends in Obama’s second term Democrats won’t control anything for at least the next century.

TulsAmerican on March 13, 2012 at 10:01 PM

The larger issue here is the cost imposed by healthcare on US corporations compared to their counterparts in Germany and northern Europe:

bayam

Health care costs aren’t imposed on US corporations(or non-corporations), they choose to take on those costs. If XYZ corporation doesn’t want to offer health insurance to its employees, it doesn’t have to.

Oh wait….scratch that. That’s how it USED to be. Because of Obamacare, they are required to offer insurance, so you’re right, those costs ARE imposed on them. By who? The government, of course, who else?

xblade on March 13, 2012 at 10:03 PM

So we nominate the grandfather of Obamacare to beat the father of this Obamacare. Because that makes sense.

Alternatively, we would nominate Santorum, who would snatch your porn, rape you with an ultrasound probe and unleash the theocratic apocalypse — or something.

RightKlik on March 13, 2012 at 10:12 PM

RightKlik on March 13, 2012 at 10:12 PM

Just hold hands with bayam and pull the lever for your Messiah, Barack Hussein Obama…..

dmann on March 13, 2012 at 10:21 PM

So if you gambled your life away, your bankruptcy is due to lack of Obamacare.
 
slickwillie2001 on March 13, 2012 at 9:46 PM

 
Thanks. I remember citing that article on another blog years ago. I’d forgotten where it was, but was thinking about it after reading the earlier “it’s not cheap to save tens of millions from bankruptcy” post from one of our resident (D)s.
 
Completely wrong, of course. People dealing with true medical bankruptcies would populate a smallish NC city. A far cry from “tens of millions.”
 
I wonder if he’ll question why his betters inflated the numbers for his consumption…

rogerb on March 13, 2012 at 10:29 PM

Anybody planning on going to the repeal rally March 24 in DC?

Nom de Boom on March 13, 2012 at 10:29 PM

Just goes to show that you’re probably not an entrepreneur. Entrepreneurs are about the most fearless people in our society. Entrepreneurs are natural risk takers.

Most of the entrepreneurs that I know consider government regulations and public employees to be a bigger obstacle to their business success than a lack of medical insurance.

rokemronnie on March 13, 2012 at 9:18 PM

What kind of entrepreneurs? Like Joe the Plumber?
Just goes to show that you haven’t talked to anyone in silicon valley where most high growth industries in this country are started.

bayam on March 13, 2012 at 10:31 PM

OT: but that mole on the homepage is dang unnerving.

hoosiermama on March 13, 2012 at 10:31 PM

dmann on March 13, 2012 at 10:21 PM

I’d sooner cut off my own hands.

RightKlik on March 13, 2012 at 10:32 PM

Why isn’t this on Drudge with a red light?

Obamacare to Fund Abortions

slickwillie2001 on March 13, 2012 at 10:37 PM

What kind of entrepreneurs? Like Joe the Plumber?
Just goes to show that you haven’t talked to anyone in silicon valley where most high growth industries in this country are started.

bayam on March 13, 2012 at 10:31 PM

You need to talk to Dave MacAruthur.

Silicon Valley is representative of nothing. What a joke.

tom daschle concerned on March 13, 2012 at 10:37 PM

Just goes to show that you haven’t talked to anyone in silicon valley where most high growth industries in this country are started.

bayam on March 13, 2012 at 10:31 PM

Because, clearly, Silicon Valley entrepreneurs are clamoring for free healthcare. Oh, wait. They’re complaining about a crappy unionized education system that forces them to bring in overseas talent to staff their companies. Obviously, people like them who think it through aren’t exactly going to be jumping for joy at the creation of a new, centrally-planned bureaucracy.

Nom de Boom on March 13, 2012 at 10:40 PM

And what is with this Silicon Valley solipsism? Do other industries somehow not count? Only IT professionals can complain about government overreach?

Nom de Boom on March 13, 2012 at 10:42 PM

Obviously, people like them who think it through aren’t exactly going to be jumping for joy at the creation of a new, centrally-planned bureaucracy.

Nom de Boom on March 13, 2012 at 10:40 PM

Yes, you’re right that Gates, Page, Jobs, Ellison, and Zuck all support Obama’s healthcare plan. You’e right that those guys are smart enough to handle ‘thinking it through’.

bayam on March 13, 2012 at 10:43 PM

http://www.pnhp.org/news/2009/june/medical_bills_play_a.php
 
A pro-Obamacare link showing (strangely) that medical bills/bankruptcy only affected 1/5 of 1% of the total adult population in ’07.
 
Roughly 450,000 people. Imagine everyone in Atlanta had overextended themselves and had to file bankruptcy while having some medical bills, too, and then imagine Atlanta’s situation was used by the feds as the reason to nationalize healthcare.
 
Simple as that.

rogerb on March 13, 2012 at 10:43 PM

Boy, that CBO is looking through rose colored glasses.

That 1.76 Trillion… Will cover TWO years, unless they do institute the death panels AND bar Conservatives from any care that requires more than two aspirin,or a dab of neosporin and a generic bandaid.

LegendHasIt on March 13, 2012 at 10:44 PM

And what is with this Silicon Valley solipsism? Do other industries somehow not count? Only IT professionals can complain about government overreach?

Nom de Boom on March 13, 2012 at 10:42 PM

What are you referring to? US industries generally support the concept of alleviating their balance sheets of the cost of America’s out of control health care system.

http://hotair.com/archives/2012/03/09/is-nationalized-health-care-inevitable/

bayam on March 13, 2012 at 10:44 PM

Well, I grew up with the NHS and I would love to sentence you to a year in Stafford Trust Hospital. Such a sentence would disabuse you of your faerie tale dreams of unicorn medicine. It costs less because it is rationed.

Unless you have lived with nationalised healthcare, you have no clue as to its realities.

Resist We Much on March 13, 2012 at 9:07 PM

That’s a good point. Keep in mind that the UK spends one half the amount on healthcare compared to the US as a percentage of GDP. Obviously the standards are not the same.

You have to recognize that this country simply cannot afford to provide the very latest healthcare technology to the entire population, especially as healthcare costs begin to exceed 20% of GDP as expected later this decade. People who can afford supplemental insurance will simply receive better and more complete coverage. That may sound unfair but it’s reality in a capitalistic society that wants to maintain tax rates near or below 20% of GDP (as I do).

bayam on March 13, 2012 at 10:51 PM

THe cost of Obamacare is skyrocketing and it hasn’t even been implemented, and this liberal fool is here trying to convince us that this is good for the nation?

Unbelievable.

tom daschle concerned on March 13, 2012 at 10:51 PM

http://www.pnhp.org/news/2009/june/medical_bills_play_a.php

A pro-Obamacare link showing (strangely) that medical bills/bankruptcy only affected 1/5 of 1% of the total adult population in ’07.

Roughly 450,000 people. Imagine everyone in Atlanta had overextended themselves and had to file bankruptcy while having some medical bills, too, and then imagine Atlanta’s situation was used by the feds as the reason to nationalize healthcare.

Simple as that.

rogerb on March 13, 2012 at 10:43 PM

Even at that, this is flawed: “The study does not suggest that medical expenses were the sole cause for these bankruptcies, but it does identify them as a contributing factor. The increase in such filings occurred despite a 2005 law aimed at making it more difficult for individuals to seek court protection from creditors.”

In addition, some of the typical examples cited in these studies describe bankruptcies that result from lost salary due to sickness. Unless little Bammie intends to force insurance companies to provide lost-salary sickness benefits in all policies, those cases are irrelevant.

slickwillie2001 on March 13, 2012 at 10:54 PM

bayam on March 13, 2012 at 10:44 PM

You try to hard and that’s the biggest give away; you are nothing more than a bought and paid for hack. My cats litter box offers far more interesting subject matter than anything you say, care about or believe.

dmann on March 13, 2012 at 10:55 PM

bayam on March 13, 2012 at 10:44 PM

You try to hard and that’s the biggest give away; you are nothing more than a bought and paid for hack. My cats litter box offers far more interesting subject matter than anything you say, care about or believe.

dmann on March 13, 2012 at 10:55 PM

Why don’t you go and play with your cat instead of demonstrating your inability to post an intelligent remark.

bayam on March 13, 2012 at 10:58 PM

You guys quit picking on bayam.

Of course he is an experienced entrepreneur: He sells his soul every day.
And his risk management skills are superb. He risks looking like a vile fool every time he posts here, yet he still manages to do it quite often.

LegendHasIt on March 13, 2012 at 11:00 PM

Why don’t you go and play with your cat instead of demonstrating your inability to post an intelligent remark.

bayam on March 13, 2012 at 10:58 PM

Funny, I could say the same about you.

ShadowsPawn on March 13, 2012 at 11:00 PM

That’s a good point. Keep in mind that the UK spends one half the amount on healthcare compared to the US as a percentage of GDP. Obviously the standards are not the same.

Um, THAT’S THE POINT. You get what you pay for, bayam. The NHS sucks.

You have to recognize that this country simply cannot afford to provide the very latest healthcare technology to the entire population, especially as healthcare costs begin to exceed 20% of GDP as expected later this decade. People who can afford supplemental insurance will simply receive better and more complete coverage. That may sound unfair but it’s reality in a capitalistic society that wants to maintain tax rates near or below 20% of GDP (as I do).

bayam on March 13, 2012 at 10:51 PM

Then, tell people that you are going to ration their care. I know that the math is not going to work. I am against ALL government-run healthcare, including Medicare and Medicaid, because I know that it is unsustainable in a country with an aging population. I’ve written on the subject.

“Lies” About Social Security and Medicare Pandering Politicians Never Told You

Tell them the truth and quit demagoguering people like Paul Ryan, who attempt to address one of the most serious threats to the long-term survival of the United States and that is the sustainability of Social Security, Medicare and Medicaid, which have unfunded liabilities in the area of $211 trillion.

Resist We Much on March 13, 2012 at 11:01 PM

“In truth if this thing really gets off the ground the cost will be 10 trillion or 20 trillion. Then it will simply blow up taking down the entire economy.

CorporatePiggy on March 13, 2012 at 7:58 PM”

I along with all who are willing to try will attempt to avert such disaster, but I think at this point the blowing up will have to occur before all the dum dums start to listen. Most of them have little or no clue what the debt or deficit is.

Africanus on March 13, 2012 at 11:03 PM

“In truth if this thing really gets off the ground the cost will be 10 trillion or 20 trillion. Then it will simply blow up taking down the entire economy.

CorporatePiggy on March 13, 2012 at 7:58 PM”

They don’t care, as long as they get their so called “social-justice”.

ShadowsPawn on March 13, 2012 at 11:05 PM

You need to talk to Dave MacAruthur.

Silicon Valley is representative of nothing. What a joke.

tom daschle concerned on March 13, 2012 at 10:37 PM

Yes, that’s right, Apple the most profitable and successful corporation in the world is a joke. And all those silicon valley entrepreneurs aren’t real capitalists because of their support of Obamacare. The real entrepreneurs post on HotAir and vote for Joe the Plumber.

bayam on March 13, 2012 at 11:05 PM

Yes, you’re right that Gates, Page, Jobs, Ellison, and Zuck all support Obama’s healthcare plan. You’e right that those guys are smart enough to handle ‘thinking it through’.

bayam on March 13, 2012 at 10:43 PM

Of course they’re ok with it, because they’re on top of the pile. They can negotiate waivers, subsidies, and all the other perks that come along with knowing someone in the politburo.

I think you have this misconception about entrepreneurs. Most of them aren’t exemplified by the people you list. Most do not become billionaires with thousands of employees. Those are the people who pay the dreadful price of socialized medicine, who can’t afford to pay the exorbitant taxes that fund such an expensive system. Get out more.

Nom de Boom on March 13, 2012 at 11:07 PM

WORST.PRESIDENT.EVER.

St Gaudens on March 13, 2012 at 11:08 PM

Hypocrites.

Boomer_Sooner on March 13, 2012 at 11:10 PM

“In truth if this thing really gets off the ground the cost will be 10 trillion or 20 trillion. Then it will simply blow up taking down the entire economy.

CorporatePiggy on March 13, 2012 at 7:58 PM”

They don’t care, as long as they get their so called “social-justice”.

ShadowsPawn on March 13, 2012 at 11:05 PM

The US has the most expensive health care system in the world today because it’s grossly inefficient and incentives are poorly aligned. You can’t make the case that a government-run healthcare system is more expensive when the cost of public healthcare in other countries such as France or Germany is far less as a percentage of GDP.

I don’t want to see the US government evolve healthcare into a single payer model. Big data and new technology is only starting to disrupt many of the current inefficiencies in the system, and if anything the government needs to support private efforts to fix the system.

bayam on March 13, 2012 at 11:12 PM

Honestly, it’s a waste of time talking about this stuff to anyone who doesn’t have to look at a company balance sheet and see the multitude of creative ways in which the government extracts money from businesses. It’s as invisible and unintelligible to them as the inner workings of their computers.

Make the magic government machine give me more stuff!

Nom de Boom on March 13, 2012 at 11:15 PM

Joe Wilson was absolutely right! You Lie!

Christian Conservative on March 13, 2012 at 11:22 PM

Yes, that’s right, Apple the most profitable and successful corporation in the world is a joke. And all those silicon valley entrepreneurs aren’t real capitalists because of their support of Obamacare. The real entrepreneurs post on HotAir and vote for Joe the Plumber.

bayam on March 13, 2012 at 11:05 PM

Your attempt at ridicule while advocating for the destruction of liberty is annoying you sick freak.

Apple’s products are produced by slave labor, pollute the environment, and did you know that they have greater than 50% profit margin?

Can you say ‘price gouging’? ‘windfall profits’?

You reprobate leftists are so transparent.

I honest to God hope you and your family suffer immeasurably under the tyranny that you advocate for here.

tom daschle concerned on March 13, 2012 at 11:26 PM

Since Congress refuses to actually pass a budget, isn’t a Congressional Budget Office unnecessary ?

Just Sayin’

SaysWho on March 13, 2012 at 11:44 PM

The free condoms and birth control pills will only add another 500 billion, so it’s all good.

profitsbeard on March 13, 2012 at 11:45 PM

I honest to God hope you and your family suffer immeasurably under the tyranny that you advocate for here.

tom daschle concerned on March 13, 2012 at 11:26 PM

That’s not a very christian thing to say.

bayam on March 13, 2012 at 11:46 PM

That’s not a very christian thing to say.

bayam on March 13, 2012 at 11:46 PM

How the hell would you know?

:)

tom daschle concerned on March 13, 2012 at 11:49 PM

And the reprobate plays his basest card, calling out what he perceives to be hypocrisy.

And the fans go wild!

Get your stalinism on, boy.

tom daschle concerned on March 13, 2012 at 11:50 PM

That’s not a very christian thing to say.

bayam on March 13, 2012 at 11:46 PM

No, no it isn’t. Of course your constant and quite obvious contempt for other posters here open you up to that kind of attack, dare I say you invite it just so that you can try and make yourself appear “above it all”.

Its quite hilarious watching you hold up companies like Apple when it suits you, and you readily ignore that the real entrepreneurs in this country are small businessmen. I’m quite sure they don’t want the CEO of Apple of Microsoft speaking for them.

ShadowsPawn on March 13, 2012 at 11:55 PM

It is time for Obamacare to “sleep with the fishes”…

Khun Joe on March 14, 2012 at 12:08 AM

You know that cost is going to go up at least 10% every year of its first 5 years or so. medicare and medicaid both went up by over 75% in their first 30 years.

If obama gets in again, i do believe the death panels come about; only way to keep costs down is by killing off expensive seniors. you baby boomers better hope you stay healthy if he wins.

Sounds harsh, but i know i’m facing the same fate of not making it anywhere near 87 like my granddad if the government is the decision maker in my healthcare.

cougar on March 14, 2012 at 12:27 AM

…the nonpartisan Congressional Budget Office…

There is no such thing as the “nonpartisan Congressional Budget Office”.

This article is proof positive that every piece of “data” we get from this office is tainted by the set of lies proffered by the party in power at the time: Democrats in the case of Obamacare.

The only thing we get from the CBO is unicorn farts, bald-faced lies, and spin: none of which are useful.

landlines on March 14, 2012 at 12:37 AM

Liars.

John the Libertarian on March 14, 2012 at 12:50 AM

I don’t want to see the US government evolve healthcare into a single payer model. Big data and new technology is only starting to disrupt many of the current inefficiencies in the system, and if anything the government needs to support private efforts to fix the system.

bayam on March 13, 2012 at 11:12 PM

But fixing the system isn’t the goal. The Goal is Control.

If then-Sen. Obama had a real interest in reforming the private enterprise health care system, he would have at least discussed or even supported some of Jim DeMint’s reforms while they were in committee together. But Sen, DeMint says Obama the Senator had no interest in reforming the existing system until it became a Presidential campaign vehicle.

Hint: that means he saw it as a means to get elected, and possibly re-elected.

rwenger43 on March 14, 2012 at 1:13 AM

The larger issue here is the cost imposed by healthcare on US corporations compared to their counterparts in Germany and northern Europe:
http://hotair.com/archives/2012/03/09/is-nationalized-health-care-inevitable/

bayam on March 13, 2012 at 8:56 PM

Europe’s broke and so are we, you effing moron.

Chuck Schick on March 14, 2012 at 1:25 AM

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