Monday, December 14, 2009

Another Nail in the Coffin of Obamacare

Oops! Turns out Obama's cost-cutting health plan won't save a dime; cheaper to do nothing

Analysts in the Obama administration's Health and Human Services Department reported Friday that the nation's $2.5-trillion annual healthcare tab will not shrink at all under the Democrats' legislative blueprint as being pushed by happy Harry Reid of Nevada, the Democratic leader in the Senate.

Instead, they said, the nation's medical costs will actually grow faster under the new bill than....

...they would if that chatty crowd of Washington spenders did absolutely nothing nada zippo about it. And even if they did pass the existing version for all that money, 24 million Americans would still remain uncovered.

"Although several provisions would help to reduce healthcare cost growth," the report said, "their impact would be more than offset through 2019 by the higher health expenditures resulting from the coverage expansions" to millions more Americans.

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