He laughs cynically… 🙂
Two of the central promises of President Barack Obama’s health care overhaul law are unlikely to be fulfilled, Medicare’s independent economic expert told Congress on Wednesday.
The landmark legislation probably won’t hold costs down, and it won’t let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.
Foster was asked by Rep. Tom McClintock, R-Calif., for a simple true or false response on two of the main assertions made by supporters of the law: that it will bring down unsustainable medical costs and will let people keep their current health insurance if they like it.
On the costs issue, “I would say false, more so than true,” Foster responded.
As for people getting to keep their coverage, “not true in all cases.”
So is it “uncivil” of me to cackle cynically and say “I told you so!” 🙂
Foster says analysis by his office shows that the health care law will raise the nation’s health care tab modestly because newly insured people will be getting medical services they would have otherwise gone without.
Costs could also increase if Medicare cuts to hospitals, nursing homes and home health agencies turn out to be politically unsustainable over the years. The actuary’s office has projected those cuts would eventually force about 15 percent of providers into the red. The health care law funnels savings from the Medicare cuts to provide coverage to uninsured workers and their families.
As for people getting to keep their health insurance plan, Foster’s office is projecting that more than 7 million Medicare recipients in private Medicare Advantage plans will eventually have to find other coverage, cutting enrollment in the plans by about half.
The health care law gradually cuts generous government payments to the plans, so insurers are expected to raise premiums or even drop out. And the main reason seniors have flocked to the private plans is that they offer lower out-of-pocket costs.
Medicare recipients who lose private coverage would still be guaranteed coverage in the traditional program, but they would likely have to take out a supplementary insurance plan for gaps in their coverage. (Fox and AP)
If you dig you can find it on ABC News and they post this also (they are too busy talking about Snow to put it in the headlines):
The White House responded to Foster’s testimony in a blog post by Stephanie Cutter, a top aide helping to guide the political strategy on health care. “Once again, we disagree,” Cutter wrote. “History shows that it is possible to implement measures that will save money for Medicare and the federal government.”
And what are those measures, pre tell??
Then the trash talk starts.
Obama White House officials predict that Foster will be proven wrong about the health care law. Republicans hang on his every word.
NBC and CBS all lead with the Snow and make finding this story very hard (smelling a pattern here…:) )
Damn That Global WARMING! 🙂
The Leftists at the Huffington Post banner headline was bashing Republicans (as always) but if you search you can find the story. While the headline suggests what the other did the text doesn’t. It starts with story about how the Obama vision is correct and here are the “experts” who say the Actuary is full of crap first then they get “civil”.
It’s a dispute about numbers and how they’re bandied about by powerful people in Washington.
But you don’t need an economics degree to follow this one. All you have to do is remember your fractions.
But then there’s : The health care law expands coverage, reducing the number of uninsured by more than 32 million, although about 24 million will remain without coverage.
Gee, I thought this was supposed to cover EVERYONE. After all EVERYONE is required BY LAW to have insurance or else the jackboots at the IRS will come a kick in your door and FINE you!
Curiouser and Curiouser!
If you divide total national health care spending by a bigger number of insured people, you get a smaller per-person result.
“It’s not that it’s false, it’s just that it will be a little misleading,” John Allen Paulos, a mathematics professor at Temple University in Philadelphia, said of the White House number, calling it an “apples-to-oranges miscomparison.”
Talk about schizophrenic. The Huffington Post is trying to convince itself WHILE it’s writing the article!
And should we mention just how simplistic this line of reasoning actually is and how this so simplistic as to be silly?
Probably Not. They’ll just hate me anyways.
In 2019, when the overhaul is fully phased in, the tab will be $4.6 trillion. (Huffington Post)
Gee, that’s not much. 🙂
Then there’s this one:
The White House has renominated Donald M. Berwick to be Medicare chief six months after bypassing the Senate and installing him in the job in a recess appointment.
Obama initially nominated Berwick last April. After the recess appointment in July, Berwick could serve through this year without Senate confirmation. (CBS)
So they have avoided having him go through a Senate Confirmation TWICE now.
So what are they hiding. 🙂
Could it be “The decision is not whether or not we will ration care – the decision is whether we will ration with our eyes open.”
“Using unwanted procedures in terminal illness is a form of assault. In economic terms it is a waste.”
Nothing to worry about. Nothing to see here.
Ignore the 800 lb gorilla about pound you into ground.
Don’t worry about the inconsistencies and the bold faced lies.
Be “civil” and just ignore all the “investments”.
I missed the middle section of Obama’s State of the Union address when I took a break to read “War and Peace,” but I gather he never got around to what I was hoping he’d say, which is: “What was I thinking?”
The national debt is $14 trillion, the Democrats won’t stop spending, and President Nero gave us a long gaseous speech about his Stradivarius.
I feel so Southern whenever I watch a Democrat give a State of the Union address — and not just because it makes me want to secede. Consternating the rest of the family, my Kentucky mother always talked back to the TV. I do it only when a Democrat is giving a speech.
And if liberals didn’t like Samuel Alito mouthing the words “not true,” they should be really happy I wasn’t in the House chamber Tuesday night.
All I kept hearing was, “Ann pays more.” That’s all I ever I hear when Democrats start in with all that “investing.”
Apparently the government will be “investing” in education, “investing” in technology, “investing” in roads and “investing” in lots and lots of government workers. Ann pays more, Ann pays more, Ann pays more.
Obama compared “investing” in education to our sending a man to the moon after the Russians launched Sputnik. Say, who was the president who recently gutted spending on NASA? Oh yes, that was Obama.
So he reminded us of the glory days of the space program, but now he’s taking that money and funneling it to public school teachers. As the Democrats say: “If we can put a man on the moon, why can’t we hire another 10,000 public school teachers?”
Also, solar panels. Obama said the government was already “investing” in solar panels! That’s a total relief. This must be how the president who brought us “Recovery Summer” is going to dig us out of the second Great Depression.
But I do wonder why no private lender considered solar panels a wise investment, forcing solar panel manufacturers to turn to the government for loans, followed by endless tax credits just to break even.
I guess people who work for the government are just smarter. We’re so lucky to have them “investing” our money for us! Boy, egg must be on Warren Buffett’s face!
Remember how massive government “investments” gave rise to the telephone, the light bulb, the automobile, the airplane, the personal computer … OK, none of those.
But massive government expenditures did give us Amtrak and the TSA!
The only thing Obama vowed to cut were “earmarks.” Yippee!
Senate Majority Leader Harry Reid though is Mad at Obama For it!
Senate Majority leader Harry Reid (D-Nev.) has a message for the president when it comes to his call for earmark elimination: “Back off.”
“It’s an effort by the White House to get more power. They’ve got enough power as it is.”
You just can’t write this kind of comedy. Imagine, The Senate Majority leader who was the instrument that crammed ObamaCare down your throat through unconstitutional and immoral tricks of procedure is complaining about government power reaching into his drug of choice!! Imagine that!! 🙂
The guy with the ears is against earmarks. Yes, the same president who quadrupled our deficit by giving money away to his UAW pals, Wall Street cronies and government workers is now lecturing us about earmarks. This is a bit like being scolded by Charlie Sheen for ordering a second wine cooler (and the hooker).
You knew it was bad when John McCain leapt up and enthusiastically applauded. The last time I saw McCain applaud Obama like that was when he debated him. 🙂
Obama said, “We are the nation that put cars in driveways and computers in offices; the nation of Edison and the Wright brothers; of Google and Facebook.”
And then the government outlawed Edison’s great invention, made the Wright brothers’ air travel insufferable, filed anti-trust charges against Microsoft and made cars too expensive to drive by prohibiting oil exploration, and right now — at this very minute — is desperately trying to regulate the Internet.
On the bright side, President Al Gore would have actually outlawed the cars in those driveways.
I especially enjoyed his pitch for high-speed trains where you “don’t have to receive pat-downs.” At least until one of those Muslims who is “part of our American family” blows one up — at which point they’ll be staffed with armies of genital-fondling, unionized TSA agents on the public dime.
Still, I can’t wait for Obama’s America. An America where I can use lightning-fast, high-speed Internet to file electronically for my unemployment benefits. Or better yet, I can ditch my old “oil-powered” car and take a “sunlight and water”-powered high-speed train to the unemployment office for a change.
And I hear CalTech is working on biofuels to power “Recovery Summer 2011.”
The big laugh line was when Nero said mockingly, “I heard rumors that a few of you still have concerns about the health care law.” That’s called “60 percent of the American public.” It’s not a joke, and it’s not funny.
Here’s one: Hey, Obama! Guy walks into a bar in the Gaza Strip. The bartender says, “What’ll you have?” But the guy is killed instantly when an Iranian-made CT-28 missile strikes the bar, also killing a woman and small child next door. Get it, Obama? HA HA!
Synthesizing Karl Marx and Ronald Reagan, Obama said the government will soon be taking over every aspect of our lives, and Republicans can’t stop him — but gosh, isn’t America a great country! Teachers are great, we need to innovate, children are our future, we need paved roads, kids should do their homework, Labrador puppies are cute, I like apple pie, I (heart) Justin Bieber, and how about them Yankees! Now, here’s your 2011 tax bill — how would you like to pay for that?
Actually, I was glad to hear him say that “there isn’t a person here” — which presumably included Democrats — who would live anyplace else.
Then why are they always trying to turn us into Western Europe?
We see the problems in Greece, The Uk, Ireland and Portugal.
We see the train coming. But instead of getting out of the way of the train, the Democrats just want to “invest” in more tracks!!