[VIDEO] Apparently Socializing Healthcare is Expensive
I really found this amusing today. Apparently, the director of the Congressional Budget Office (CBO) plotzed when he saw the price of Obama’s plans for healthcare. Keep in mind this is the same CBO that a) is non-partisan, and b) Libs and Dems swore by when it came to criticizing President Bush’s deficits…which were a quarter of the size of President Obama’s projected deficits. So sayeth the director…
According to our preliminary assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010-2019 period. When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million.
Now, when questioned by this, what do you think the Obama Campaign did? Did they admit to it and lay out why this is wrong and how they will pay for everything, or did they throw Ted Kennedy under the bus. Hmmm…
“This is not the Administration’s bill,” White House press secretary Robert Gibbs said in a statement following the Congressional Budget Office’s analysis of Sen. Ted Kennedy’s health care reform legislation, “and it’s not even the final Senate Committee bill.”
So, for those of you playing the home game, the Obama Campaign has outsourced and landmark piece of legislation to Congress, then when it was criticized claimed it wasn’t there’s and then went into there usual straw-men arguments aboot how the “other side” wants to do nothing. It’s the Stimulus Plan 2: Electric Boogaloo.
Le sigh.
As this goes on, organziations like Conservatives for Patients Rights and ads like this are going to be essential…
I’m not an economist, but I know how a calculator works. An increase of $1.0 Trillion to the deficit to help 16-17 million people gain health insurance benefits is almost $60k per person, per year. What a bargain.