All of the experts who argued on it, and later insisted that we had to pass it to find out what’s in it. Tsk, tsk.
The $150 billion in savings? More like added costs:
The Obama administration threatened to veto parts of its own health care bill after budget scorekeepers found that the package would add at least $115 billion more to government health care spending.
President Obama’s budget office charged Congress with finding $115 billion in spending cuts or tax increases to offset the price tag hike. The figure approached the amount of money the Congressional Budget Office previously estimated the law would save, and pushed the total 10-year cost of the package past $1 trillion. It comes after a separate Medicare office report found the bill would raise spending by about 1 percent over the next decade.
Even richer:
The Congressional Budget Office said the added spending includes $10 billion to $20 billion in administrative costs to federal agencies carrying out the law, as well as $34 billion for community health centers and $39 billion for Indian health care.
Did you see that? Ten to $20 billion to the fed just to implement the law. Public sector employment rising over private sector employment is never a good thing to anyone who knows a lick about economics.
The White House says that congress must either find $115 billion in spending cuts (rationing?; they won’t cut the mandate funding of abortion and they’ve already removed legroom on medical deductions for the lower income and elderly demographics) or create $115 in new taxes. Seeing as medical devices are now taxed (your blood reader for diabetes? Taxed. Your breast pump? Taxed) I wait with baited breath to see how we all will suffer even more costs to support this oppressive non-choice.
