1.) The law expands entitlement spending by over $1 TRILLION in order to “cover” $30 Million more people. What will that do to State Budgets? We only need to look at history to find out. Cases in point?
2.) It adds $500 Billion in new tax increases at a time in our nation’s history when a RECORD number of American’s pay NO INCOME TAXES! And if you believe the lie told by President Obama that your taxes will NOT increase if you make less than $200,000 as an Individual or $250,000 as a Married couple, you need to know the TRUTH!
Speaking of NEW taxes, if you are a Small Business owner. Here’s what’s coming for you thanks to Obamacare:
Research cited by the Obama administration as proof that it can cut wasteful healthcare spending and improve treatment at the same time proves no such thing, The New York Times reports.
The work by a group atDartmouth Collegesupposedly showed which hospitals charge more and give worse care than others.
But that’s not the case. “The Dartmouth researchers themselves acknowledged in interviews that in fact it mainly shows the varying costs of care in the government’sMedicareprogram,” The Times reports.
“Measures of the quality of care are not part of the formula.”
The Dartmouth group produced color-coded maps in the Dartmouth Atlas ofHealth Careto show where the wasteful spending is. Brown indicated hospitals and regions that offered expensive and inadequate care, and beige showed hospitals and areas where the reverse is true.
I have a friend that tends to express his ideas about everything in the jargon of a securities trader. Of course, this is probably because he has been a very successful trader, both in bull and bear markets, for many years. “Every trend in history, even liberty, can be charted like a stock,” he has often observed. I tend to agree.
What in the world are the Senate Democrats thinking? Isn’t this supposed to be about “health care reform”? Apparently their idea of reform is to take a system that has trillions of dollars in unfunded liabilities and expand it without ever addressing the underlying reason for the huge future debt?
Brilliant. Just brilliant.
But apparently winning the process (passing something called “health care reform”) has become more important than the original purpose of “reform”.
Now, it appears, negotiators are making headway to ensure that the [Medicare] expansion would take place at a far quicker pace than any proposed public option. According to the well-placed source, Democrats are rallying behind a proposal that would allow a portion of the 55-64 year old age group to buy in to the Medicare system as early as 2010. By contrast, a public plan forinsurance coverage would not come into being until 2014.
That group which would get immediate access, of course, would the the high-risk group that will cost the most to treat.
In addition to debating a potential start date for a Medicare buy-in proposal, Senate Democrats are also in negotiations over who, exactly, should be allowed to qualify for the expanded Medicare program. At this juncture, it doesn’t appear that everyone in the 55-64-age bracket would be granted access. Negotiators are considering limiting consumers to those who would qualify for high-risk insurance pools already set up under the Senate’s health care legislation. This would mean primarily those who have been uninsured for a certain amount of time, have a history of poor health or are unable to get insurance because of a preexisting condition. The Senate has already earmarked $5 billion for subsidies for this group to buy insurance and may increase that total to help them pay for Medicare coverage — should it become available to those under 65 and above 55 years of age.
Note that the subsidy is only to help this group buy insurance coverage under Medicare. It says nothing about the cost of that pool to Medicare. And, don’t forget, they’re cutting Medicare payments by $500 billion over then next 10 years.
Then, in 2014, they’re going to bring in the rest of that age group in total. And they’re going to tell you this will save money and “reform” health care?
* Medicare’s expected future obligations exceeded premiums and dedicated taxes by $89 trillion.
* In other words, Medicare’s liability is about 5 1/2 times the size of Social Security’s ($18 trillion) and about six times the size of the entire U.S. economy.
* Throw in Medicaid, and health care spending alone will crowd out every other thing the federal government is doing by mid-century, says Goodman.
Quite a bold statement if true. But a report released Friday by the non-partisan and independent Centers for Medicare and Medicaid Services, the agency in charge of running Medicare and Medicaid, blows the lid off of every one of Obama’s claims. All of the following quotes are from the report itself:
Reacting in part to Friday’s CMS report, Robert J. Samuelson writes in today’s Washington Post:
The disconnect between what President Obama says and what he’s doing is so glaring that most people could not abide it. The president, his advisers and allies have no trouble. But reconciling blatantly contradictory objectives requires them to engage in willful self-deception, public dishonesty, or both.
As the suicidal Democratic congressmen proceed to rubber-stamp the Obama healthcare reform despite the drubbing their party took in the ’09 elections, the president trotted out the endorsements of the AMA and the AARP to stimulate support. But these – and the other endorsements – his package has received are all bought and paid for.
Here are the deals:
The American Medical Association(AMA) was facing a 21 percent cut in physicians‘ reimbursements under the current law. Obama promised to kill the cut if they backed his bill. The cuts are the fruit of a law requiring annual 5 percent to 6 percent reductions in doctor reimbursements for treating Medicare patients. Bravely, each year Congress has rolled the cuts over, suspending them but not repealing them. So each year, the accumulated cuts threaten doctors. By now, they have risen to 21 percent. With this blackmail leverage, Obama compelled the AMA to support his bill…or else!
By Representative John Boehner (R-OH), Washington, Oct 29 Members ofCongressand the American people are just beginning to look at Speaker Nancy Pelosi’s (D-CA) 1,990-page government takeover of health care, but it’s already becoming clear just how costly and unsustainable this proposal is. From higher taxes on middle-class families to job-killing mandates on small businessesto cuts in Medicare benefits for seniors, here are 10 facts every American should know about Speaker Pelosi’s 1,990-page government takeover of health care:….
The estimate is actually 505 to 800 billion but why not go with the higher number when your “perspective” is to support government reform. Anyway:
The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday.
The U.S. healthcare system wastes between $505 billion and $850 billion every year, the report from Robert Kelley, vice president of healthcare analytics at Thomson Reuters, found.
“America’s healthcare system is indeed hemorrhaging billions of dollars, and the opportunities to slow the fiscal bleeding are substantial,” the report reads.
“The bad news is that an estimated $700 billion is wasted annually. That’s one-third of the nation’s healthcare bill,” Kelley said in a statement.
So now we have 3 numbers to go with telling anyone with an ounce of sense that they’re really not sure how much waste there is. But for the sake of argument, let’s stick with the 800 billion. Obviously they intend too because this is the sop they’re going to throw out there and claim it will “pay” for their “reform”.
That’s a truly stunning number. 90 million will be on either SCHIP or Medicaid (not Medicare … Medicaid) if the Senate Finance version of health care becomes ObamaCare according to the Heritage Foundation:
But of those 29 million with new insurance coverage, almost half (14 million), will get their coverage through the welfare programs Medicaid and the State Children’s Health Insurance Program (SCHIP). That is equivalent to adding every resident of Ohio and Nevada to the welfare rolls.
In other words, for half of those Americans who are being promised health reform, they are going to be stunned to find themselves in a welfare office applying for Medicaid. Under the current baselines for Medicaid and the State Children’s Health Insurance Program (SCHIP), there will be 76 million individuals served by these programs for at least some part of the year in 2019. If the SFC proposal becomes law, the number on Medicaid/SCHIP will top 90 million.
I have a friend that tends to express his ideas about everything in the jargon of a securities trader. Of course, this is probably because he has been a very successful trader, both in bull and bear markets, for many years. “Every trend in history, even liberty, can be charted like a stock,” he has often observed. I tend to agree. 
December 9th, 2009 | 
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