RAND says Obamacare "fearmongers" right; Obamacare will increase spending $311 Billion over 10 yrs

I don't claim to have found for the article(credit where credit is due ATS) but I thought GLP would like to see it
[link to www.cato.org]

some highlights...
1. the government's chief actuary released his report on the bill, showing that the bill will actually increase health care spending by $311 billion over 10 years.

2. the Center for Medicare and Medicaid Studies reports that half of seniors currently enrolled in the Medicare Advantage program will lose their coverage under that program and be forced back onto traditional Medicare.

3. the Congressional Budget Office now says that as many as 10 million workers will lose their current insurance under Obamacare. Some of those workers will have to buy new insurance through the government-run exchanges.

we can expect higher deficits and, of course, higher taxes. The most recent estimates suggest that the taxes already in the bill will likely end up costing middle-class workers and small businesses an extra $1,000 per year.

4. the most recent report from the Congressional Budget Office warns that nearly 4 million Americans, nearly three-quarters of them middle-class workers, will be hit with fines for failing to meet the government's mandateto buy insurance. Those penalties will average nearly $1,000 per person in 2016.

Again not my own but basically everything I would have pointed out. Good read.

Last Edited by theDtrain on 05/05/2010 12:44 AM