Unexpected! ObamaCare makes healthcare *more* expensive faster!


**Posted by Phineas

Well color me shocked. Who would’ve guessed that a badly-crafted 2,000-page bill that no one read and was rushed through the night and is just chock-full of new regulations, bureaucracies, and mandates would actually bend the cost-curve up?

Anyone with a lick of sense, I guess, which lets out the Democratic Party, their Leftist supporters, and the fawning media. (But I repeat myself.)

From The Washington Times:

Despite President Obama’s promises to rein in health care costs as part of his reform bill, health spending nationwide is expected to rise more than if the sweeping legislation had never become law.

Total spending is projected to grow annually by 5.8 percent under Mr. Obama’s Affordable Care Act, according to a 10-year forecast by the Centers for Medicare and Medicaid Services released Thursday. Without the ACA, spending would grow at a slightly slower rate of 5.7 percent annually.

CMS officials attributed the growth to an expansion of the insured population. Under the plan, an estimated 23 million Americans are expected to obtain insurance in 2014, largely through state-based exchanges and expanded Medicaid eligibility.

The federal government is projected to spend 20 percent more on Medicaid, while spending on private health insurance is expected to rise by 9.4 percent.

A tenth of a percent is not small change, when we’re talking about the scale of healthcare spending in the US. Moreover, we were told that implementing ObamaCare was essential to bending the cost-curve down. Not even, not up.

So, then, what was the point? The only thing accomplished is greater government control over and regulation of a crucial sector of our economy, which will only lead to a nationalized, Socialized single-payer system.

Oh, wait. That is the point!

No matter what it costs the rest of us.

via Hot Air, which has the White House rebuttal.

LINKS: Pirate’s Cove notes that ObamaCare cost more than doing nothing. Fancy that.

(Crossposted at Public Secrets)

Sowell: If conservatives wait for perfection, they’re doomed


Words of wisdom from my favorite conservative (hat tip to my co-blogger):

Now that the Republicans seem to have gotten the Democrats off their higher taxes kick, the question is whether a minority of the House Republicans will refuse to pass the Boehner legislation that could lead to a deal that will spare the country a major economic disruption and spare the Republicans from losing the 2012 elections by being blamed – rightly or wrongly – for the disruptions.

Is the Boehner legislation the best legislation possible? Of course not! You don’t get your heart’s desire when you control only one house of Congress and face a presidential veto.

The most basic fact of life is that we can make our choices only among the alternatives actually available. It is not idealism to ignore the limits of one’s power. Nor is it selling out one’s principles to recognize those limits at a given time and place, and get the best deal possible under those conditions.

That still leaves the option of working toward getting a better deal later, when the odds are more in your favor.

There would not be a United States of America today if George Washington’s army had not retreated and retreated and retreated, in the face of an overwhelmingly more powerful British military force bent on annihilating Washington’s troops.

Later, when the conditions were right for attack, General Washington attacked. But he would have had nothing to attack with if he had wasted his troops in battles that would have wiped them out.

Similar principles apply in politics. As Edmund Burke said more than two centuries ago: “Preserving my principles unshaken, I reserve my activity for rational endeavors.”

What does “rational” mean? At its most basic, it means an ability to make a ratio, as with “rational numbers” in mathematics. More broadly, it means an ability to weigh one thing against another.

There are a lot of things to weigh against each other, not only as regards the economy, but also what the consequences to this nation would be to have Barack Obama get re-elected and go further down the dangerous path he has put us on, at home and abroad. Is it worth that risk to make a futile symbolic vote in Congress?

Make sure to read the whole thing.