Unexpected! ObamaCare makes healthcare *more* expensive faster!

Posted by: Phineas on July 28, 2011 at 1:01 pm

**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)

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7 Responses to “Unexpected! ObamaCare makes healthcare *more* expensive faster!”

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  1. tommy mc donnell says:

    everybody knew this. you can’t put 30 some million non-payers into the insurance sysytem and not raise costs for the payer. yet knowing this our congress people voted for it anyway. 30 million new bought and paid for votes trumped all.

  2. Brontefan says:

    Shocker!:o
    So this means all those honorable men & women in Congress and our Celebrity-in-Chief [including the Food Police] lied to the American Public. Now, I suppose they are going to tell us that it was for our own good! ObamaCare was not about health care reform or the cost of health care–because it is going to cost six times as much for less quality and care–it is about GOVERNMENT TAKE OVER OF OUR HEALTH CARE INDUSTRY. So now do you believe we put a Marxist in the WH?

  3. Carlos says:

    And in 2012 there will be approximately 20 million people who didn’t vote last time that will vote for our Master Giver-in-Chief because, doggone it, it’s only right they return this quid pro quo as expected.

    Same with their senators and reps who voted for all the “free” goodies.

    Theft and larceny and bribery have hit a new low in D.C., and until the system’s changed there’s nothing responsible people can do about it.

    Here’s my new favorite quote, from a sleazebucket I certainly don’t admire (for his work on behalf of Obhammud and his health care “reform):

    “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of Congress are ineligible for reelection.” ~ Warren Buffett 7/8/11

  4. George Robinson says:

    The only good thing about this moronic debate is that commies are calling tea party guys nasty names. This tells me that some of them are alright. I don’t want a team player, I hated McCain, I don’t think what they do is work. Reid is a crook, (check land deals) without cajones enough to use a gun. The only good quote “We tried reasoning with them and they didn’t care” I chose to tune out the rest