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Soaring cost estimate prompts health law doubts (Only idiots didn't see this coming)
boston herald ^ | 3/4/2012 | ap

Posted on 03/04/2012 10:10:29 AM PST by tobyhill

Cost estimates for a key portion of President Barack Obama’s health care overhaul law have ballooned by $111 billion from last year’s budget, and a senior Republican lawmaker today demanded an explanation.

House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent for an eight-year period, from 2014-2021.

Administration officials say the explanation lies in budget technicalities and that there are no significant changes in the program that would raise concerns.

Cost estimates for new government programs can be wide off the mark. For example, the actual cost of President George W. Bush’s Medicare prescription drug benefit came in lower than estimated, so it wasn’t as big a drag on federal finances as initially forecast.

Cost overruns for the health care overhaul could create new political problems for Obama by undermining the law’s promise to reduce federal deficits.

(Excerpt) Read more at bostonherald.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: abortion; corruption; deathpanels; democrats; fraud; healthcare; obama; obamacare; socialisthealthcare; zerocare

1 posted on 03/04/2012 10:10:44 AM PST by tobyhill
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To: tobyhill

Well. I guess we’ll just have to go with Single Payer then ...


2 posted on 03/04/2012 10:13:42 AM PST by ClearCase_guy ("And the public gets what the public wants" -- The Jam)
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To: tobyhill

It’s not that liberals didn’t see this coming, they thought spending others hard earned money was worth the cost.


3 posted on 03/04/2012 10:14:44 AM PST by ImJustAnotherOkie (zerogottago)
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To: ClearCase_guy

Nope. Single Payer doesn’t come until they’ve forced regular insurance companies out of the market with unreasonable regulations.


4 posted on 03/04/2012 10:24:39 AM PST by wolfpat (Not to know what has been transacted in former times is to be always a child. -- Cicero)
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To: tobyhill

Obama care will only force you to pay for healthcare that will not cover you properly just to get the added monies needed to provide others without healthcare that have deemed healthcare to be a right. Government chosen AARP will provide for additional services you will need to suppliment the coverage you are NOT ELIGIBLE for because you make to much money. Redistributive GOVERNMENT CONTROLLED healthcare giving you less services charging you more to give services to people who feel it is there right to free healthcare services. Does anyone know of anyone including illegal aliens that were turned away from a hospital because they did not have healthcare? It’s a lie. Whats even more ominous is there are things like little time bombs that have nothing to do with healthcare that are in this bill that none of our elected officials read.


5 posted on 03/04/2012 10:25:14 AM PST by ronnie raygun (B B)
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To: tobyhill
I wonder what inflation is really like when we consider the proportion of what health care and gasoline comprises of all our expenditures.

I bet inflation right now is nearing (in reality) 7-8%, despite sugar coated government figures that will claim half that. Like in Germany with the phase in of the Euro, we're experiencing far greater inflation than what is announced because the government sort of holds the keys to the kingdom regards this information and unless it's exploding in our faces, the media is to ignorant to figure it out.

6 posted on 03/04/2012 10:25:39 AM PST by Red6
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To: tobyhill

idiots don’t care.
libs had this all calculated they are way ahead of everybody.
it is always the same.
gov regulation causes problems
libs see problems, more government
until we get to the gulag.


7 posted on 03/04/2012 10:30:40 AM PST by genghis
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To: Red6

You’re right on the money, as far as some identifiable sectors. Healthcare costs have risen 7-8-9% per year for about 20 years now. Project this out and healthcare will consume all tax receipts of the US gov’t. Without stating or implying “whose fault” this is....this is a system headed for collapse.

Of course, we have also had (cost) deflation in other sectors. Crude oil was between $10 and $20 a barrel for most of the 1995-200low era. Houses shot up 15+% a year between 2002 and 2006-1/2....

But there are very few sectors whose costs have risen relentlessly and monotonically over the years as healthcare. It’s a huge deal. And of course, it reflects viciously upon medicare.


8 posted on 03/04/2012 10:33:03 AM PST by Attention Surplus Disorder (The only economic certainty: When it all blows up, Krugman will say we didn't spend enough.)
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To: tobyhill
Administration officials say the explanation lies in budget technicalities and that there are no significant changes in the program that would raise concerns.

Translation: Just go sit in the corner and color.

9 posted on 03/04/2012 10:42:01 AM PST by Gamecock (Celebrating 17,138 replies of dubious quality!)
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To: tobyhill

I’ve become a reverse Cloward-Piven

With $ Trillion deficits planned for as far as the eye can see, schemes like Obamacare now on their way, and statists in control of much of the Gov’t, I believe that “responsibly” cutting spending and deficits is literally impossible. Bankruptcy of the Federal Gov’t is the only way. This nation is so stuck that only a crisis will change things.

Every leftist social engineering scheme is based on massive deficits and long-term devalued, printed money by the FED.

It would be ugly, but at least it would give power back to States and local communities, while they still have something left to build on.


10 posted on 03/04/2012 10:42:53 AM PST by PGR88
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To: tobyhill

This is the plan - create another crisis and take over more of our rights and our economy under the guise of “government” necessity to avoid a disaster.


11 posted on 03/04/2012 10:43:13 AM PST by Dapper 26
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To: tobyhill

Pass all these costs to business so they will stop offering insurance to employees and force single payer on everyone. See, we needed to pass the bill to find out what’s in it.


12 posted on 03/04/2012 10:47:21 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: tobyhill

Wait till the government programs he’s creating go into action with the people who get hired to work them.

Of course it will be all the usual suspects, you know the ones that work ALL the government jobs so efficiently, the Democrats favorite picks for those jobs! Then you will REALLY see inefficiency.

Abbott and Costello said it best, Abbott gets a job in a bakery, loafing. He is in the union too!:

http://youtu.be/6ib9N7L9y08


13 posted on 03/04/2012 10:49:50 AM PST by Beowulf9
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To: tobyhill

Imagine how expensive it will be to pay for healthy people, like Ms. Fluke and her $3000 perscriptions, instead of concentrating on sick people.


14 posted on 03/04/2012 10:52:41 AM PST by Vince Ferrer
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To: tobyhill
Only Idiots Didn't see this coming

That could read:

Only Liberals didn't see this coming, or only Democrats didn't see this coming, or only the media didn't see this coming, or maybe even only O Reilly didn't see this coming.....

15 posted on 03/04/2012 10:55:19 AM PST by C. Edmund Wright
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To: tobyhill
do I really have to say it???

16 posted on 03/04/2012 10:57:45 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: tobyhill

“House Ways and Means Committee Chairman Dave Camp, R-Mich., wants to know by Monday why the estimated cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent for an eight-year period, from 2014-2021. “

Because it’s a definitive government contractor extortion racket. And the reason the push is for the Massachusetts Taxman, where at the state level the extortion would be only answerable to an “insurance” commissioner.

Extortion crime can take several forms. It can only be performed by a public officer, or the agent of a public officer:

The number one violation being committed here is extracting extortion “fees” of unequal value, and extortion by threat. (premiums, mandate fines, unequal waivers of discrimination, salaries), FOR SERVICES NOT PERFORMED.

Meaning there is never any clear definition of what “health” actally is. Thus, the contractor can always move the goal-post. And more. All, totally contradictory to U.S. values.

(This is includes dental and other services, co-pays, and all selective remedy of unequal values.)

If this goes through, very unfortunate that Americans may go the route of Icelandic response. You just can’t have extortion, period.


17 posted on 03/04/2012 11:05:34 AM PST by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: tobyhill

“budget technicalities”

In other words, lies.


18 posted on 03/04/2012 11:13:14 AM PST by Brilliant
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To: Attention Surplus Disorder
[But there are very few sectors whose costs have risen relentlessly and monotonically over the years as healthcare. It’s a huge deal. And of course, it reflects viciously upon medicare.]

That's why the true path to reform would begin with Medicare, Medicaid and VA reform, removal of market barriers to insurers, malpractice tort reform, expanding the role nurse practitioners and other paramedics, etc.

19 posted on 03/04/2012 11:50:34 AM PST by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Attention Surplus Disorder
The more government helps, the worse things get, in health care that is.

If we had a system like before government began administering 1/3 of all of it (medicare/medicaid/veterans administration and other programs already account for ~1/3 of all health care expenditures), before the era of huge health insurances that are actually in bed with government, you today would NOT have these cost explosions.

In the case of health care, you have a public side where between 15-20% of all the money is defrauded (on the private side between 2-3%)! You have little personal participation in costs so consumers are quick to use this health care and don't worry about choices to control costs, i.e. generics, maybe I don't need an MRI if I bump my head... Competition between health insurances is limited within government pools or between the states. Health providers charge inflated rates in many cases and the consumer doesn't even look at the cost before hand or if all the services were truly rendered etc... The irony is that this broke system we have today is the CREATION of a government that came to help with laws and policies at federal and state levels that created this architecture. And more help is on the way in the form of some other five year government plan! lol

Imagine all your employer and personal contributions for health care go into an insured account where it accumulates (the separation into personal and employer contributions are BS as well, the employer sees a total cost- that's it, but let's stick with what we have). So I would put for myself and my family about $1,024 a month into a giant health savings account ($12,288 a year). All money is accrued and can only be used for health care. You can't use my money, I can't use yours. The government doesn't get into the business of legislating morality as they are now. Nor do they ration off health care according to political expediency as they will in the future and already are within those areas where they control health care (i.e. Veterans Administration). Suddenly you would see pretreatment negotiating on prices between providers and patient, you would see self restraint on usages, you would see substitutions (i.e. generic vs. name brand). Providers would be under a true cost competative pressure and you would see a sort of medical tourism evolve inside the US... What if I said that some services can be negotiated down to half their cost, believable? It's true- If I decide to risk my life through my sexual behaviors you don't pay for it. If you die and your money is never used, you can transfer it to your spouse or children... You are in control, but you are also responsible. There are zero deductibles, copays, no programs from the government to pay this or that, there's only you. If you run out of money, sell your boat, use your savings, sell the home, car or ask for charity from family, church, friends or that so called "community" liberals always like to talk about.

20 posted on 03/04/2012 11:59:06 AM PST by Red6
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To: tobyhill

The government-run Pre-Existing Condition Insurance Program [PCIP], which is already up and running, is costing MORE than DOUBLE per person than budgeted ...

BUDGETED $13K per person, COSTING $29K+ per person - so that ONLY 1/2 the number of people budgeted can be accommodated ...


21 posted on 03/04/2012 12:02:35 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: Lmo56

Yeah, and only something like 50,000 people have even bothered to sign up for it so far. Weren’t we told there were several million people who needed this? Just add it to the list of lies told by Zero.

Mrs. Prince of Space


22 posted on 03/04/2012 1:57:20 PM PST by Prince of Space (Obama cares a lot about the poor. In fact, he wants to make more of them.)
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To: tobyhill

Bump


23 posted on 03/04/2012 3:31:18 PM PST by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: tobyhill

24 posted on 03/04/2012 3:42:45 PM PST by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: Vince Ferrer

Imagine how expensive it will be to pay for healthy people, like Ms. Fluke and her $3000 perscriptions, instead of concentrating on sick people.

People like her don’t stay healthy long.


25 posted on 03/04/2012 8:49:23 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Red6

Not to divert the thread too much, but 5 year treasuries are paying around 1% and 10 year treasuries are under 2%, yet real inflation is somewhere between 2%-8%. How long can we expect to sell our debt at a rate that locks in somewhere between 7% to 1% loss every year? Would you buy an investment that guaranteed you a loss every year?

Here is how it relates to the thread - how can we continue to spend $1.5 trillion more each year than we collect in taxes unless we borrow money, and how can we continue to borrow money when we guarantee our investors a loss?

Yes, the President and the hard left want to raise taxes... They want to raise them a lot but only talk about modest increases right now. In France the left is pushing for a 75% top rate. We are heading that way if we don’t make changes soon. Something’s gotta give, and ultimately if spending isn’t brought under control, what will give are interest rates, plunging the economy back into recession.


26 posted on 03/05/2012 12:38:55 AM PST by monkeyshine
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To: Red6
... unless it's exploding in our faces, the media is to ignorant to figure it out.

The media is ignorant, alright (see tagline).

But, even if they could figure it out, they wouldn't report it. Might reflect badly on their boy, Barack, y'know.

The press is no longer concerned with who, what, when, where and why. They're now in Propaganda & Political Protection business.

27 posted on 03/05/2012 12:48:32 AM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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