Skip to comments.Soaring cost estimate prompts health law doubts (Only idiots didn't see this coming)
Posted on 03/04/2012 10:10:29 AM PST by tobyhill
Cost estimates for a key portion of President Barack Obamas health care overhaul law have ballooned by $111 billion from last years 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. Bushs Medicare prescription drug benefit came in lower than estimated, so it wasnt 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 laws promise to reduce federal deficits.
(Excerpt) Read more at bostonherald.com ...
Well. I guess we’ll just have to go with Single Payer then ...
It’s not that liberals didn’t see this coming, they thought spending others hard earned money was worth the cost.
Nope. Single Payer doesn’t come until they’ve forced regular insurance companies out of the market with unreasonable regulations.
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.
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.
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.
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.
Translation: Just go sit in the corner and color.
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.
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.
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.
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!:
Imagine how expensive it will be to pay for healthy people, like Ms. Fluke and her $3000 perscriptions, instead of concentrating on sick people.
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.....
“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.
In other words, lies.
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.
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.