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CBO Pushes Back on ObamaCare on The Patriot Room »
Posted By rbiii 4 months, 4 weeks ago in Political NewsIn case you missed it, the Obama administration challenged the Congressional Budget Office's ObamaCare cost predictions on Saturday. White House budget director Peter Orszag criticized the CBO after it issued a cost estimate that halted momentum for an independent Medicare panel that Obama wants. Orszag accused the CBO of exaggerating the future costs of the current proposal, which the CBO estimates at nearly $240 biilion over the next ten years.
Yeah, because we all know that government programs regularly cost less money than expected, right? Not exactly. Turns out, CBO estimates are kinda like the first quote your mechanic gives you. Even if you can find an honest one, it's still going to be a low-ball estimate.
But the news gets worse for fans of ObamaCare. The CBO came back with new analysis showing that even if the plan somehow only costs an additional $240 billion over ten years, it's going to get much, much worse after that.
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rbiii
A father of four. A conservative who believes in Federalism and limiting the power and scope of government.
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33%
icono14 months, 4 weeks ago
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There are hidden costs then there are hidden costs.
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But no matter, for the American tax payer, if any are left at the end of this socialist restructuring of America, can pick up the tab of any hidden cost over-runs caused by predatory legislation.
This is not change one can believe in because it is business as usual from DC; we write em, you pay for em. -
40%
antibrainwasher4 months, 4 weeks ago
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Fear paranoia and lies, oh my. Fear paranoia and lies, oh my.
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Is there no end? Of course not. As long as the insurance monopoly controlled health care system has its stooges, and billions upon billions of dollars to invent lie after lie, perpetuated by self intrested cowards and paid shills, it will never end.
The cowards are scared, and they should be. We see through your lies, and can see behind the curtain to watch the lobbiest pay off the lying cowards and birthers and nutters of the GOP, hoping to preserve their billions by denying claims.
Fear paranoia and lies, oh my.-
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spkguy4 months, 4 weeks ago
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anti..."Is there no end? " No....I don't think so...
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Although your comments are sometimes... Lets say "Extreme" in perspective" I do know you read the posts you comment on..
I. my self am baffled how some how these 47 million people just don't seem have voice on this issue and in light of that I can understand to a certain extent the anger one might have with that fact.
Now as far as the costs go well...
Costs of Health Care Administration: U.S. vs. Canada
"Using a variety of sources, the researchers calculated the fiscal-year 1999 administrative costs of health care insurers, employers' health care benefit programs, hospitals, office practices, nursing homes, and home health care agencies in both countries. The estimated per capita cost of health care administration was US$1059 in the U.S. and US$307 in Canada. These costs accounted for 31% and 17% of health care spending in the U.S. and Canada, respectively. The average overhead cost for U.S. private insurers was 11.7%; in contrast, this figure was 3.6% for U.S. Medicare and 1.3% for Canadian provincial insurance plans."
http://general-medicine.jwatch.org/cgi/content/ful...
Keep in mind the sheer fact that the US has approximately 47 million people with out health care, which, by the way is substantially more than the total population in Canada.
So if we start the argument with that fact well...Go adder...
We in Canada already have lower cost's and we cover everyone, period. -
Neutral
jimdoze4 months, 4 weeks ago
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ABW wants a Federal Government Monoply. Now that would be a true monoply... unlike the so-called monoply involving hundreds of competing insurance companies.
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If he thinks that once it monopolizes health care, that Federal Government won't deny claims, he is whistling an alternate-universe-based Dixie.
To coin a phrase, "oh my"!!
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sonofreasonComment removed: Hard Banned2 Replies
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100%
wtagg4 months, 4 weeks ago
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Beau78904 months, 4 weeks ago
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I'm glad you asked that, wtagg.
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Healthcare expenditures are expected to double in ten years if nothing is done to address the current situation. And the total cost in 2007 (the last year for which figures are available) was $2,400,000,000,000. Yes, that's $2.4 trillion.
http://www.nchc.org/facts/cost.shtml
Suddenly paying $240 billion more seems like a bargain--it's less than a tenth of the projected cost of the current system over the next ten years.
Or put another way, the proposed healthcare plan will save Americans $2.16 trillion over the next 10 years, compared to the current system. -
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jimdoze4 months, 4 weeks ago
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Inflation in health care tracks inflation in the economy in general. The parts that don't involve new procedures, breakthrough equipment and new patented drugs. That is the same for every part of the economy. As things go off-patent, prices go through the floor and eventually stablize to track inflation.
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Most in this debate are clueless as to the simple difference between prices and costs.
Cost = Price x Quantity
The reason health care costs have risen dramatically is that Quantity (consumption of health care goods and services) has increased dramatically. The unit costs of delivering therapeutic outcome of now common procedures has dropped dramatically in the last several decades. For a stark comparison, think of the results for treatment of common afflictions now versus two decades ago... in everything from heart attacks to strokes to arthroscopic surgery to hip and knee replacements to... well, you name it.
Why has Quantity increased? Think baby boom generation entering their high health care consumption years. Think vastly expanded types of procedures and therapies leading to higher quality and length of life. Is that really what needs to be stopped? Stopping that is exactly what nationalized health care will do.
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moonstream1Comment removed: Spammer, Hard Banned3 Replies
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moonstream1Comment removed: Spammer, Hard Banned
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moonstream1Comment removed: Spammer, Hard Banned1 Reply
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