ObamaCare Promises False
Not exactly news to the Ricochescenti, but clarifying nonetheless: Richard Foster, Medicare's Chief Actuary, provides a remarkably brief and direct answer to Rep. Tom McClintock (R-CA) in the House a couple of days ago on two of ObamaCare's core promises.
Note that the Congressional Budget Office remains Ezra Klein's preferred source for analysis--insisting against the evidence on the myriad magical virtues of ObamaCare--because the CBO is required to accept at face value whatever premises Congress puts before it, no matter how absurd. For example, if Congress told CBO to credit five-and-a-half foot tall middle-aged men with the jumping ability of youthful seven-foot-plus athletes--lighter weight canceling out superior height--then CBO would score me as a potential NBA star. That wouldn't make it true, except for Mr. Klein.
Mr. Foster, as an independent actuary, is able to formulate his own opinion.
- Comment (5)
- · Quote
- · UnfollowFollow (2)
Comments :
May '10
Re: ObamaCare Promises False
Since I'm not much of a consumer of the "main-stream media," I wonder if this telling exchange has received the wider coverage it deserves? Probably not, I'll bet.
We've been had, again, and we're stuck with this turkey, I'm afraid.
Jul '10
Re: ObamaCare Promises False
Just as long as I get my pony....
Jun '10
Re: ObamaCare Promises False
Forward this to any insisting that Canada's healthcare delivery system is the way to go.
Re: ObamaCare Promises False
The wages of socialism. Once prices are capped, patients wind up paying in other ways.
Jun '10
Re: ObamaCare Promises False
George Savage
The wages of socialism. Once prices are capped, patients wind up paying in other ways. · Jan 29 at 6:17pm
It's worse than capped prices although that is a significant problem. It's the rationing of capital that probably hurts most. When you get a capital intensive industry such as medicine and limit capital contributers to the government by disallowing private investment, you cannot possibly hope to keep up with demand for the services provided.