Part IV of 6 The Economy: Better or Worse — You Decide
9.28.10 – Henry Burke & Donna Garner – Obamacare is a horrible piece of legislation, and one of the most devastating aspects is the cost. According to the CBO, the new entitlement spending in the plan would cost $216 Billion by 2019 and then increase by 8 % every year thereafter.
The Economy: Better or Worse — You Decide — by Henry Burke & Donna Garner — 9.26.10
PART IV. – OBAMACARE
(Part 4 of 6)
Obamacare is a horrible piece of legislation, and one of the most devastating aspects is the cost. According to the CBO, the new entitlement spending in the plan would cost $216 Billion by 2019 and then increase by 8 % every year thereafter.
Over a full ten years of implementation, the cost of the new entitlement spending would reach at least $2.5 Trillion, not $1 Trillion as advertised by the White House.
The government’s track record with making accurate estimates for entitlement programs is abysmal! The actual final cost will likely be several times the current estimate.
On Friday 4.2.10, Obama said he did a full court press for a healthcare system remake because “this country was going to go bankrupt.” [This country is going to go bankrupt, and his actions are hastening the outcome.]
OBAMA’S BUDGET USES TAX DOLLARS TO PROMOTE ABORTION
Obamacare is bad enough, but now he has put that same radical agenda into his proposed budget. It contains numerous pro-abortion provisions including public funding of abortions in the District of Columbia.
Gary Bauer stated that Obama’s budget “allows the Legal Services Corporation (financed by your tax dollars) to file lawsuits against pro-life legislation. It also provides more money for Planned Parenthood and reinstates funding for the United Nations Population Fund, which has supported China’s one-child policy.”
BROKEN PROMISES ON OBAMACARE
Throughout his presidential campaign, then-candidate Barack Obama promised the American people: “If you’re a family that’s making $250,000 a year or less, you will see no increase in your taxes.” After he became president, Barack Obama reiterated that pledge, even on national television.
But Obamacare does contain tax hikes. None of these taxes touches the lives of every American as closely as the individual mandate to purchase health insurance. In fact, the Congressional Budget Office estimates that it will cost Americans $4 billion a year. There are over 20 new or higher taxes in Obamacare; several will go into effect on January 1, 2011.
The Obama Administration has a slight problem with the constitutionality of Obamacare’s individual mandate. To build their case, his Justice Department is now arguing that the mandate is a tax!
Obama repeatedly insisted that Obamacare was not a tax and now his administration is saying the exact opposite. What does this tell all of us about Obama’s integrity?
THE TRUE COST OF OBAMACARE
Remember how President Barack Obama promised that his health care plan would reduce the deficit and put us on a path toward fiscal responsibility? On 5.28.10, CBO Director Doug Elmendorf wrote on his blog:
The central challenge is straightforward and stark: The rising costs of health care will put tremendous pressure on the federal budget during the next few decades and beyond. In CBO’s judgment, the health legislation enacted earlier this year does not substantially diminish that pressure. In fact, CBO estimated that the health legislation will increase the federal budgetary commitment to health care (which CBO defines as the sum of net federal outlays for health programs and tax preferences for health care) by nearly $400 billion during the 2010-2019 period.
According to one recent estimate, Obamacare will add more than $500 Billion to the deficit over the next 10 years and $1.5 Trillion in the decade following. No wonder support for the repeal of Obamacare continues to grow.
OBAMACARE “FIXES” ADD TO THE COST
The costs of Obamacare just keep going up and up. Every week it seems we get more news that the Obama/Reid/Pelosi socialized medicine bill is going to cost a lot more than we were told. Anyone with an ounce of common sense knew that. The Government cannot do anything more efficiently than the private sector.
A May 2010 report from the Congressional Budget Office (CBO) finds that Obamacare may cost an additional $115 billion, pushing the total price tag above $1 trillion.
The Congressional Budget Office said the added spending includes $10 billion to $20 billion in administrative costs to federal agencies carrying out the law, as well as $34 billion for community health centers and $39 billion for Native American health care.
There is ample evidence that the CBO may be underestimating Obamacare’s true costs. The writers of Obamacare purposely omitted the Medicare “Doctor Fix.” According to the CBO, this will result in a spending increase of between $250 Billion and $400 Billion over a decade.
The CLASS Act gimmick is a long-term insurance program where people sign up and pay premiums for five years before they can receive benefits. This will cost $70 Billion over 10 years.
Medicare cuts were counted twice. This amounts to $400 Billion over 10 years.
STAY ALERT ON OBAMACARE
Senate Majority Leader Harry Reid declared in July:
“We’re going to have a public option…It’s just a question of when.”
On 7.26.10, Congressman John Fleming, M.D., wrote:
If you thought the worst of the health care debate was behind us, think again.
Earlier this week, 128 liberal Democrats joined California Democrat, Lynn Woolsey on a new bill, H.R. 5808, that would amend the new health care reform bill to create a public option in the new health insurance exchanges.
While there are a few minor changes in this new bill, this public-option model is nearly identical to the original government health care plan we fought so hard against and defeated just 6 months ago.
Obamacare is a healthcare bill that authorized and established a program; however, each year Congress has to vote on the appropriations (money) to be spent for each department and agency in the government. By law, appropriations must originate in the House.
If enough conservative Republicans can be elected to the House (and Senate) in Nov. 2010, they can decide not to fund Obamacare.
If no funds are appropriated for the tens of thousands of federal employees necessary to implement the Obamacare program, the devastating effects of the bill can be stopped.
By keeping Obamacare from being implemented, this will give the repeals and lawsuits enough time to wind their way through the court system, eventually leading to the complete undoing of Obamacare.
We have our marching orders. We American voters have the power at the ballot box to stop Obama’s reckless budgets and healthcare bill.
FLOWCHART SHOWS WHAT A “MONSTER” OBAMACARE REALLY IS
Please click on this pdf link to see a flowchart meticulously compiled by the minority staff in Congress. Congressman Kevin Brady said that the analysts could not fit the entire healthcare bill onto one chart; therefore, the flowchart only shows “about one-third of the complexity of the final bill.”
Download Chart (PDF format)
Besides the maze of more than 159 new federal agencies contained in Obamacare, one of the most important things to notice in the flowchart can be seen by looking at the bottom of the chart. On the far right is the “Patient.” On the far left is the “Physician.” Please notice all of the intervening federal agencies that will come between the Patient and the Physician.
When Obama pushed Obamacare through Congress, he promised Americans that the federal government would not come between them and their physicians. This is another one of Obama’s broken promises.
(This is the end of Part IV of 6.)
Part I of 6: http://www.educationnews.org/index.php?news=100492
Part III of 6: http://www.educationnews.org/business/100688.html
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