Obamacare Reduces the Deficit? Really?

March 19, 2010 at 10:56 (Constitution/Constitutional Issues, Economy, General Stupidity, Gripe, Health, News, Politics, Society)

Riiight. And all my social security money I have put in is sitting in an account just waiting for me.

Do you know where your social security money you paid is? It’s been taken and spent by the government. There is an IOU in your account called a t-note that says the government will pay you back. But where does the government get the money, especially considering that now for the first time in history social security is paying out more than it is taking in? It comes from you and me.

So the government steals your money, then takes more of your money to pay you back. People go to jail for this sort of BS in real life. But there it is. And it’s criminal. Constitutionally, morally, ethically criminal. And you think this will be different? Please.

Wading deep into documents available from CBO and the House and Senate Budget Committees reveals that the claim that Obamacare, in the form of the Senate health bill Democrats are now trying to deem through the House, would reduce the deficit is based on the assumption of an immediate 21% cut in payments to doctors and hospitals under Medicare. But that is just the beginning.

The growth of these payments would be arbitrarily limited over time, so this cut would effectively become bigger and bigger. For the second 10 years, the claim that Obamacare would reduce the deficit by close to a trillion dollars is based on assumed Medicare cuts over those years of over $2 trillion.

This would cause havoc and chaos in health care for America’s seniors. They would often not be able to find doctors, specialists and hospitals to provide needed health care. Most enjoying superior coverage from Medicare Advantage plans would lose that coverage, as indicated by the Chief Actuary for Medicare. Investment in new health care technology, new breakthrough medical treatments and services, and new miracle cure drugs would dry up, which has already started.

But if Congress does not allow those cuts to go into effect, Obamacare will further explode the deficit. The new CBO score regarding the House reconciliation bill does not change any of this.

America today suffers the spectacle of a President of the United States, and Democrat Congressional leadership, proclaiming to the nation that their socialized medicine plan will reduce budget deficits, based on fantastic assumptions of trillions of dollars in intractable cuts to Medicare that would leave that program unworkable in delivering health care to the America’s seniors.

Medicare already suffers an unfunded liability of $38 trillion according to Medicare’s own government actuaries.

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