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Obama’s great healthcare budget deception

September 1, 2009

  The president likes to claim that his healthcare reform bill will save money; indeed his latest budget claims a $600 billion savings in healthcare, with additional taxes raising the healthcare savings to over $950 billion but there is one little problem with this analysis. It doesn’t include the costs of healthcare reform.

  I will take the president at his word on these numbers even though the article that I linked to above also shows estimates by the Congressional Budget Office that the president’s plan may only save $219 billion and not $600 billion before the tax increases. If the president is right and his reform bill will save $600 billion and an additional $300+ billion will be raised with new taxes that still leaves a net loss in healthcare reform as the Congressional Budget Office estimates that the reforms that the president will institute will cost $1 trillion dollars over the same ten years that he will save just over $950 billion.

  Under the president’s plan we will spend $1 trillion to save $954 billion; that is a net loss of over $40 billion, and that is if the president’s numbers are correct. If the Congressional Budget Office numbers are correct than the loss is substantially more.

  It really doesn’t matter whose numbers are correct, in the end we will be spending more on healthcare reforms than we will save with these very same healthcare reforms yet the president is ignoring this data as he pushes his healthcare reform on the people. This just proves what many of us already believe; healthcare reform in the president’s eyes in not about cutting the costs of healthcare and it is not about saving the people money, it is about government control. Pure and simple.

  Barack Obama is either ignorant of the facts, doesn’t understand economics, or is lying to the American people. Which option is it and which option is more alarming?

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One Comment leave one →
  1. rick's avatar
    rick permalink
    September 2, 2009 8:23 am

    The presidents mathematicians are using fuzzy math.
    It takes a modern mind educated in the most modern of public schools and colleges to understand fuzzy math.

    For example, recently the presidents mathematicians told Social Security recipients they will not be receiving a cost of living increase for the next two years because the cost of living has not and will not increase as a result of the current economic conditions.
    It is described thus:
    ($$$ + 0 + 0 = $$$)

    Three years ago a reduction in Social Security benefits would have been perceived as a cut and all hell would break lose from the state media machines ABC, CBS, CNN ect…because 0 increase was a cut in benefits.
    It was described thus:
    ($$$ + 0 + 0 = less $$$)
    You see? You must stay informed of the current truth’s in mathematics.

    “The total – the additional $332 billion needed to attain $954 billion — would come from tax increases on philanthropic and other tax-deductible giving and higher estate or “death” tax rates, states the report.”
    Now we know who the panel on aging and health worthiness will be informing of the regrettable decision not to renew their life saving medical procedures. They are too costly and your not worth it at your age…besides the money in your account is needed by the common good. Here take the red pill it will help you feel nothing.

    Like

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