Professor Samuelson posted another hit: Obama's Misleading Medicine
"Evaluations of proposals reflect this reality.
The Congressional Budget Office judges that the legislation in the House would, through expanded Medicaid and subsidies for private insurance, cut the uninsured to 17 million in 2019 from 46 million in 2007.
But the cost would be $1 trillion over a decade; of that, $239 billion would add to the budget deficit.
Worse, the costs would rise faster than the sources of financing, including a tax on the wealthy.
In 2019, the projection's last year, the deficit would be $65 billion. Assuming that deficit rises 4 percent a year, the cumulative shortfall in the second decade would total about $800 billion."
Reform or a massive tax increase?
James C. Capretta & Yuval Levin put it this way: Obamacare: It's Even Worse Than You Think
"As these facts have become clear, Obama's standing has fallen and public opinion has grown decidedly less enthusiastic for the administration's approach.
The trend is likely to continue, because the details of the plan reveal that its two most serious drawbacks--its cost and the prospect of government rationing--are worse than even most of their critics have grasped."
Wonder why they don't want you to read the bill?
This is not reform. We don't think that reform means turning the US into a failed Euro welfare state!
