To the brainwashed Obamabot, it’s just free healthcare. To the rest of the country, it’s an unaffordable monstrosity. Glad we passed it so we could see what was in it…
From the Washington Post:
President Obama’s landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.
The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.
The 2010 law does generate both savings and revenue. But much of that money will flow into the Medicare hospitalization trust fund — and, under law, the money must be used to pay years of additional benefits to those who are already insured. That means those savings would not be available to pay for expanding coverage for the uninsured.
“Does the health-care act worsen the deficit? The answer, I think, is clearly that it does,” Blahous, a senior research fellow at George Mason University’s Mercatus Center, said in an interview.
Ed Morrisey at Hot Air reports on the administration’s response to the study – which is to say, they have no real response at all.
What does the administration have to say in response? An OMB official told the Washington Post (without going on the record) that Blahous was using “new math” to undermine the credibility of Obama’s reforms, in an attempt “to refight the political battles of the past.” However, this isn’t about the past at all; it’s about the future of Medicare andthe deficit. The White House response appears to fall into the Pelosiesque “we had to passit to see what’s in it” category, with the addendum of “and now it’s too late to argue about it.” We’ll see if that’s true.