Monday, July 9, 2012

Dissecting the Real Cost of Obamacare

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Dissecting the Real Cost of Obamacare Tube. Duration : 4.23 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Tax Act Online . I love Richard Land's live show on Saturdays. richardlandlive.com The following are remarks made by Congressman Paul Ryan of Wisconsin, the ranking Republican on the House Budget Committee, about the cost of the House and Senate health-care bills at President Obama's Blair House summit on health care, Feb. 25: Look, we agree on the problem here. And the problem is health inflation is driving us off of a fiscal cliff. Mr. President, you said health-care reform is budget reform. You're right. We agree with that. Medicare, right now, has a trillion unfunded liability. That's trillion in empty promises to my parents' generation, our generation, our kids' generation. Medicaid's growing at 21 percent each year. It's suffocating states' budgets. It's adding trillions in obligations that we have no means to pay for . . . Now, you're right to frame the debate on cost and health inflation. And in September, when you spoke to us in the well of the House, you basically said—and I totally agree with this—I will not sign a plan that adds one dime to our deficits either now or in the future. And if you take a look at the CBO analysis—analysis from your chief actuary—I think it's very revealing. This bill does not control costs. This bill does not reduce deficits. Instead, this bill adds a new health-care entitlement at a time when we have no idea how to pay for the entitlements we already have. Now let me go through why I say that. The majority leader said the bill scores as ...
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