Posted by
Always To The Right on Monday, July 27, 2009 12:33:14 PM
The CBO released a new analysis
of the House version of ObamaCare yesterday, after getting blasted by
White House budget director Peter Orszag for “exaggerating” the costs
associated with the proposal. Douglas Elmendorf tells Rep. Dave Camp
(R), the ranking member of the Ways and Means Committee, that the
changes proposed by the White House will have little impact on their
cost analysis, and that in fact the news gets worse in the second
decade after the first runs up a $239 billion deficit
It’s not exactly rocket-science mathematics on display here. If costs
go up but premiums and health-insurance payments are capped, guess who
pays for the rising costs? The federal government. The Obama
administration will claim that they’ve capped costs and people will see
their direct payments to health insurers and providers remain
fixed, but the government will have to enact massive tax hikes to pay
the back-end costs — which will come out of everyone’s pockets. Either
that, or the government will have to sharply ration care — which the
Obama administration denies will happen.