What the Government Isnt Telling You About the New...
Rated • 1 review • politics • moneymorning.com
From the page: "The bill will significantly increase federal healthcare spending - by about $185 billion in 2019, according to the Congressional Budget Office (CBO). It will involve a substantial increase in taxes - by about $100 billion in 2019. It will compel everyone to buy healthcare, even the young and healthy, which ought to reduce costs.
But the political classes seem to have brought forth a miracle: According to the CBO, the plan will actually increase healthcare premiums for individuals and small business by an average of 10% to 13% in 2016.
The American healthcare system is already the most expensive in the world, at a total cost of nearly 17% of U.S. gross domestic product (GDP). After the better part of a year of effort by the Obama administration and Congress, one would have hoped that one result of this healthcare-system makeover would have been a measurable reduction in costs. Instead, this bill increases it. It's only a modest increase, to be sure. But it's still an increase."
But the political classes seem to have brought forth a miracle: According to the CBO, the plan will actually increase healthcare premiums for individuals and small business by an average of 10% to 13% in 2016.
The American healthcare system is already the most expensive in the world, at a total cost of nearly 17% of U.S. gross domestic product (GDP). After the better part of a year of effort by the Obama administration and Congress, one would have hoped that one result of this healthcare-system makeover would have been a measurable reduction in costs. Instead, this bill increases it. It's only a modest increase, to be sure. But it's still an increase."
