Monday, December 21, 2009

Why ObamaCare is a disaster.

The Senate voted for cloture on the ObamaCare bill in the wee hours of the morning. That required 60 votes. Actual passage of the bill only requires 51, so passage looks highly likely. (Would you believe a done deal?)
Right now the United States spends twice as much on health care as any other country in the world. US public health is not the best in the world, a number of other countries have greater life expectancy and lower infant mortality than we do. In short we are wasting vast sums of money on health care.
Obamacare will make tens of millions more eligible for medical benefits. This will pour another god awful amount of money into health care.
America cannot afford today's health care costs. 18% of GNP gets poured down the health care rathole. Obamacare will jack that up a lot.
Obamacare does nothing for the malpractice scams that enrich lawyers, does nothing to allow interstate sale of health insurance. and does nothing to permit importation of cheaper prescription drugs.
Obamacare is going to pay for itself by taxing healthcare. This ain't gonna work.
In short, the costs of Obamacare are great enough to drag the United States into a permanent recession. Kind of like the lost decade in Japan.
Start tightening your belts folks, life is gonna get a lot worse.

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