Two Steps Forward, Three Steps Back
A Council of Economic Advisers report argues that health care reform would boost economic growth by about $100 billion a year. Even if we accept this rosy forecast, the assessment largely overlooks the fact that the cost of the administration's health plan is about $150 billion a year.
It’s amazing that they put out that crap and expect the public to buy it.
President Obama said he would save families $2,500 a year on health care. Now this savings won’t happen till 2020, what a scam.
Doing away with medical underwriting will cost young healthy families a lot more than $2,500 a year in the short term. I think we should do away with medical underwriting in life insurane too to help bring down the high cost of life insurance.
I predict President Obama is really going to stutter when he tries to sell his Socialized Medicine plan.
There are some good economists at the CEA, but people seem to lose all academic integrity when they go to work for government.
And the increase in taxes needed to finance the reform plan would reduce growth by how much?