Posted on 09/10/2009 9:42:39 AM PDT by Mobile Vulgus
A couple of stories have recently come out that really put the lie to President Obama's claims that "his" healthcare bill is revenue neutral. These on top of the original plan-killing news that came out of the non-partisan Congressional Budget Office in July. In July the CBO said that Obama's plan was clocking in at over a trillion dollars and said there would be no savings despite the rosy picture that the administration tried to paint for it all.
Early in September, the CBO dealt Obamacre yet another body blow to its claims of fiscal savings. CNSNews reports that the current House health bill will hike Medicare drug coverage premiums twenty percent forcing seniors to pay more for the same coverage they currently have.
“Overall, CBO estimates that enacting the proposed changes would lead to an average increase in premiums for Part D beneficiaries, above those under current law, of about 5 percent by 2011,” CBO Director Douglas Elmendorf said to Camp in a letter. “That effect would rise over time and reach about 20 percent in 2019.”So much for "helping" Seniors save costs!
Read the rest at Publiusforum.com...
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