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CBO: Doc fix will cost more than anyone thought
Hot Air ^ | May 5, 2010 | Ed Morrissey

Posted on 05/05/2010 12:51:36 PM PDT by Free ThinkerNY

Legislate in haste, repent at leisure. The ObamaCare bill signed by Barack Obama after getting hastily and repeatedly rewritten in backroom negotiations by Nancy Pelosi and Harry Reid turns out to cost a lot more than they admitted — and in new areas that keep appearing after its passage. The CBO now estimates the “doctor fix” that Pelosi and Reid promised to the AMA in exchange for their support will cost much more than the Democratic leaders admitted, emphases mine:

The debate over what to do about Medicare payments to doctors continues. Physicans have been lobbying ”to repeal the Sustainable Growth Rate formula, which triggers automatic Medicare payment cuts if spending rises above a certain level,” CongressDailyreports. Those cuts have been put off for years.

On Friday, the Congressional Budget Office said that just freezing current Medicare payment rates to doctors would likely cost nearly $276 billion through 2020, a 33 percent increase from legislation that would “accomplish that goal introduced late last year by Sen. Debbie Stabenow, D-Mich., estimated to cost $207 billion at the time” according to CongressDaily. ”Aides on both sides of the aisle attributed the cost increase to assumptions of an improved economy, which tends to add more to the cost of health services, as well as demographic changes that foresee increased numbers of retirees in 2020 over the previous year.”

(Excerpt) Read more at hotair.com ...


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1 posted on 05/05/2010 12:51:36 PM PDT by Free ThinkerNY
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To: Free ThinkerNY

i'm shocked!!!

2 posted on 05/05/2010 12:52:01 PM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: Free ThinkerNY

Those of us who can do math are not surprised.


3 posted on 05/05/2010 12:57:15 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Free ThinkerNY

We all know they cooked the books (repeatedly)


4 posted on 05/05/2010 12:58:58 PM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: Free ThinkerNY

Anyone who had an ounce of common sense never believed the claim it would decrease the deficit one iota.


5 posted on 05/05/2010 1:00:23 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Free ThinkerNY

Hmmmmmmmm...feather, please...I’m still standing.


6 posted on 05/05/2010 1:01:54 PM PDT by jessduntno (I am not a racist. You're just saying that because I'm white.)
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To: Free ThinkerNY
CBO: Doc fix will cost more than anyone thought

This is my surprised face:

{:-O

7 posted on 05/05/2010 1:02:36 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
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To: Free ThinkerNY

Criminal.


8 posted on 05/05/2010 1:04:26 PM PDT by FES0844
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To: Free ThinkerNY

In short, the politicians are either malignant liars or negligent incompetents. Either way the results are the same, the American taxpayer is screwed, the illegal alien, the bungled, the criminal etc. etc. are enriched.


9 posted on 05/05/2010 1:04:40 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Free ThinkerNY

Barack Obama lied? Nancy Pelosi lied? Harry Reid lied? Next thing you’ll tell me there’s no Santa Claus.


10 posted on 05/05/2010 1:05:58 PM PDT by FourPeas (God Bless America)
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To: Free ThinkerNY

lemmee...guess...how UNEXPECTED!!


11 posted on 05/05/2010 1:06:42 PM PDT by mo
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To: Free ThinkerNY

There are three types of people in the government. Those who can do math and those who can’t.


12 posted on 05/05/2010 1:07:41 PM PDT by mbynack (Retired USAF SMSgt)
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To: Free ThinkerNY

I’m shocked, are you telling me that mac daddy lied?

Oh wait, his lips were moving - never mind.


13 posted on 05/05/2010 1:12:01 PM PDT by chiefqc
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To: BitWielder1

For those who voted for this monster I believe that not only can they NOT do the math but they CANNOT read.

November can not come soon enough.


14 posted on 05/05/2010 1:14:35 PM PDT by chiefqc
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To: Free ThinkerNY

15 posted on 05/05/2010 1:18:44 PM PDT by Danae (Don't like the Constitution, try living in a country with out one.)
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To: Free ThinkerNY; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...

The list, ping


16 posted on 05/05/2010 1:21:12 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Free ThinkerNY

17 posted on 05/05/2010 1:23:32 PM PDT by RedCell (Honor thy Father (9/6/07) - Semper Fi / "...it is their duty, to throw off such government...")
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To: Free ThinkerNY

Shock-a-roo./s


18 posted on 05/05/2010 1:25:41 PM PDT by Earthdweller (Harvard won the election again...so what's the problem.......?)
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To: Nachum

Thank you FRiend. Adding to Obama-nomics research. [Link in profile.]


19 posted on 05/05/2010 1:44:47 PM PDT by Arthur Wildfire! March (We knew deep down it was this bad. Devour ugly truths with glee -- truth is our weapon.)
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To: Red Badger
"i'm shocked!!!"

Who Wooda Thunk It!

20 posted on 05/05/2010 1:52:04 PM PDT by YHAOS (you betcha!)
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