5 Reasons ObamaCare Will Add Far More Than $6.2 Trillion To Deficits

Investor's Business Daily ^ | 02/26/2013 | John Merline

[IBD editorial writer]

On Tuesday, Sen. Jeff Sessions touted a government report that blew a $6.2 trillion hole in President Obama's promise that his signature health reform wouldn't add a dime to the deficit.

According to the report by the Government Accountability Office, that promise rested entirely on several cost-control mechanisms in ObamaCare that almost no one thinks will work. [snip]

Still, bad as this $6.2 trillion deficit boost is, the real figure is likely to be much higher, since the GAO is still being far too optimistic about the rest of ObamaCare.

Here are five big assumptions the GAO makes that aren't likely to hold true.

[pieceofthepuzzle]

I spoke with someone not long ago who is in finance, but is very liberal. His comment was that ‘a healthy society is a more productive society’, thus Obamacare would help the economy. This is a very educated person. That statement is indefensible, superficial, and misinformed at so many levels, but this is the kind of thinking that fuels liberal ideology.

I would wager that most of those involved in the conception, writing, political wrangling, and defense of Obamacare could not have gotten through medical school and have no clue about the realities of taking care of patients.

[Venturer]

Without doubt the worst bill ever to pass Congress, signed by the worst President to ever sit in the White House.

He signed the bill and we still don’t know what is in it because Sebelius has the power to put anything she likes in it.

[Buckeye McFrog]

One reason I rarely hear mentioned is that this IPAB board is going to become a one-stop shopping center for political corruption.

You can just imagine what a large pharma company bent on increasing market share could achieve by spreading a little Walking Around Money amongst a handful of bureaucrats who have absolute control over the country’s health care decisions.