Posted on 11/13/2013 1:30:59 PM PST by rightwingintelligentsia
Edited on 11/13/2013 2:26:36 PM PST by Admin Moderator. [history]
Former Treasury Secretary Lawrence Summers told CNBC on Wednesday that Obamacare has already yielded benefits to the economy. He also said the Federal Reserve should concentrate on pushing the economy to expand.
"If you look at the medium run and the long run, the important thing that's happened for growth is, that in the last three years since Obamacare was passed, we have bent the [cost] curve on health-care costs," he said in a "Squawk Box" interview.
(Excerpt) Read more at dailyfinance.com ...
Well he’s right. Summers know what the end game is....socialism for the masses but wealth made on the taxpayer dime for the crony corporatists.
No wonder Summers and Dems want Obamacare-—they need the mental health coverage!!!
You mean put us on a path to single payer which was the Dems original idea..yeah he’s basically right it has accomplished that
“We’ve bent the curve on health costs”
Unless you count the cost of premium, the loss of jobs, and the money borrowed it was real genius.
If ObamaCare was designed to knock Obama off Cloud Nine and drop him down to Earth among mere mortals it has been a tremendous success.
(Funniest thing to come out of Mad TV)
correlation is not causation
the Obamacare sanctioned insurance plans have not evem been in effect for anyone yet, particularly NOT during the period of time Summers is referring to and therefore, knowing (as we do) that correlation is not causation, what is Summers factual grounds for an Obamacare relationship to lower-health-care costs? Zero, zip, nada. The fact is that they were already trending lower, without Obamacare.
Yeah summers - tell that to people who have had their health insurance premiums double or more.
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