Larry Summers: Obamacare Is Already Accomplishing More Than Expected

dailyfinance & CNBC ^ | November 13, 2013 | Matthew J. Belvedere

[rightwingintelligentsia]

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.

[rightwingintelligentsia]

Oops! CNBC is the source of the article, but it appears that the link is on AOL Daily Finance. Mods, do you need to update?

[henkster]

“Obamacare Is Already Accomplishing More Than Expected”

Depends on what you are trying to “accomplish.”

[Farnsworth]

he’s right, it’s created two healthcare systems, one for the elites and one for the serfs......as it was designed for all along.

[massgopguy]

ObamaCare: Uninsuring the Insured since 2009.

[Paladin2]

Summers needs to go get bent.

[massgopguy]

ObamaCare: Uninsuring the Insured since 2009.

[MrB]

That was the point.
Those that were insured, privately, are people he doesn’t like. Responsible, independent people.

[nascarnation]

the Federal Reserve should concentrate on pushing the economy to expand.

Let the party at Ben & Janet's continue!

[rightwingintelligentsia]

I am amazed he stayed awake long enough for the interview.

[publius911]

Former Treasury Secretary Lawrence Summers told CNBC on Wednesday that Obamacare has already yielded benefits to the economy.

Sure it has...

We all know that every dollar spent on welfare (Medicaid) yields $1.79 in benefits to the economy!
The money fairy, (Nancy Pelosi) lives!

< /sarc >

[DJ MacWoW]

Click The Pic To Donate

Support FR, Donate Monthly If You Can

[nascarnation]

we have bent the [cost] curve on health-care costs

No you dumb@ss, it's the ongoing Baraqqi Depression that has done it. MIT and Harvard degrees and he's an idiot.

[Oshkalaboomboom]

In a way he’s right. I doubt that many people expected to be kicked off of their plans.

[publius911]

But he said that health-care reform has cut costs as a percentage of GDP. "That offers huge promise with respect to the future of the federal deficit, which looks much less serious than it did even a couple of years ago."

Obamamath?
The math fairy?

What?
Credible documentation, doofus!

[SES1066]

Obama’s first choice as replacement Fed Head, boy did we ever escape that bullet ... oh, wait, Janet Yellen ... hmmm Scylla meet Charybdis!

Conclusion, sanity does not exist in this administration!

[Junk Silver]

[nascarnation]

I read the book by Auto Czar Steve “the rat” Rattner who worked for Larry in the regime.

Larry’s ego is even larger than Steve’s LOL...

[publius911]

"That offers huge promise with respect to the future of the federal deficit, which looks much less serious than it did even a couple of years ago."

Good grief!
Endless "stuck on stupid games"!
For Obama and his flying monkeys, "only" three times the national Debt that he inherited would be a FREAKING BLIP, NOT HUGE, TO ANY NORMAL PERSON.

What are we approaching now? Four times?

Wait!
Flash!
The second derivative of the rate of increase has decreased by 80%!

[paudio]

Yes, helping conservative Republicans make their case against it...