ObamaCare Revealed: The “Good”, the “Bad” and the “Ugly”

ACA Title 1, Sec. 1563. Sense of the senate promoting fiscal responsibility: “Ugly” – No way is this Law going to reduce the federal deficit. This section is the explicit statement by Congressional sponsors of the expectation that the ACA will reduce the $17+ trillion federal deficit between 2010 and 2019 and improve the solvency of the Medicare Part A Trust Fund. I am sorry, but somebody is definitely smoking something. This is a huge case of wishful thinking with somebody else’s money. The net economic effect of the ACA as it currently stands will be to significantly increase the deficit and the insolvency of the Medicare program. It does not take a PHD economist to recognize that significant expansion of health insurance coverage without adequate cost controls will not lead to lower total health costs, no matter how creative your accounting practices are. Shame on you CBO!

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