The Democrats really can’t seem to get their arms around economics when it comes to Obamacare. Pelosi’s House fiasco will raise its ugly head in conference after the Reid-Bacus committee bill is passed by the Senate. Yet that Senate bill really doesn’t work economically as advertised.
The insurance industry had the gaul to commission a cost study of the proposal by Price Waterhouse Coopers which study concluded that healthcare premiums would go up not down under the bill. Nancy-Ann DeParle, Obama’s director of the White House Office of Health Reform felt “blindsided,” according to Rich Lowry’s NRO post bearing the same headline.
To make matters worse Max’s bill loses its attempt at mandated universality with a non-insurance fine that’s too low; Dick Morris calls it a mere “slap on the wrist,” in his Real Clear Politics post today.
What’s really sad is the way the CBO has been browbeaten into submission reviewing the Bacus bill conceptually and issuing the fantastic pronouncement that while costing some eight hundred billion dollars in would in fact reduce the deficit!
Yep, economics for the Democrats in their crusade to impose socialism on America seems more and more like a game of wack-a-mole!
Tom Motherway