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Obamacare’s Fatal Flaw

Editor’s note: This is from the upcoming issue of Time magazine:

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Again and again, their effort has brought us into a land of paradoxes. Public skepticism is warranted when the President promises to cut costs while simultaneously providing coverage to nearly 50 million uninsured people. It is even more warranted when his congressional allies seek to raise taxes to pay for all the new spending that this cost-cutting entails. We aren’t talking about short-term spending either; this isn’t a trillion-dollar investment in a new system that will ultimately save money. The Congressional Budget Office says the leading health-care-reform proposals will increase health-care spending and make the budget harder to balance in the long run. Yet saving money is the President’s principal stated rationale for reform.

http://www.time.com/time/magazine/article/0,9171,1914973,00.html

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August 7, 2009 - Posted by | Federal Government, healthcare | , ,

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