Sunday, December 20, 2009

Zombie Obamacare - a frightening shell of a plan that just won't die

Yuval Levin:
The CBO assessment of the bill tells the appalling story. We are going to raise taxes by half a trillion dollars over the next ten years, increase spending by more than a trillion dollars, cut Medicare by $470 billion but use that money to fund a new entitlement rather than to fix Medicare itself, bend the health care cost curve up rather than down, insert layers of bureaucracy between doctors and patients, and compel and subsidize universal participation in a failed system of health insurance rather than reform or improve it. Indeed, this bill will make it exceedingly difficult to fix our health insurance financing system in the future, since it sucks dry the potential means of such reform but leaves the fundamental cost problem essentially untouched (and in some respects worsened.) After all the back and forth, pulling and tugging, it is hard to see what is left in this bill that any member of Congress, liberal or conservative, would want to support.

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