• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

3 Reasons Health Care Reform Won't Cut The Deficit By One Thin Dime.

Views:1008
@ReasonVids

One of the main selling points of health care reform was that it would cut the federal deficit by a supposed $143 billion over the next decade and a trillion-plus dollars in the one after that.

But not only will the legislation not cut one thin dime from the deficit, it will also certainly cost far more than the $940 billion in new spending already on the table for at least three reasons.

These include:

  1. Legislative Trickery. Congressional Democrats have pledged support for "the doc fix," a permanent upward adjustment to the rates at which Medicare providers are reimbursed. As Speaker Nancy Pelosi has said, "We have made a commitment to do this. This is very important." The cost of the "doc fix"? Some $247 billion over the next 10 years, wiping out any deficit reduction from health care reform.


  1. HIgher Premiums. In 2006, Massachusetts passed health care reform very similar to what President Obama just signed. The result? The Bay State now has the highest premiums in the country and cost about 33 percent more than expected.


  1. Bad Accounting. The government is terrible at predicting how much programs will cost, especially when it comes to medical care. Initial 1960s' projections of Medicare's costs in 1990 had the program costing about $12 billion; the actual result was almost 10 times that amount. As a Joint Economic Committee report notes, "Major health care proposals have almost always cost more...than the highest cost estimates published while the legislation was pending."


Approximately 2.19 minutes. Written and produced by Meredith Bragg, Dan Hayes, and Nick Gillespie, who also hosts.

Read more about health care reform and its costs at http://reason.com/topics/health-care

reason.tv
,
reason.com
,
reason.org
,
barack obama
,
health care
,
obamacare
,
nancy pelosi
,
harry reid
,
medicare
,
medicaid
,
meredith bragg
,
dan hayes
,
nick gillespie
    Thumbnail for The Case Against Jamie Oliver: Why the Naked Chef Should Take His "Food Revolution" Back Home6:53
    The Case Against Jamie Oliver: Why the Naked Chef Should Take His "Food Revolution" Back Home
    ReasonVids
    933 views
    Thumbnail for Freedom, Science Fiction and the Singularity: A conversation with author Vernor Vinge6:57
    Freedom, Science Fiction and the Singularity: A conversation with author Vernor Vinge
    ReasonVids
    913 views
    Thumbnail for Will Coronavirus Fears Lead to an Assault on Gun Rights?3:12
    Will Coronavirus Fears Lead to an Assault on Gun Rights?
    ReasonVids
    1050 views
    Thumbnail for Joe Trippi: "If the GOP Picks the Tea Party as the Party of the Future, it's Over"0:51
    Joe Trippi: "If the GOP Picks the Tea Party as the Party of the Future, it's Over"
    ReasonVids
    889 views
    Thumbnail for Biden Is Clueless About Inflation3:51
    Biden Is Clueless About Inflation
    ReasonVids
    1177 views
    Thumbnail for Shikha Dalmia Discusses Immigration at 2011 Students for Liberty International Conference33:51
    Shikha Dalmia Discusses Immigration at 2011 Students for Liberty International Conference
    ReasonVids
    946 views
    Thumbnail for Why Gay Marriage is Winning2:29
    Why Gay Marriage is Winning
    ReasonVids
    1010 views
    Thumbnail for Moral Markets: Paul Zak discusses Oxytocin, Trade, and Human Nature14:17
    Moral Markets: Paul Zak discusses Oxytocin, Trade, and Human Nature
    ReasonVids
    918 views
    Thumbnail for Garry Kasparov on Chess, the Cold War, and the West's Shameful Appeasement of Putin28:34
    Garry Kasparov on Chess, the Cold War, and the West's Shameful Appeasement of Putin
    ReasonVids
    1061 views
    Thumbnail for Are You an Independent Thinker?  Try Reason!0:30
    Are You an Independent Thinker? Try Reason!
    ReasonVids
    961 views
    Thumbnail for What Afghans Think About Bergdahl, the Taliban, and U.S. Intervention: Q&A with Author Anand Gopal6:10
    What Afghans Think About Bergdahl, the Taliban, and U.S. Intervention: Q&A with Author Anand Gopal
    ReasonVids
    906 views
    Thumbnail for Robert Higgs on The Decline of American Liberalism9:39
    Robert Higgs on The Decline of American Liberalism
    ReasonVids
    979 views
    Thumbnail for I Busted 400 Myths in GTA 5 | GrayStillPlays14:01
    I Busted 400 Myths in GTA 5 | GrayStillPlays
    invidious
    505 views
    Thumbnail for Nightly News Full Broadcast – Nov. 29 | NBC News21:10
    Nightly News Full Broadcast – Nov. 29 | NBC News
    invidious
    200 views
    Thumbnail for Ethnic cat0:15
    Ethnic cat
    AmericanMuskrat
    344 views
    Thumbnail for Nintendo’s Funniest Game… | cdotkom0:41
    Nintendo’s Funniest Game… | cdotkom
    invidious
    139 views
    Thumbnail for Reason's Nick Gillespie & Lisa Snell Call Bullsh*t on Public Education Abuses36:26
    Reason's Nick Gillespie & Lisa Snell Call Bullsh*t on Public Education Abuses
    ReasonVids
    1027 views
    Thumbnail for Buzz Bowl I: Four Loko vs Joose1:27
    Buzz Bowl I: Four Loko vs Joose
    ReasonVids
    948 views
    Thumbnail for Why You Should Support Reason: Al Sharpton Edition0:31
    Why You Should Support Reason: Al Sharpton Edition
    ReasonVids
    896 views
    Thumbnail for Inside Sharknado 2: Mockbusters, Remix Culture, and the Earnestness of Camp4:09
    Inside Sharknado 2: Mockbusters, Remix Culture, and the Earnestness of Camp
    ReasonVids
    1018 views
    Thumbnail for How Fashion Designers Are Outsmarting Facial Recognition Surveillance.11:06
    How Fashion Designers Are Outsmarting Facial Recognition Surveillance.
    ReasonVids
    1033 views
    Thumbnail for Market Seer Peter Schiff, on the U.S. Becoming an "Economic Wasteland"4:42
    Market Seer Peter Schiff, on the U.S. Becoming an "Economic Wasteland"
    ReasonVids
    924 views
    Thumbnail for How long have you had your Phone? | Speed McQueen 0:19
    How long have you had your Phone? | Speed McQueen
    invidious
    124 views
    Thumbnail for Capitalist Pig on Why Hedge Funds and Ayn Rand are Great for the Economy5:20
    Capitalist Pig on Why Hedge Funds and Ayn Rand are Great for the Economy
    ReasonVids
    942 views
    Thumbnail for What We Saw at the Save Our Schools Rally in Washington D.C.6:09
    What We Saw at the Save Our Schools Rally in Washington D.C.
    ReasonVids
    1007 views

points

Permalink
Reply
reason.tv
,
reason.com
,
reason.org
,
barack obama
,
health care
,
obamacare
,
nancy pelosi
,
harry reid
,
medicare
,
medicaid
,
meredith bragg
,
dan hayes
,
nick gillespie
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle