Saturday, April 24, 2010

Spitballing the numbers

Remember how Nancy Pelosi told the National Association of Counties that they needed to “pass the bill so that you can find out what is in it, away from the fog of the controversy." Well unfortunately they did pass the bill and we are beginning to find out what's in it.

On Wednesday, Kathleen Sebelius appeared before the House Appropriations Committee to discuss the appropriations for high-risk pool subsidies that ObamaCare provides to the states. The bill appropriated $5 billion for this program, but as Sebelius tells the committee, that was just a spit-balling number. In reality, no one has the faintest clue how much money will actually get spent on this program.

And according to an AP summary, a new report "found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, since Medicare cuts in the law may be unrealistic and unsustainable, the report warned."

It also "projected that Medicare cuts could drive about 15 percent of hospitals and other institutional providers into the red, 'possibly jeopardizing access' to care for seniors." So when the President told AARP members that "nobody is talking about reducing Medicare benefits," presumably he meant nobody but Medicare's chief actuary.

With these kinds of results coming to light, either President Obama and the Democrats don't know what they are talking about or do know, but decided to simply deny the truth. In either case, this doesn't bode well for this administration. Perhaps we'll soon be hearing, Obama lied and seniors died.

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