The chief actuary of the Centers for Medicare and Medicaid Services –a non-partisan oversight agency of the federal government– has analyzed the Obamacare bill passed by the House. The Hill links to the full report and you should wade through it.
Key takeaways from the auditor’s report:
*After 10 years under the new regime, 23 million Americans would still be without insurance;
*The bill cuts $570 billion from Medicare; and
*The bill does not stop the exploding cost of health care.
In a nutshell, Obamacare uses massive new tax hikes and massive cuts to Medicare to give health benefits to some of the currently uninsured, but does nothing to contain health costs. The Democrats spin on this devastating report cannot conceal that Obamacare fails every test of genuine “reform.” It is being pushed solely for political reasons, primarily to expand the size and reach of government and with it the public sector employee unions that power so much of the Democratic Party machinery.