Economic experts from President Obama’s own Health and Human Services Department have released a devastating report noting that Obamacare “will increase national health care spending by $311 billion from 2010-2019,” according to the Associated Press. Even worse, “Medicare cuts may be unrealistic and unsustainable, driving about 15 percent of hospitals into the red and ‘possibly jeopardizing access’ to care for seniors.” In other words, to recall the words of House Speaker Nancy Pelosi, D-Calif., Congress had to pass the bill before we could begin discovering what’s in it. And what we are finding is frequently the opposite of what Obama, Pelosi and the rest of the Democratic advocates told us.
For instance, Obamacare does not require insurers to cover children with expensive pre-existing medical conditions. The White House instead merely extracted a promise from insurers that they would “do the right thing.” And state governments are no longer required just to guarantee payment for indigent patients’ care under Medicaid. Under Obamacare, they must also guarantee treatment to the poor, whatever the extra cost might be. And thanks to the “Cornhusker Kickback” — the special Nebraska provision that was extended to every state in the final version of the bill — taxpayers now have to pay for 90 percent of such costs.
