Conservative Wanderer

“A troubled and afflicted mankind looks to us, pleading for us to keep our rendezvous with destiny; that we will uphold the principles of self-reliance, self-discipline, morality, and, above all, responsible liberty for every individual that we will become that shining city on a hill.” — Ronald Wilson Reagan

Another Nail In ObamaCare’s Coffin

Even the AP isn’t trying to hide bad reports anymore:

A new report from government economic analysts at the Health and Human Services Department found that the nation’s $2.5 trillion annual health care tab won’t shrink under the Democratic blueprint that senators are debating. Instead, it would grow somewhat more rapidly than if Congress does nothing.

More troubling was the report’s assessment that the Democrats’ plan to squeeze Medicare for $493 billion over 10 years in savings relies on specific policy changes that “may be unrealistic” and could lead to cuts in services. The Medicare savings are expected to cover about half the nearly $1 trillion, 10-year cost of expanding coverage to the uninsured.

In still more bad news, the report starkly warned that a new long-term care insurance plan included in the legislation could “face a significant risk of failure” because it would attract people in poor health, leading to higher and higher premiums, and eventually triggering an “insurance death spiral.”

The one bright note: The bill would provide coverage to 93 percent of Americans, reducing the number of uninsured people by about 33 million, the report said.

It’s truly a sad state of affairs (for those who support government-run health care) that the one “bright note” the AP can find is actually somewhat of a failure, because it falls well short of one of the oft-stated goals of “universal (that is, 100%) health care” (nevermind that we already have that since hospitals are required by law to treat anyone that presents for treatment regardless of ability to pay).

Makes one wonder why Harry Reid is still pushing for a vote… you’d think sooner or later he’d get smart and back away from what is looking more and more like an impending disaster for his party.

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