Scan Medical Insurance

If Obamacare is so good then why do economists urge its repeal? Think about it?

In the run up to Wednesday’s vote in the U.S. House of Representatives to abolish “Obamacare,” a group of prominent economists—including several former members of the President’s Council of Economic Advisers and two former directors of the nonpartisan Congressional Budget Office—have written the congressional leadership urging its repeal. In their letter, the nearly 200 economists from all over the United States—from the business world, from the academy, and from the think tank community—say that the repeal of the new nationalized healthcare law would “promote job growth and help restore the government to fiscal balance.” Obamacare, they write, “contains expensive mandates and penalties that create major barriers to stronger job growth. The mandates will compete for the scarce business resources used for hiring and firm expansion. The law also levies roughly $500 billion in new taxes that will enter the supply chain for medical services, raising the cost of medical services. At the same time that businesses juggle the potential for higher interest rates or higher taxes, these medical costs will translate to higher insurance premiums, further increasing the cost of operating a business in the United States.” Furthermore, they say, the new law “is fiscally dangerous at a moment when the United States is already facing a sea of red ink. It creates a massive new entitlement at a time when the budget is already buckling under the weight of existing entitlements. At a minimum, it will add $1 trillion to government spending over the next decade. Assertions that these costs are paid for are based on omitted costs, budgetary gimmicks, shifted premiums from other entitlements, and unsustainable spending cuts and revenue increases. A more comprehensive and realistic projection suggests that the Affordable Care Act [Obamacare] could potentially raise the federal budget deficit by more than $500 billion during the first ten years and by nearly $1.5 trillion in the following decade.” Forgot the link, http://www.usnews.com/opinion/blogs/peter-roff/2011/01/18/prominent-economists-urge-obamacare-repeal Now instead of 1 million illegals coming to America per year. There will be 10 million illegals pouring in.

Public Comments

1. Universal healthcare will give liberals another reason not to work. REPEAL IT
2. The problem with Obamacare is not what it does. I agree that universal healthcare sounds like a brilliant idea. The problem is, in a time of economic stagnation and huge debt, it's not something to pass. I would approve of Obamacare more if Clinton passed it. It's just saying to the American people "I know what you're going through, but I'm going to pass my agenda anyway".
3. THE ONLY ONES THAT BELIEVE IT IS A GOOD THING ARE THE LIBERALS.
4. How is paying into something an entitlement? Republicans want to continue to use our emergency rooms for free health care and then stick us hard working taxpaying liberals with the bill. When will republicans learn that here is no such thing as a free lunch?
5. The Health Care Law is a done deal. Folks just need to get over it and stop the rhetoric. It's all BS now from the Right. The majority do not believe it.
6. There will be partisan economists on both sides that will say anything. But if you think this bill isn't a huge financial burden, then you don't know much about the bill.
7. Same reason the government is handing out waivers left and right.
8. The health care reform act is a done deal -- as far as the OLD congress is concerned. The NEW congress has financial authority to regulate or incapacitate it at will. The senate will turn, and Obama will have no friends left--he started with a few, bought by the DNC and his chicago connections. He does not have the constitutional (how ironic) fortitude to withstand the onslaught of criticism he deserves.