Yesterday the United States Senate unveiled their new healthcare overhaul plan claiming it will actually reduce the federal budget deficit by $127 billion over the next 10 years. If that fraudulent claim wasn’t so infuriating I would be laughing.
Let’s look at some of the creative ways Senate Democrats plan to reduce the federal budget deficit while simultaneously spending a trillion dollars:
1. New taxes on medical devices (a.k.a. The Tampon Tax)
2. New taxes on eeevil insurance companies (so much for keeping your private plan, insurers will be forced out of business)
3. Limitations on medical expenses that can be deducted from personal taxes
4. Huge increase in Medicare payroll tax
5. $465 billion in Medicare cuts (I like to call this a redistribution of healthcare from the elderly to the uninsured)
Half a trillion dollars in new taxes during The Great Recession aside, let’s not forget that the government never comes in under budget on ANYTHING. To think this will be the One Exception is delusional.
Here are a couple examples off the top of my head:
1. When Medicare was launched in the 1960’s budgeters projected the cost to be a paltry $12 billion by 1990. The actual cost in 1990 was $90 billion.
2. Medicaid was scored to cost $238 million in the first year. The actual cost was more than $1 billion.
What kind of fools do these people think we are? It’s bad enough to socialize the healthcare industry, shackle the economy with crippling new taxes, ration healthcare, and spend like drunken congressmen, but to suggest that we’ll actually be SAVING money by doing all of that is simply insulting.