HEALTH "REFORM" THAT ISN'T

Despite the rhetoric, health care costs will rise under the President Obama's "reform"

The health care conundrum involves a contradiction that the administration steadfastly obscures: in the short run, government cannot both insure the uninsured and rein in health spending:

• The Congressional Budget Office (CBO) judges that the cost would be $1 trillion over the decade; of that, $239 billion would add to the budget deficit.
• Worse, the costs would rise faster than the sources of financing, including a tax on the wealthy; in 2019, the deficit would be $65 billion.
• Assuming that deficit rises four percent a year, the cumulative shortfall in the second decade would total $800 billion.

Judged objectively, such 'reform' may do exactly the opposite of what Obama says. It would bloat spending, not restrain it.

But because the president is so well spoken, he has the ability to make misleading statements sound reasonable or sophisticated... [and go unchallenged by our professional media]

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