We've spent a lot of time over the past couple of years talking about soaring healthcare premiums brought on by Obamacare. The price increases have been outright crippling for those forced to buy policies on the exchanges, up well over 100% over the past 4 years, on average, with some states up over 200%.
The White House has released its official statement with regard the CBO score, noting their "consistently inaccurate" and pointing out that "we know the facts."
Following a Tweet right after the release of CBO's official score of the House Healthcare Bill...
The White House issued a full statement on CBO Healthcare Report
The CBO has consistently proven it cannot accurately predict how healthcare legislation will impact insurance coverage.
Senate Republicans, led by Mitch McConnell, have just released 'modest' revisions to the "draft" healthcare bill that was dropped last week. The only substantive change appears to be the addition of a "waiting period" on those who allowed their coverage to lapse for a period of 63 days or more during the prior coverage year.
As Congress spends the next week and a half, if everything goes well, wrestling over how they can screw up healthcare in America even more, perhaps they should take notice of a new study from HealthView Services which highlights the fact that the real source of the healthcare crisis in this country is rising costs.
As Bloomberg notes, healthcare cost inflation is expected eclipse overall inflation and Social Security COLAs over the next decade.
Authored by Howard Kunstler via Kunstler.com,
Think of the ObamaCare reform debate now playing in the US Senate as the final gurglings of polity that knows it is whirling around the drain. They’re pretending to attempt to fix a racket that comprises eight percent of the American economy. Yikes! How did that happen? At the beginning of the 20th century it was one-quarter of one percent (.25 percent) of the economy.
Source: USGovernmentSpending.com