Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
This week the Senate Republican leadership unveiled its Obamacare replacement plan. Like its House counterpart, the misnamed Senate plan retains most of Obamacare’s core features.
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.
One of the primary reasons why GM files for bankruptcy back in 2009, much to the chagrin of the Obama administration not to mention the company's creditors, was because its pension and retirement benefits had become untenable (ignoring that the GM bankruptcy inverted the liquidation analysis on its head with bondholders crammed down at the expense of unions and pensioners who are a much bigger portion of the US voting population than a few bondholders on Wall Street).
Just last week we noted that McDonalds launched plans to replace 2,500 human cashiers with digital kiosks like the ones below (see: McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks: Here Is Its Math):