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Obama Care

Debating with the enemy


 
 
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Old 07-23-2009, 02:42 PM   #11
Slingin Sammy 33
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Re: Obama Care

Some more red ink to consider:

After 10 Years, Health Care Coverage Costs Turn Into Unfunded Mandate - Political News - FOXNews.com

From the article: For instance, one of the ways the House is raising funds to offset the cost of the health care reform is by "saving" some $380 billion from Medicare spending, according to the CBO.
But Medicare is already on the brink of collapse. Medicare Part A has $38 trillion in unfunded liabilities. Any savings from Medicare would likely be used to help prevent its own financial problems.
The Medicare Trust Fund also will not have enough money to pay its bills in 2017, just four years into the new reforms and yet no provision has been made to fix that. In fact, Medicare will need another $228 billion just from 2017 to 2019 to pay for promises already made by the federal government.
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