Friday, May 28, 2010

CBO Director Dr. Douglas Elmendorf destroys Obamacare claims

Keith Hennessey has a great post (with graphs) about the CBO Director's destruction of President Obama's claim to bend the health care cost curve down and reduce the deficit. The Graphs are from a presentation by CBO Director Dr. Douglas Elmendorf. In the above graph, the light blue line represents new spending on health care mandated by Obamacare.

Among the findings of the presentation are:
1. those with health insurance will have less money available for other needs;
2. it will be harder for the uninsured to buy insurance; and
3. government spending on Medicare and Medicaid will break federal and state budgets.

Read the entire post and see all the graphs here.

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