Sunday, July 19, 2009

In The Bowels of Øbamacare

Michelle Malkin has done our work for us. As annoying and time-consuming as it is, you will find yourself even more appalled and disgusted than you were before when you read the abomination that is Øbamacare.

You don’t need an accounting degree or clairvoyant powers. The administrative costs and spillover spending effects will be astronomical. Look at existing federal programs. In 1966, the Office of Management and Budget put the total taxpayer costs for Medicare at $64 million. In 2011, Medicare costs are expected to balloon to nearly $500 billion. Medicaid cost $770 million in 1966. By 2011, that program will cost taxpayers an estimated $264 billion. The Virginia-based Council for Affordable Health Insurance estimated that the administrative expenses of both programs last decade were 66% higher than those of private sector health insurance companies.

And we ain’t seen nothing yet. House Republicans on the Joint Economic Committee sifted through their opponents’ 1,018-page health care bill and released a dizzying flow chart detailing the Byzantine bureaucracy Obamacare would create. Washington would become the home of at least 31 new federal programs, agencies, and commissions to oversee the government-run health insurance regime.

You've seen the chart. I posted it here a few days ago. It looks like a satire...but it's real.

Check out the rest of Malkin's article, for the whole lowdown on this atrocious power grab.

wtp

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