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Obamacare’s True Costs Coming to Light

Posted on June 2 2010 9:47 am
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Remember how President Barack Obama promised that his health care plan would reduce the deficitand put us on a path towards fiscal responsibility? Remember how Congress kept gaming the systemto come up with the Congressional Budget Office (CBO) score that could justify those claims? Well, now that Obamacare has become (hopefully only temporarily) the law of the land, the CBO is singing a slightly different tune. Last Friday CBO Director Doug Elmendorf wrote on his blog:

The central challenge is straightforward and stark: The rising costs of health care will put tremendous pressure on the federal budget during the next few decades and beyond.

Read the full article.

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