If the power of capitalism and free markets were unleashed on health care, we would immediately see costs go down. The poorest people in society could afford high-quality health care products and services. Witness this story about fifty-cent microscopes. Private sector innovators have developed microscopes that can be sold for less than the price of …
Category: Slave Plantation Healthcare
Feb 20
Medicare Has Cost Ten Times More Than Government Predicted
Medicare was pitched in 1965 as being economically responsible. Its promoters in Congress estimated that the Medicare bill would cost $1.1 billion for the following two years. The day after the bill was signed into law, its costs were widely estimated to be $6.5 billion over a decade. The House Ways and Means Committee said …
Feb 15
CONGRESSIONAL BUDGET OFFICE ESTIMATES THAT OBAMACARE WILL REDUCE TOTAL HOURS WORKED BY 1.5 TO 2 PERCENT
In February 2014, the Congressional Budget Office (CBO) released an overlooked report on the “Labor Market Effects of the Affordable Care Act.” The Report provided updates of earlier estimates, and by February 2014 the CBO was able to draw on more accurate data than the CBO had cited in its earlier reports. CBO estimates that …
