Impact of health care law on US deficit
All-Star panel weighs in
- Duration 5:43
- Date Apr 11, 2012
All-Star panel weighs in
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As far reaching an economically significant law passed by the congress in many years.
And as a consequence is going to affect federal deficits either.
Hundreds of billions of dollars to the good.
As is implied by the score keeping convention floor in reality hundreds of billions of dollars -- the bad which is the case under the actual change in law.
Let's Charles Blair house for the study out saying the health care law actually we'll -- 340 billion dollars to the deficit over the next decade.
Jay Carney the white house Press Secretary responded -- this quote.
This is obviously -- partisan analysis that does not comport.
But the official presentations put forward by the CBO the Congressional Budget Office should be noted that -- was actually.
Approved by President Obama to be the Republican trustee for Medicare -- Social Security.
The White House is saying that he was appointed in consultation with Republican lawmakers.
And it's not it's.
That the president agreed with his analysis in this -- back with the panel.
How significant is this study even though the century works for demarcate -- senator is funded by Republican donors the Coke Brothers and others.
It seems like it is what this panel has been saying numerous times that the met the health care law double counted in -- edition.
I'm not sure it's effect on the election but he's absolutely right.
That under the CBO rose and it.
It's actually acknowledges.
That the rules -- requires a double counting.
Under then -- the CBO rules they were double counting half a trillion dollars that was going to the Medicare trust fund.
He was policy using that same half a trillion.
To spend on Obama can now in the real world you can only spend a dollar once you -- the present -- him when you have an imminent.
In your review about -- a year ago.
About this three times about the double counting and he danced around the because there's no answer.
So if you do the ordinary -- -- anybody any rational observer would look at.
And say actually he was it was half a trillion dollar underestimating him in terms of cost so -- is in deficit.
-- the new poll from Washington Post ABC news.
Supporter oppose the the health care -- support 39% -- 53%.
That poll is actually.
Lower in the opposition than some polls had been you've often had on your show.
The whole stack of pages of the health care law to point out how big it is how big a problem do you think this is for the administration.
This particular study I know I mean they -- -- -- law in general.
Well I hope it's a big problem the conceit.
Of -- 2400.
Page bill making anything better is an affront to free people.
Mean government has already mocked up Madison with all its rules and we don't even know what things cost when we go to the doctor's office nobody says.
She -- we're really need this MRI -- there -- cheaper place -- I can get it even the doctors don't know what things cost because other people pay.
And this would make that worse and I think the CBO estimate also assumes that they're gonna cut the reimbursements to doctors -- -- -- never done.
And are not going to do.
So I hope this goes down it would be bad for America.
If it goes down there's really nothing right now in his place there are proposals but they would have to get through congress.
Right hand once and I say no they can't get it through congress and good because doing nothing.
And leaving some -- -- of the free market would be a good thing I'm.
-- -- laser eye surgery that's free market.
What happens the prices go down quality goes up doctors give out their cell phone numbers and their email addresses -- they want to please the customer.
If government and insurance companies -- -- that doesn't happen.
And for the people who fall through the cracks are the millions of people who don't recover we have Medicaid for poor people and we have private charity if government out of the way.
They would really stepped it here's.
The problem with our health health care system is not going to be solved by the free market.
The free market has been in charge of our health -- system the problem is fee for service.
And it's something that was not addressed in in this Affordable Care Act it's something that have to be addressed -- health care costs are never going to go down.
They've had all the costs and you're right nobody knows -- -- their pain but they've had all of the costs.
And that they have an incentive to actually charge you more money into drive up the cost and so.
You know I don't think there's like some magical free market is gonna come in and save us -- Do we get a commission every time you know.
It's like there's.
-- signs that by the way Jonah Goldberg just we did he wants to bring his son for his book.
And as well the other problem in the -- -- around in the idea of the problem major problem in incredible cost of health -- is the absence of tort reform.
We have an insane system what anybody's practiced as I had.
-- knows how much is wasted on defensive medicine.
Test and referrals and and and admissions which are done entirely for no other reason meant to prevent a lawsuit.
It amounts to about a quarter of the national with a pill that is half a trillion dollars wasted years and Howard Dean he's the only Democrat who was honest enough to explain.
Where there's not a word about it in that -- the monstrous.
2000 page bill he said the bill and Democrats have enough enemies we didn't want to make.
Enemies of the trial lawyers who are big supporters of the Democrats.
To have a huge overhaul of the six of the American economy and to leave the fundamental -- of the increase in in in spending on it is a scandal.
One word answer big deal or not health care and the general election -- will be the major issue after jobs.
Not a big deal.
Yes a big hits that is if the panel John thanks.