Daily Archives: June 27, 2010

Repealing Obamacare May Be Possible

Repealing Obamacare? Yes, We Can!  The Heritage Foundation. 

An excellent fact sheet on the reasons why and how this can be realized.  A few points.

Repeal Has Been Done – The Medicare Catastrophic Coverage Act of 1988 (H.R. 2470): This act—which was enacted with huge bipartisan support in Congress—forced seniors to pay for a drug benefit that many of them did not want through a special tax on top of their premiums. It was repealed just one year after passage when details of the complex law came out during implementation.

Cost More Than Bargained for: The government has a habitual problem of underestimating how much major health programs will cost taxpayers. The Medicare catastrophic program’s projected costs doubled within 12 months of passage, while Clintoncare—which the President promised would be fully paid for—was later projected to add tens of billions to the deficit. Obamacare is no different. The new health law, which was at first estimated to reduce the deficit, is now expected to cost upwards of $115 billion over 10 years.

Keep reading for more.