7Vote!
OpenMarket (Free subscription) | 11/30/2009
“Would ObamaCare Kill Medical Innovation'” That’s the question posed by health care expert Michael Cannon. His answer is yes : “President Obama’s health plan would likely reduce such innovation, to the detriment of the entire world.” Other experts agree. Harvard Medical School’s…
3Vote!
The Political Fish (Free subscription) | 11/30/2009
At least according to the CATO Institute. It seems that Congress has pulled a few of their patented budget tricks to try and mask the actual cost of the healthcare bill. CATO analyst Michael Cannon hashes out the details here. One gimmick makes the new entitlement spending appear smaller by not opening the spigot until late [...]
7Vote!
The Blog (Free subscription) | 11/30/2009
... cost would be $2.5 trillion . And the cost curve bends upward from there. It gets worse. CATO's Michael Cannon writes Another gimmick pushes much of the legislation’s costs off the federal budget and onto the private sector by requiring individuals and employers to purchase health insurance. When the bills force somebody to pay $10,000 to the government, the Congressional Budget...
3Vote!
lgstarr (Free subscription) | 11/29/2009
Bait and Switch: The advocates of ObamaCare argue that the overhaul of the American health-care system will cost “only” a trillion dollars in its first decade. Michael Cannon at the libertarian think tank Cato says that Congress relies on significant budgetary gimmicks to get to that number, and that the true cost of ObamaCare in its first real decade is six times that amount:...
4Vote!
my days at the office (Free subscription) | 11/29/2009
... of data no one knows. Her entire letter is worth reading. A video on who's who in Climategate: Michael Cannon at the Cato Institute notes that the real cost of ObamaCare would likely top $6 trillion. Tony Rezko's banker is running for the Senate in Illinois. A New York newspaper calls recovery.gov recovery. con
11Vote!
Hot Air (Free subscription) | 11/29/2009
The advocates of ObamaCare argue that the overhaul of the American health-care system will cost "only" a trillion dollars in its first decade. Michael Cannon at the libertarian think tank Cato says that Congress relies on significant budgetary gimmicks to get to that number, and that the true cost of ...
5Vote!
The Snooper Report (Free subscription) | 11/29/2009
... or at least check it every 3 months. Anyway... ObamaCare Cost Will Be Closer To 6 Trillion Dollars Michael F. Cannon from The Cato Institute writes about the trickery involved by Democrats in estimating how much the behemoth known as ObamaCare will cost and what the real cost of the Socialism will be: [...] $6,000,000,000,000.00? And the Bush "financial disasters" are what,...
7Vote!
Ace of Spades (Free subscription) | 11/29/2009
h/t Hussein the Plumber, Cato Institute's Michael Cannon estimates the cost of ObabamaCare to be 6.5 Trillion dollars. He comes to this by dispensing with the largest of the gimmicks being employed to keep the true cost hidden: Offsetting the...
8Vote!
Say Anything (Free subscription) | 11/28/2009
Cato’s Michael Cannon notes that there are two primary budgeting tricks being used by Democrats to conceal the true cost of their health care bill. The first trick has to do with timing. In the analysis of the cost of the bill the Democrats are using they use a 10 year window that has the bill collecting revenues (taxes) for all ten of those years while actually only starting to...