Apr 30, 2010

Report: ObamaCare officially exposed as fraudulent

When signing his health reform bill in March, Obama promised it would “bring down health care costs for families and businesses and governments”.

The reality: rigorous analysis by top officials in his own administration exposes the Obama’s promise as a fraud.

The chief Medicare actuary declares that “overall national health expenditures under the health reform act would increase by a total of $311 billion”. Moreover, within five years of implementation, the plan will cost employers $87 billion in penalties for failing to provide government-approved insurance.

Despite crushing costs, and the likelihood of Medicare cuts “jeopardizing access to care,” 23 million Americans will still be uninsured nine years from now.

If these numbers from the Department of Health and Human Services had been available before final House votes, it’s doubtful Congress would have approved this ill-conceived initiative.