Thursday, July 16, 2009

CBO: Healthcare Plan Does Not Decrease Costs

It does the exact opposite. From today's briefing to Congress:

The health care overhauls released to date would increase, not reduce, the burgeoning long-term health costs facing the government, Congressional Budget
Office Director Douglas Elmendorf said Thursday.

That is not a message likely to sit well with congressional Democrats or the Obama administration, and House Speaker Nancy Pelosi , D-Calif., said Thursday she thinks lawmakers can find ways to wring more costs out of the health system as they continue work on their bills.


As three House committees began marking up the health care overhaul bill (HR 3200), Pelosi told reporters that she thinks the legislation can eventually wring more costs from the health system.

Is there anyone out who could honestly look at Nancy Pelosi and tell me that they believe she knows what she's talking about?

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