Obamacare to add $340 billion to deficit over next decade

That's the results of a new study by a member of the board that oversees Medicare financing. The significance isn't just that Obamacare will add $34 billion to the deficit every year. The problem is that Obama and the Democrats have been claiming that Obamacare will actually reduce the deficit by around $500 billion over the same period. That's an $840 billion dollar error. Ooops. Washington Post: President Obama's landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation's budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing. The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the...(Read Full Post)

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