16 Aug 2017

By all accounts, Barack Obama was (legislatively) doomed before he ever took office. And it wasn't just because the financial sector was in near ruins, the economy was near meltdown, and we were off fighting wars. It was because in the face of all this Obama was going to have to face most of these challenges without any help from the opposition party. We know this because of a meeting of great consequence held by GOP leadership shortly after Obama's election in 2008. As they huddled in a panic over what the party would do next, they departed in solidarity, entering a pact to obstruct the president-elect by any means necessary. Someone even wrote a book about it. But back to Obamacare. Not only did the GOP campaign relentlessly on its repeal and replacement (with much electoral success!), but they voted to do so over 50 times while Obama was still in office. And did so even though they did not have the veto-proof majority needed to override the pr...

23 Apr 2011

One of the major arguments of the health care bill Obama and the democrats pushed through was how it was going to push healthcare costs down. I doubted this would materialize as much as they said it would (along with a lot of people) and surprise surprise... President Obama is already undercutting portions of the health care reforms that would work to cut costs. Bravo to Tim, at Tim's Cogitorium, for catching this: The Obama administration announced it was kicking in $6.7 billion to head off cuts to Medicare Advantage—cuts put in place by Obamacare. These were some of the cuts put in place to reduce the excessive spending on health care.  They were a key part of the package Democrats fought tooth and nail to get passed last year.  They are essential for the new health care reform bill to achieve its projected savings.  And now they are flip-flopping on them. Are you as shocked as I am, that Obama would make such a giant flip-flop like this? ...

23 Mar 2011

So yeah... I do in fact read the blog of the Director of the Congressional Budget Office. I amm indeed that big of a political nerd. In his latest post, he talks about how the CBO has a revised estimate that shows that the health care bill passed last year will cost about $90 billion more than originally thought. Shocker here right? Here is what he said: As we explained in Friday’s analysis, updating baseline projections of federal spending on health care programs does not automatically result in a complete reestimate of the budgetary impact of last year’s major health care legislation—the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010—under the assumptions of the new baseline. However, the costs or savings from some aspects of that legislation can be separately identified in the baseline projections. In particular, the provisions related to expanding health insurance coverag...