Everything in the Proposal is a lie and so counter-intuitive to the Laws of Economics that one can only assume blatant ignorance of economics or a perverse desire to centralize the role of the state in our affairs regardless of the consequences.
It makes insurance more affordable by providing the largest middle class tax cut for health care in history, reducing premium costs for tens of millions of families and small business owners who are priced out of coverage today. This helps over 31 million Americans afford health care who do not get it today – and makes coverage more affordable for many more.
It sets up a new competitive health insurance market giving tens of millions of Americans the exact same insurance choices that members of Congress will have.
It brings greater accountability to health care by laying out commonsense rules of the road to keep premiums down and prevent insurance industry abuses and denial of care.
It will end discrimination against Americans with pre-existing conditions.
It puts our budget and economy on a more stable path by reducing the deficit by $100 billion over the next ten years – and about $1 trillion over the second decade – by cutting government overspending and reining in waste, fraud and abuse.
I don't have to remind you that in every program the federal government has ever implemented costs have been grossly underestimated intentionally by lying, or by incompetence, or both. Recently disclosed FOIA disclosures reveal that Lyndon Johnson lied about the costs of Medicare because he knew that he couldn't get the bill through if the true costs were known. Even so the costs have risen geometrically above the worst estimates back then.
I don't believe that the Obama Administration is just well meaning but misguided. I am not sure that President Obama fully understands the consequences of his Proposal because of his lack of understanding of economics, but the Proposal as a means to exert control over 16% of the economy is a conscious and blatant power grab.